Blue Apron, the New York-based meal delivery service, just announced $135M in Series D funding, led by Fidelity, at a $2B valuation. This brings Blue Apron's total funding to $193M from a list of 15 investors. Swiggy, a Bangalore-based food ordering app, announced $16.5M in new funding this morning from NVP, Accel, and SAIF Partners. According to CrunchBase, this is the 14th India-based food or grocery delivery service to raise venture funding in the past year. Sequoia has backed three of these: food ordering app TinyOwl, grocery delivery service PepperTap, and hyper-local delivery startup Grofers. There's never been a better time to start an early-stage startup in China, according to Fritz Demopoulos, co-founder of travel giant Qunar and investor at Queen's Road Capital. On stage at TechCrunch Shanghai this morning, Demopoulos explained how an influx in angel investors has made China more startup-friendly than ever.
Which U.S.-based investor has made 10 investments in Chinese startups this year? Check it out.
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