Dianwoba Receives $10M Series B Financing


Shanghai-based O2O (online-to-offline) service provider Dianwoba.com has received US$10 million in series B financing, according to Chinese news reports.

Details of the investment are not disclosed.

Dianwobo.com previously received US$2 million in series A financing from Gobi Partners.

The proceeds will be used for expanding the business into Beijing, according to Gobi’s official website.

Dianwoba is an e-commerce enabler that offers one hour same-day guaranteed delivery service for customers of local restaurants and shops, including helping the customers buy daily supplies. It currently operates in Shanghai and Hangzhou.

 
China Expert network

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