The Good Stuff Earns 50M USD in a Series B Round with Qiming Venture Partners
Qiming Venture Partners, a reputable venture capital firm, prevailed the in a series B investment round by earning 50 Million USD on the e-commerce platform, The Good Stuff.
The Good Stuff announced that other venture capital firms also took part in this round including Joy Capital, K2VC, Gongqingcheng Jiateng Investment, Zhen Fund and Welight Capital.
Qiming Venture will use the earnings of this round to develop its supply chain and extending its business in other cities.
About The Good Stuff
The Good Stuff is a start-up company based in Beijing, China. The company targets mothers offering them a wide range of products including cosmetics, snacks, cookware and fresh produce. It has reached a gross merchandise volume equivalent to 12 Million USD
The company offers its customers shopping catalogs that uncover high-quality products while using a product identification codes platform – stock keeping unit (SKU). They also offer their customers commissions and discounts for referring their friends and family.
The company announced that it also earned 20 million USD from Joy Capital In January.