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Dafengshou has raised RMB200 million in Series B funding
2017-06-22
Orchid Asia Group and China GrowTaihecap have led a RMB200 million (US$29 million) series B round in agriculture e-commerce platform Dafengshou, with participation from Matrix Partners China, according to a company announcement.China Taihecap served as exclusive financial advisor in the transaction.
Founded in 2014, Dafengshou sells pesticide, fertilizer, agricultural tools and books to over 300,000 farmers in China. The platform currently covers a number of provinces in China including Jiangxi, Anhui, Guangdong, Guangxi and Hubei.
The company previously raised a series A round worth tens of millions of RMB from Matrix Partners China in January 2016. It plans to use the latest proceeds to expand its offline business and integrate upstream and downstream industries to provide better solutions to users.
Source: https://www.avcj.com/avcj/news/3005478/china-agricultural-services-platform-secures-usd29m-round
