Sequoia Capital Leads $25M Series C In Ele.me

Shanghai-based online food ordering site Ele.me says the company has raised US$25 million series C financing.

Sequoia Capital China led the round. Existing investors GSR Ventures and Matrix Partners China also participated.

Ele.me, which means "are you hungry?" in Chinese, says it will use the proceeds to improve research & development, as well as scale up its business.

The company raised series A funding from GSR Ventures in 2011 and series B funding from Matrix Partners China in early 2013.

Founded in 2008, Ele.me currently operates online food ordering services in 12 Chinese cities and partners with over 20,000 restaurants. The company claims to have attracted around 2 million registered users and receive about 100,000 orders every day.

China Expert Network
 
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