Foodie SNS App Douguo Completes USD 25 Mln Series C

36Kr, 11/18/14

Beijing-based Douguo Information Technology, operator of Douguo.com and recipe SNS mobile app Douguo Meishi, recently revealed that the company completed USD 25 mln Series C funding in the first half of the year, valuing the company at USD 300 mln. With daily active users (DAU) of approximately 1.7 mln, Douguo Meishi has been installed 75 mln times and is expected to reach 100 mln installations by the end of the year.

Douguo has formed partnerships with grocers so that users can purchase needed ingredients while browsing recipes with a single click. Douguo is currently implementing a standardized data interface for future integration with smart home appliances. The company plans to create comprehensive smart kitchen solutions, even covering kitchen design and cookware.

Editor's Note: For more information on this topic, please see "Foodie SNS Douguo Lands USD 8 Mln Second-Round Funding," MD 11/27/12 issue.

Keywords: mobile SNS funding users wireless active users Douguo valuation third-round VC

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