Soft drinks brand Genki Forest has secured an undisclosed strategic investment that brings its valuation to $6 billion, per a company statement on Friday.
The new round was co-led by new investors Warburg Pincus and American-French PE firm L Catterton, as well as return backer Sequoia Capital China.
Singapore’s state investment giant Temasek also invested in the latest round along with existing backers like Gaorong Capital and Longfor Capital. TMT-focused venture capital firm Gaorong Capital has made two investments in Genki in 2019 and 2020 respectively, the company said.
With the fresh financing, Genki aims to focus on product innovation and overseas market expansion.
Set up in 2017 in Beijing, Genki Forest has a sugar-free and low-calorie product line.
CHINA DEAL MONITOR
DealStreetAsia has also put together a table listing out all prominent venture capital transactions in the Greater China region on April 08 – 09, 2021.
