Beijing-based online home renovation service platform iKongJian.com has raised RMB60 million (US$9.6 million) series A financing led by Shunwei Capital, a private equity and venture investment firm founded by Lei Jun, the founder of Chinese smartphone maker Xiaomi Inc., according to the company’s official Weibo account.
Chinese venture firm H Capital also participated in the round.
Founded in 2014, iKongJian.com provides standardized apartment renovation services priced at minimum prices, targeting the young and new home owners in China.
