Banyan Capital leads $21m round for China food brand
Hot Life, a Chinese online-to-offline food brand that sells spicy crayfish, has completed a RMB140 million ($21 million) Series B round led by Banyan Capital. Matrix Partners and N5 Capital also participated.
Hot Life, also known as Relashenghuo in Chinese, was founded by Beijing-based restaurant chain Spice Spirit in 2011. Early operations focused on selling spicy crayfish online but have since expanded into...
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