Tailory Food raises 116M yuan in New Third Board placement

What's the deal? Tailory FoodDealroom has a profile for this one. Try Dealroom →, a Chinese developer of drink ingredients and ready-to-drink beverages, has raised 116,000,000 yuan (about $17.2 million) in a private placement on China's New Third Board.

Who's backing it? The round drew Guanya Investment, Mingyao CapitalDealroom has a profile for this one. Try Dealroom →, Shenzhen GuaranteeDealroom has a profile for this one. Try Dealroom → Group, and Zhongsheng Huiyin Investment.

What does it do? The company targets two core beverage markets: made-to-order drinks and ready-to-drink products. Its range covers freshly brewed tea bases, herbal drinks, fruit juices and jams, NFC juices, and frozen fruit pulp.

The signal: Capital continues to flow into China's beverage supply chain, where suppliers of tea bases and fruit-based ingredients feed a fast-growing made-to-order drinks market.

Image credit: ljguitar

Read more: ITjuzi