Jollychic, a Chinese ecommerce platform that focuses on the Middle East region, has raised $65 million in its Series C+ funding round from sole investor G42 Group, a technology giant in the UAE.
The Chinese firm, which reached a valuation of $1 billion last year after raising hundreds of million in its Series C round led by Sequoia Capital, said G42 Group’s investment is “an important milestone” to further strengthen localisation.
