Chinese auto parts firm Casstime raises $80m from Sequoia, others

Chinese auto parts firm Casstime raises $80m from Sequoia, others

Photo: DEALSTREETASIA

Chinese auto parts e-commerce platform Casstime has raised as much as 564 million yuan ($80 million) in a Series C1 funding found co-led by Sequoia Capital China and Source Code Capital, according to an announcement

The round also saw the participation of its long-standing investor HUA Partners. With the current round investment, the total amount of funding garnered by the Shenzhen-headquartered company stands at around $200 million.

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