SAIF Partners Invests $30M In Fashion Service Platform YOHO!

Nanjing-based fashion service and e-commerce platform YOHO! has raised US$30 million in series C funding from SAIF Partners, according to Chinese media reports.

YOHO! previously received several million U.S. dollar series A funding from CDH Venture Partners in 2006, and tens of millions U.S. dollars from Bertelsmann Asia Investments, Vertex Venture and CDH Venture in 2012.

The company says it will use the proceeds to enlarge input in media and e-commerce platforms, support domestic creative brands and introduce more global brands.

Founded in 2005, YOHO!’s products include YOHO! Fashion, YOHO.CN and YOHOBUY, with 5 million registered users.

YOHO! has set up branch offices in Beijing, Shanghai, Guangzhou, Hong Kong and Tokyo.

SAIF Partners is originally founded in 2001, and currently manages around US$4 billion across four U.S. dollar funds and several RMB funds.

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