CITIC, Sequoia, Tencent Participate $350M Series E In Ele.me

Shanghai-based online food ordering site Ele.me announces that it has raised US$350 million series E financing led by CITIC Private Equity, according to its official Weibo account.

Tencent Holdings Limited, Chinese e-commerce platform JD.com Inc., online review platform Dianping.com, and Sequoia Capital also participated in the round.

Earlier in January, there has already been media reports about the company’s new round of financing. The company held a press conference yesterday to officially announce the details of the round.

Founded in 2009, Ele.me received several million U.S. dollar series A from GSR Ventures in 2011. In 2013, it received several million U.S. dollar series B financing from Matrix Partners China and GSR Ventures.

Later in 2013, it completed US$25 million series C round led by Sequoia Capital, with participation from GSR Ventures and Matrix Partners.

In May 2014, it received US$80 million series D financing from Shanghai-based Yelp-like review website Dianping.com.

All the past financing rounds cannot be verified and have not been confirmed by the company.

As of October 2014, Ele.me provides online food ordering services in 250 cities in China, with 20 million users and two million orders completed via its desktop and mobile app platforms every day, according to data provided during yesterday’s press conference.