Qiming leads Series B for China goods delivery app

Existing investor IDG Capital Partners also participated. The size of the transaction was not disclosed but it is said to amount to tens of millions of dollars.

Shanghai-based Linjia.me was launched in March last year. It allows users to order food and daily necessaries from restaurants, grocery shops, convenience stores and pharmacies within a three-kilometer radius. Part-time couriers make deliveries within 35 minutes of orders being placed. They receive additional commission fees based on user feedback on the quality and efficiency of the service.

Linjia.me covers Shanghai, Beijing, Hangzhou and Guangzhou, and receives about 16,000 orders every day, with each customer spending RMB50 ($8) on average. The company has more than 25,000 couriers registered on its platform, and approximately 2,500 of them are active on a daily basis.

The company raised a Series A round from IDG and Shanda Capital in May. The new funding will be used to strengthen operations, expand market shares and improve delivery services.

In the online food ordering and delivery space Linjia.me competes with the likes of Ele.me which raised $630 million last week. Ele.me has around 4,000 full-time couriers located in first and second-tier cities and a network of over 200,000 part-time couriers through arrangements with third-party providers.

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• Topics
• Greater China
• Venture
• Expansion
• Technology
• Consumer
• China
• Venture
• Qiming Venture Partners
• Growth capital
• TMT
• Logistics
• IDG Capital Partners
• Consumer