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Robot developer PuduTech secures $77m from Meituan, Sequoia China, others

Robot developer PuduTech secures $77m from Meituan, Sequoia China, others
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Chinese food delivery robot maker PuduTech bags funding from Sequoia, Meituan, others


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.  ....

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