Alibaba-backed self-service car wash firm Yigongli (YGL), which was developed by Shanghai HELIOS Network Technology, has achieved a unicorn valuation of over $1 billion after raising “hundreds of millions of US dollars” across two tranches in its Series D round.
The transactions include a Series D1 round from Sigma Delta Partners Investment (SDP Investment), which focuses on prime properties in Tier I cities in China; and a Series D2 round from Goldman Sachs Asset Management, the startup announced in a press statement.
