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Chinese food delivery robot maker PuduTech bags funding from Sequoia, Meituan, others
Photo by Franck V. on Unsplash
May 18, 2021
Shenzhen-headquartered Chinese food delivery robot maker Pudu Technology Inc (PuduTech) has closed its Series C round of financing at 500 million yuan ($78 million), according to a company statement on Tuesday.
The latest round attracted an undisclosed strategic investor while return backers, Sequoia Capital China and Chinese consumer product and retail service giant Meituan, made a follow-on investment.
Meituan had initially invested over 100 million yuan in July last year in the company’s Series B round. The following month, Meituan had participated in a similar-sized Series B+ round led by Sequoia Capital China.