Lehe Food Group Co., Ltd., a major catering supply chain company, completed its Series E financing totaling several hundred million yuan on Monday. This round of financing is co-led by CDH Investments and Eastern Bell Capital, followed by Meituan-backed Long-Z (four rounds in a row) and Xingtou (Beijing) Capital, with Dialogue Capital as the exclusive FA. Previously, in December 2020, Lehe completed Series D of financing co-led by Eastern Bell Capital, Long-Z and CDH Investments.
After the completion of this round of financing, Lehe plans to continue to increase investment in the construction of food supply chain management systems and cold chain infrastructure, while recruiting talent and strengthening team building.
Founded in 2006 and headquartered in Guangzhou, Lehe is committed to building a complete food supply chain. After 15 years of development, Lehe has gradually formed its core competitiveness in B2B food supply services, forging the standards of leading industries. Now it has developed into a multi-industry centered on B2B food supply services, as well as clean produce processing, cold chain logistics, catering management, ‘central kitchen logistics’, food technology industrial parks and other areas.
By adhering to the full management from the supply side to the demand side, and integrating agricultural resources, Lehe has met the demand for a stable supply of high-quality ingredients from its ever-expanding customer base. On the other hand, it represents an active response to China’s official rural revitalization strategy. Through its subsidiaries across China, it develops contract farming, increases the sales volume of agricultural products, helps farmers increase their income, promotes the further development of agriculture in various cooperation areas, and boosts rural revitalization.
As of press time, Lehe has 230 subsidiaries in China, serving more than 100 cities nationwide. Through capital assistance, it accelerates its business expansion in the Chinese market at the rate of adding over 10 subsidiaries every month.