Panda Selected is a Beijing-based shared-kitchen company that provides commercial kitchen space and facilities for multiple restaurant brands. It operates roughly 120 locations across China's major cities, including Shanghai, Beijing, Shenzhen and Hangzhou, with kitchens typically about 5,000 square feet and able to host up to 20 restaurants each. The startup works with more than 800 domestic catering brands, including Luckin Coffee, Kungfu and TubeStation. Panda Selected raised $50 million in a Series C and has $80 million in total funding to date. Founder Haipeng Li said the company expects to double its location count over the next eight months. The company was founded roughly three years ago and is competing in China's expanding food-delivery market, which the article notes is worth about $37 billion.

Total raised

$50M

Funding rounds

1

Latest round

Series C

Latest activity

Feb 2019