A Chinese investment firm has invested in Shake Shake, a food-service startup that was spun off from a local chain of chains in the U.S. The startup, which operates in the Philippines, China and India, has raised about $6 million in funding, according to a company blog post.
The company is now looking to expand in Asia and is working on launching a franchise in Singapore.
The blog post said the investors were based in Shanghai, Hong Kong and Shanghai, and that the venture will have its headquarters in Hong Kong.
Shake Shake is currently in closed beta.
The new investors have pledged to raise $6m from the new investors in the next three years.
In May, Shake Shake raised $9.6 million from China-based online payments company Baidu.