Dianwoba, an online food and grocery delivery service, announced an undisclosed amount of Series C funding from Koubei, the local lifestyle services company jointly established by Alibaba Group and its finance affiliate Ant Financial earlier this year.
The startup has received a $2 million USD series A funding from Gobi Partners in 2012 and eight-digit USD B series from SAIF Partners, Telescope and Qiaojing Venture Capital in 2014.
Dianwoba, founded in 2009, was one of the earliest entrants to China’s booming online food delivery sector with widespread networks in Hangzhou and Shanghai. The Hangzhou-based team has teamed up with more than 2000 catering brands so far.
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