Friday, 24 March, 2023

China's SaaS startup Dianxiaomi raises $110M from SoftBank, Sequoia Capital

<p>Dianxiaomi, one of the e-commerce SaaS startups, which is loosely translated as &quot;shop assistant,&quot; has just raised $110M in a Series D fundraising round headed by SoftBank Vision Fund II and Sequoia Capital China. Tiger Global Management, GGV Capital, and Huaxing Growth Capital, among other well-known investors, also took part in the round. With the finance, both the firms, together, have spent $210M in 2022 alone.</p>