Fruit Tea Drink Brand Sweet7 Nabs CNY 150 Million in Series A Round
The fruit tea drink chain brand Sweet7 completed CNY 150 million of A round of financing, led by Shunwei Capital, followed by Insight Fund. Most of the products are priced between CNY 15 and CNY 25 per cup. At present, there are more than 800 offline stores, mainly in East China, such as Shanghai and Jiangsu. The fundraising will be mainly used for store expansion, supply chain and digital upgrades, and brand promotion.