Tencent Holdings Ltd.-backed grocery delivery startup Missfresh is seeking up to $500 million of new funding to help tide it over tougher times, according to people familiar with the matter.
Beijing Missfresh Ecommerce Co., which also counts Goldman Sachs Group and Tiger Global Management as backers, is looking to fetch a valuation of at least $3 billion, the people familiar said, requesting not to be named because the matter is private. The company plans to raise $300 million to $500 million at a valuation of as much as $4 billion, one of the people said.
