• Facebook
Fund News, Investments, News

SAIF Partners Lead $14.6M Series A In Lamahui.Com

Follow Us:

Hangzhou city, Zhejiang province-based baby supplies e-commerce platform Lamahui.com has received RMB90 million (US$14.6 million) series A financing from SAIF Partners, DT Capital and TRVC, according to Chinese news report.

Another Hangzhou-based maternal and infant supplies e-commerce site Beibei.com also received RMB150 million (US$24.3 million) series A financing from IDG Capital and Banyan Capital.

Founded in 2011, Lamahui offers 72-hour flash sales in mother and infant supplies.

Venture investors have been betting big on China’s maternity and baby sector lately. Last month, Shenzhen-based mommy communication platform Lmbang received US$20 million series B financing from Greenwoods Asset Management Limited, Morningside Ventures, Matrix Partners and K2 Ventures.

In addition, Fujian province-based 61bbw.com, another similar platform, also reportedly received tens of million RMB series A financing.

In May, Beijing-based diaper and baby formula e-commerce platform Miyabaobei.com received US$20 million series B financing led by Sequoia Capital.

CMN Bespoke Reports White 728×90

Leave a Reply

Your email address will not be published. Required fields are marked *