Fresh Buddy, a Chinese fresh produce social commerce platform, has raised $100 million in its Series B funding round led by Genesis Capital and backed by SIG China, DCM Ventures, and Vision Plus Capital, according to media reports.
The Beijing-based startup platform has been selling and delivering fresh vegetables and fruits since its inception early this year. But that business model, which has been followed by a number of e-commerce sites in China, is not enough for the company to stand out and rake in millions of investments from big-ticket investors.
