China’s Dingding Fresh Food raises $14 mln in Series A funding round

Dingding Fresh Food, a Beijing-based fresh food supply chain service startup, has raised nearly 100 million yuan ($14 million) in Series A round of financing from Hidden Hill Capital, a Chinese private equity platform of Singapore's Global Logistic Properties.

Proceeds of this round will be used to enhance research and development capabilities of fresh food and the informationization capabilities of the supply chain. Toutou Shidao Investment Fund and GSR Ventures also participated in the latest round.

Hidden Hill Capital said that the investment in Dingding is an important part of its investment layout in the fresh food supply chain field.

Hidden Hill Capital added that Dingding will cooperate with other ecological chain companies that it invested in fast-growing areas such as fresh food and city logistics delivery, with a focus on the combination of products, channels, and services.