Shunwei leads $22m round for Chinese fruit tea brand
Chinese fruit tea brand Sweet7 has raised RMB150 million ($22 million) in funding led by Shunwei Capital, with participation from Insight Fund, a vehicle launched by financial advisor MM Capital.
The company was founded in 2006 and initially operated a Shanghai-based dessert restaurant chain called Xieji. The Sweet 7 brand was introduced in 2015 and began to gain momentum in 2018. The company...
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