Warburg Pincus, Matrix Partners, Sequoia Capital and GSR Ventures Invest in Yunniao.me (Asia)
Source: China Money Network | Author(s): Li Dongmei
Global private equity firm Warburg Pincus has led a US$100 million Series C financing round for Yunniao.me, a China-based online-to-offline courier service. Existing investors, venture capital firms Matrix Partners, Sequoia Capital and GSR Ventures, also participated in the round. Yunniao.me intends to use the new capital to improve research and development and to expand its services to more cities in China.