China-based logistics company Fengxiansheng has raised tens of millions of dollars in a series C round that featured apparel e-commerce platform Jolly Information Technology, China Money Network reported today.
Daosheng Capital also participated in the series C round.
Founded in 2014, Fengxiansheng offers food, flowers, auto parts and documents delivery within 30 minutes. The company has a fleet of several hundred vehicles and claims to make more than 100,000 deliveries per day.
The money will help Fengxiansheng expand into Southeast Asia, where it hopes to tap into the e-commerce sector.
Daosheng, Lightspeed China Partners, Matrix Partners China and Puhua Capital previously supplied $16m in a series B round in 2015. Matrix had provided an undisclosed amount in series A capital in 2014.