News Snapshot:
May 12, 2021 The new round of fundraising followed the app’s $700 million D round completed in April. (Source: Xinhua) Chinese grocery platform Dingdong Maicai raised $330 million in a Series D+ round of financing led by the SoftBank Vision Fund, according to investor and advisor Cygnus Equity, as the startup continues its expansion in the crowded fresh food delivery market.The new round of fundraising followed the vegetable e-commerce app’s $700 million D round completed last month, which was co-led by investment firms DST Global and Coatue Management.This brings the platform’s total recent fundraising to more than $1 billion, Cygnus...
