Meican, a China-based online food ordering platform backed by communications technology provider Nokia and local services portal Meituan-Dianping, has secured an undisclosed amount in series D funding, China Money Network reported yesterday.
The series D round was led by Goldman Sachs Investment Partners, a subsidiary of investment banking firm Goldman Sachs. The other participants were not identified.
Meican operates an online platform targeted at corporate customers that enables them to find local restaurants and eateries and order food from them for delivery. Its customers include tech companies Alibaba, Baidu and Didi Chuxing.
The series D round will help Meican expand to universities and strengthen its offering to medium and large-sized companies.
Venture capital fund Zhen Fund and VC firm Kleiner Perkins Caufield & Byers (KPCB) provided the company’s early funding before Nokia’s corporate venturing unit, Nokia Growth Partners (NGP), led a $10m series B round in 2014 that included KCPB China.
Private equity firm Trustbridge Partners added an undisclosed amount of funding to the series B round that was followed in 2015 by a $22.6m series C round led by Dianping, prior to its merger with Meituan, which included NGP, Trustbridge and KPCB China.