Chinese auto insurance search engine Cheche365.com has raised $30 million in Series B round even as Meiweishenghuo, a checkout-free convenience store operator, has secured $4.5 million in its Series A+.
Cheche365.com raises $30m from Shunwei Capital, CBC Capital
Cheche365.com, an auto insurance search engine, has raised $30 million in a Series B round led by China Capital Group Ltd.
Shunwei Capital, CBC Capital also participated in the round, according to a China Money Network article.
Operated by Beijing Cheyuche Technology Co, Cheche365.com was founded in 2014. It will use the fresh funding for expanding online and offline operations and for product development.
Cheche365.com has partnered with more than 30 insurance companies across 1,000 cities and claims to serve nearly one million users in China.
Meiweishenghuo secures $4.5m in Series A+ round
Meiweishenghuo, a checkout-free convenience store operator founded by a former manager at China’s on-demand local services provider Meituan-Dianping, has secured $4.5 million in its Series A+ round.
The round was led by multi-stage VC firm GGV Capital and was joined by Zhen Fund, K2 VC, and Matrix Partners China, China Money Network reported.
The company deploys smart vending machines in urban centres, allowing customers to use its machines by scanning a QR code and purchasing lunchboxes, fruits, salads, snacks and beverages.