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Enterprise-focused Online Food Delivery Site Meican Raises Series D Funding

Jiemian, 8/02/17

Beijing-based Qingsong Meican Technology, operator of enterprise-focused online food ordering website Meican.com, has announced it has completed an undisclosed amount of Series D funding from Goldman Sachs Investment Partners, the venture capital and growth investment fund run by Goldman Sachs Group.

Meican said that with this funding, the company will continue to expand its overall consumer market, accelerate the hiring of industry talent, and increase the penetration rate of its services.

Meican, established in 2011, provides services such as employee meals, event catering, team building, and business banquets for thousands of corporate clients in major cities throughout China. Its platform integrates varied scenarios such as online takeout ordering for employees, on-site sales, in-store spending, and expense reimbursement. In particular, the company provides employee dining and spending solutions for mid- to large-sized enterprises of 2,000 employees or more.

Editor's Note: For more information on this topic, please see "Food Delivery Site Meican Completes RMB 140 Mln Series C," MD 4/07/17 issue.

Keywords: Qingsong Meican VC corporate user funding Series D Goldman Sachs Meican food O2O

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