China-based app developer Tuhu has obtained approximately $100m in series C funding from investors including Legend Capital, the corporate venturing arm of conglomerate Legend Holdings, the Wall Street Journal reported earlier today.
Financial services provider Far East Horizon, Qiming Ventures, the China-based venture capital firm backed by medical practice Mayo Clinic, and private equity firm Welkin Capital Management also participated in the round.
Founded in 2011, Tuhu enables garages to use its platform to handle bookings from drivers. Apart from booking appointments for car and vehicle maintenance, users can also purchase replacement parts through the app.
The funding will be used to support branding efforts and the strengthening of Tuhu’s supply chain.
Tuhu has not disclosed the financial terms of its previous funding rounds. Legend Capital and Qiming participated in its July 2014 series B round, while Qiming provided angel funding in 2012 and series A funding the following year.