DayDayCook, a China-based ready meal and recipe brand backed by e-commerce group Alibaba, has received $20m in funding, TechCrunch reported on Wednesday.
The round was led by venture capital firm Talis Capital and also featured cross-border VC fund Ironfire Ventures.
Founded in 2012, DayDayCook runs an online platform with 600,000 registered users that teaches culinary skills through recipes and video coaching while also selling ready-made dishes through an e-commerce channel.
The round brought DayDayCook’s total funding to $65m, according to TechCrunch, and the proceeds will go to expanding its platform.
Alibaba’s Entrepreneurs Fund co-led the company’s $14.8m series B round in 2017 with Adrian Cheng, executive vice-chairman of property-focused conglomerate New World Development, and Cheng’s private equity vehicle, K11 Investments, according to South China Morning Post.
DayDayCook had raised $5.2m in a September 2016 series A-plus round also led by Alibaba Entrepreneurs Fund, seven months after 500 Startups, MFund and Heyi Capital had supplied $5.4m in series A funding.
Vectr Ventures had supplied an undisclosed amount of seed capital for the company in 2014. Its shareholders also include investment bank AMTD Group.