DayDayCook, a China and Hong Kong-based lifestyle cooking platform, raised US$20m in funding.
The round was led by Talis Capital with participation from Ironfire Ventures.
The company intends to use the funds to continue to expand its offering, operations and business reach.
Founded in 2012 in Hong Kong by Norma Chu, DayDayCook is China’s leading cooking multimedia platform, providing a wide variety of quality recipes and methods for traditional and modern Chinese dishes to its users.
The platform has over 475 million views per month from its website, mobile app, and multiple online streaming and video channels such as YouTube, China-based iQiyi, TikTok and Youku, with more than 15,000 instructional videos available on how to cook each recipe, totalling in 6 billion views in 2019.
The online recipe hub has also launched its own stores in over 4 Chinese cities, as well as its own ecommerce business, DayDayCook Shop, which sells food ingredients, kitchen supplies and electronic appliances online.
To date, DayDayCook has raised a total of US$65 million from Talis Capital, Ironfire Ventures, AMTD, Alibaba Entrepreneurs Fund and other investors such as 500 Startups, Heyi Capital and MFund.
FinSMEs
19/08/2020