date:Jul 30, 2020
Missfresh racks up $495mln in funding as Chinas e-grocery booms
Chinas Missfresh announced a new funding round of $495mln led by a fund under state-backed China International Capital Corporation. Other investors include ICBC International Securities, Tencent, Abu Dhabi Capital Group, Tiger Global, and a fund managed by the government of Changshu county, home to Missfreshs east China headquarters. By placing mini-warehouses closer to customers, the six-year-old startup is able to offer 30-minute