Sequoia, Fidelity Asia Ventures Lead Series B For Daoxila.Com


Shanghai-based Chinese wedding e-commerce platform Daoxila.com has completed tens of millions U.S. dollar series B financing led by Sequoia Capital and Fidelity Asia Ventures, according to a company announcement.

The company previously received tens of millions U.S. dollar series A financing led by Fidelity Asia Ventures and New Access Capital in 2012.

Daoxila.com says it will use the proceeds from the latest round on improving customer experience, technology upgrades and talent recruitment.

Founded in 2010, Daoxila.com provides online booking services for wedding banquets and other related services. It has subsidiaries in 14 Chinese cities including Beijing, Tianjing, Nanjing and Guangzhou.

 
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