Chinese food delivery robot maker PuduTech bags funding from Sequoia, Meituan, others

Shenzhen-headquartered Chinese food delivery robot maker Pudu Technology Inc (PuduTech) has closed its Series C round of financing at 500 million yuan ($78 million), according to a company statement on Tuesday. 

The latest round attracted an undisclosed strategic investor while return backers, Sequoia Capital China and Chinese consumer product and retail service giant Meituan, made a follow-on investment. 

Meituan had initially invested over 100 million yuan in July last year in the company’s Series B round. The following month, Meituan had participated in a similar-sized Series B+ round led by Sequoia Capital China. 

With the fresh capital, PuduTech aims to advance its technology innovation, pipeline product matrix, usage scenario analysis and market development. 

The five-year-old PuduTech, which develops indoor smart delivery robots, leverages computer vision, autonomous positioning navigation, and motion control. Its flagship products like BellaBot, HolaBot and PuduBot cater to sectors such as restaurants, hotels, hospitals, office buildings, among others. 

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