Primavera’s Fred Hu: crackdown will make China tech sector ‘more competitive.’
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The company has raised USD 297 million via equity and debt funding from Accel, Apoletto Asia, B Capital, Goldman Sachs, and e-commerce retailer Flipkart.
Hema is hoping that a premium model relying on higher average order value and greater margins can lead to long-term success in China’s online grocery market.