Online restaurant listings and review service Dianping has led a RMB 140m ($22.6m) series C round for China-based online food ordering platform Meican, China Money Network reported yesterday.
The round also featured Nokia Growth Partners, the corporate venturing unit owned by communications equipment maker Nokia, KPCB China, the local subsidiary of venture capital firm Kleiner Perkins Caufield & Byers, and VC and private equity firm Trustbridge Partners.
Founded in 2011, Meican provides online food ordering services through its website and app. It has agreed a strategic partnership with Dianping, which has more than 190 million active monthly users, in conjunction with the funding.
Meican raised $10m in a March 2014 series B round led by Nokia Growth Partners, which invested alongside KCPB China. Trustbridge later contributed additional series B cash.
Earlier investors in the company include Zhen Fund, which contributed an undisclosed amount of seed funding, and KPCB, which invested at series A stage.