The round was co-led by Celtic House Asia Partners, which backed Fantuan in its seed stage, and GrubMarket, the grocery e-commerce platform. JSD Capital, VisionPlus Capital and others also participated. (The Logic)
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The round was co-led by Celtic House Asia Partners, which backed Fantuan in its seed stage, and GrubMarket, the grocery e-commerce platform. JSD Capital, VisionPlus Capital and others also participated. (The Logic)
Talking point: Vancouver-based Fantuan, which provides food deliveries that cater to Chinese diaspora, first told The Logic it was pursuing Series C financing early last year. In a press release Tuesday, founder and CEO Randy Wu said the funding will go towards improving its service experience and operations. The company is also “exploring other service sectors” like fresh produce delivery and dine-in services, it said. Founded in 2014, Fantuan has expanded to more than 50 cities in Canada, Australia and the United Kingdom, offering food delivery options to Asian communities.
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