Hosen Capital Leads $20M Series B Round In Etaoshi

Beijing-based online food ordering and delivering service provider Etaoshi has received US$20 million series B financing from Beijing New Hope Industry Investment Center L.P., according to Chinese media reports.

Beijing New Hope Industry Investment Center is managed by Hosen Capital, which is the investment arm of Chinese agribusiness conglomerate New Hope Group.

Launched in February 2012, Etaoshi previously received US$10 million series A financing led by Highland Capital Partners and other undisclosed investors.

Etaoshi has established partnerships with over 20 Chinese restaurant chains, and plans to sign up 25,000 chains by the end of the year.

Earlier this week, another Chinese online food ordering and delivery platform Daojia says it has completed US$50 million series D round of financing.

In August, a similar start-up, Meican, received an undisclosed amount of follow-on series B investment from Shanghai-based venture and private equity firm Trustbridge Partners.


China Expert network