Sequoia-backed online grocer Dingdong Maicai said to raise $300m

Sequoia-backed online grocer Dingdong Maicai said to raise $300m

Photo by Sven Scheuermeier on Unsplash

China’s Dingdong Maicai has raised $300 million in a new funding round that values it at $2 billion, two people familiar with the matter said, as the online grocer benefits from a rise in demand for fresh food delivery amid coronavirus-related restrictions.

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