Goldman Sachs and Tencent Lead US$450 Million Investment in Miss Fresh (Asia)

Source(s): Reuters | Author(s): Kane Wu

Miss Fresh, a China-based fresh produce delivery service, has raised US$450 million in a funding round led by Goldman Sachs Investment Partners and China-based technology conglomerate Tencent Holdings. Other investors in the round included China Renaissance, Davis Selected Advisers, Glade Brook Capital, Jeneration Capital, Poly Capital, Sofina and Tiger Global Management. Miss Fresh reportedly plans to use the funds to develop its supply chain, cold chain logistics infrastructure and smart retail technology.