Food Delivery Service Ele.me Is Now China’s Third-most Funded Startup

Michael de Waal-Montgomery, VentureBeat
Mon, 08/31/2015 - 12:10am

China’s popular food delivery service Ele.me (which translates to “Hungry?”) raised a whopping $630 million in Series F funding at a $3 billion valuation right before the weekend. The round propels it into the number three spot of China’s top-funded startups, with about $1.1 billion in capital raised to date. Group buying website Meituan slips to fourth place, also with about $1.1 billion — though it could be argued the two are now joint-third.

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