Sequoia leads $25m round for China online takeout service
Sequoia Capital China has led a $25 million Series C round of funding for ele.me, a Chinese food ordering service. This latest round - which also includes existing backer Matrix Partners - values the company approximately $100 million.
The new funds will be used to scale up the business. Ele.me - which means "Are you hungry?" - currently operates shops in 12 Chinese cities. "We want to expand to 20 cities next year," said Mark Zhang,...
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