China-based online-to-offline service Zhai.me has closed a $35m series B round led by group discount platform Meituan, China Money Network reported earlier today.
Bertelsmann Asia Investments, the local corporate venturing arm of media company Bertelsmann, Vertex Venture, a subsidiary of Singapore’s sovereign wealth fund Temasek, and private equity firm Banyan Capital also participated in the round.
Established in December 2014, Zhai.me operates a delivery service for products ranging from food to wireless routers. The platform is aimed at students.
As part of the investment, Meituan and Zhai have inked a strategic partnership to collaborate on the delivery of food products and consumer goods.
Bertelsmann previously invested $10m in a series A extension. The company has not disclosed details about its seed and initial series A rounds.