Yiguo Raises a Series C Funding Round from KKR and Alibaba Group (Asia)

Source: Asian Venture Capital Journal

China-based fresh food e-commerce platform Yiguo has raised a Series C financing round from global investment firm KKR and China-based e-commerce company Alibaba Group, an existing investor in Yiguo. KKR’s portion of the investment was structured through KKR China Growth Fund. Yiguo, which sells seafood and fruit online, plans to use the new funds to expand its customer base, develop new products and improve its logistics operations. Financial details of the transaction were not disclosed.