Smart F&B business management platform Haowa receives USD 14.5 M in Series A round
Founder: Zheng Jinjun
Founded in 2014
Financing status: RMB 100 million (USD 14.5 million) Series A financing in 2017
Haowa is a smart F&B business management platform that integrates restaurant operations, management, marketing and other functions for F&B businesses.
When customers enter F&B establishments, they can order, pay and share coupons via scanning QR codes provided by Haowa at the establishments. F&B managers can also easily control the inventory, finance and supply chains on its restaurant management platform. In addition, managers can improve management efficiency through their customers’ multi-dimensional evaluation such as food and service quality on the platform.
With Haowa’s platform, customers can finish ordering on their phone easily after coming into restaurants, and managers can reduce the costs for hiring many waiters.
Founded in 2014 in Chengdu, Haowa has developed more than 600 partners across China. Based on its management system, the company can collect data on the F&B industry to discover new business trends and opportunities.
Convenience store supplier Yubianli receives USD 14.5 M in pre-Series A round
Founder: Meng Qingbo
Financing status: RMB 100 million (USD 14.5 million) pre-Series A financing in 2017
Yubianli is a convenience store supplier that mainly provides fast moving consumer goods based on a business-to-business (B2B) electronic business platform.
Based in central China’s Henan, the company aims to improve operating efficiency of the convenience store industry and reduce transactional costs by the integration of various resources, and to provide one-stop services for convenience stores. In order to help convenience stores achieve online-to-offline (O2O) operations, Yubianli’s online platform opens up a new direct path for convenience stores to the customers.
This pre-Series A financing round was from Zhonghe Group, and it plans to use the fund to accelerate the construction of its commodity supply chain, intelligent warehousing, logistics systems and terminal stores to improve its service efficiency.
（Top photo from Baidu Image）