Chinese self-heating hotpot start-up gets $50m Series C


Source: avcj.com avcj.com

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Zihaiguo, a Chinese start-up best-known for its line of self-heating hotpot products, has raised a $50 million Series C round led by CICC Capital at a valuation of $500 million. Existing investor Matrix Partners China re-upped. Matrix acquired a 12.7% stake in Zihaiguo for over RMB100 million in March, according to AVCJ Research's records. Its Series A was backed by Meridian...