Tiantu Capital Makes the First Investment Through Its Sixth RMB Fund (Asia)
Source: Tiantu Capital, Asian Venture Capital Journal | Author: Winnie Liu
China-focused private equity and venture capital firm Tiantu Capital has invested RMB80 million (approximately US$13 million) in Ganqishi, a Chinese cuisine food chain. This was the first transaction structured through Tiantu Capital’s sixth RMB-denominated fund. Ganqishi, which operates 150 outlets in Hangzhou and offers mainly Chinese dumplings, intends to use the capital injection for business expansion.