19 Feb 2020; Sichuan Baijia Food, a domestic FMCG noodle producer, announced that it has raised 110 million RMB (US$15.6 million) in A round led by Cowin Capital, followed by Qianhai Equity Investment Fund (前海股权投资基金) and Changzhou Bin Fu Modern Service Fund(常州彬复现代服务业基金). Mr. Chen Zhaohui, chairman and president of Baijia Food, said that the company will go to IPO within 3 years.
Baijia Food has 7 product series of traditional instant food, including instant noodles, non-fried instant noodles, instant self-heating . . .
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