51zhaoyou.com Funding, Investors & Competitors

51zhaoyou.com has raised $200M across 3 funding rounds, most recently a $150M Series C in August 2018.

Last 51zhaoyou.com funding round

$150M

Series C · Aug 2018

Cumulative funding 51zhaoyou.com raised

$200M

across 3 funding rounds

Key investors in 51zhaoyou.com

  • Yunqi Partners
  • Sky9 Capital
  • DCM Ventures
  • GGV Capital
  • SIG China (SIG Asia Investments)
  • GLP
  • Oceanpine Capital
  • Huochebang

51zhaoyou.com Overview

About 51zhaoyou.com

51zhaoyou.com is a B2B e-commerce platform for China's petroleum sector, offering fuel trading, logistics, and financial services to major logistics companies and industry participants.


Founded

2015

HQ

ChinaChina

Status

Privately held

Customer focus

B2B

Revenue model

Commission

51zhaoyou.com Funding History

51zhaoyou.com has raised a total of $200M across 3 funding rounds.

51zhaoyou.com's first fundraising round was a $18M Series A in January 2017. The most recent completed round was a $150M Series C in August 2018.

51zhaoyou.com funding rounds

51zhaoyou.com funding rounds
DateStageInvestorsRaisedDeal Summary
Aug 2018Series CGLP (lead); Rainbow Capital (lead); Sky9 Capital; Yunqi Partners; Tide Capital; GGV Capital; Oceanpine Capital; SIG China (SIG Asia Investments); DCM Ventures$150M-
Aug 2017Series BDCM Ventures (lead); Huochebang; Sky9 Capital; Yunqi Partners; GGV Capital$32M51zhaoyou.com is a China-based B2B e-commerce platform specializing in petroleum product trading, specifically dealing in diesel, gasoline, and kerosene. The platform operated as an online information and transaction marketplace for oil and petroleum-related products. In August 2017, the company raised $31.8 million in Series B funding led by DCM Ventures. The round included participation from multiple prominent investors including SIG, GGV Capital, Yunqi Partners, Huochebang (an Uber-like truck logistics startup), Sky9 Capital, and Chuangban Investment. The round took place approximately two years after the company's founding, positioning it as an established player in the Chinese petroleum e-commerce sector. However, specific financial metrics including post-money valuation, revenue, and EBITDA were not disclosed in available public sources.
Jan 2017Series ASky9 Capital (lead); Yunqi Partners; SIG China (SIG Asia Investments)$18M51zhaoyou.com is a B2B petroleum trading platform founded in 2015, offering diesel, gasoline, and kerosene, with services including petroleum trading, logistics, and financial services. The company operates in more than 50 cities across China and had over 300 employees as of 2018. In August 2017, 51zhaoyou.com raised $31.8 million to $32 million in a Series B round led by DCM Ventures, with participation from SIG Asia Investments (Susquehanna Asia Investments), Sky9 Capital, Yunqi Partners, GGV Capital, ChuangPal Capital (Chuangban), and Huochebang. Sky9 Capital was an existing investor from prior rounds. The company recorded revenue of $704 million (RMB4.8 billion) in 2017. It had previously raised an $8 million round in April 2017 from GGV and Chuangban, a $10 million Series A+ in 2016 from Sky9, Yunqi, and SIG, and a $3 million Series A led by SIG. In 2018, it raised a $150 million Series C led by Rainbow Capital and GLP, with participation from Oceanpine Capital, Tide Capital, and existing investors.

Who has invested in 51zhaoyou.com?

10 investors have backed 51zhaoyou.com across its funding rounds, including Yunqi Partners, Sky9 Capital, DCM Ventures, GGV Capital, SIG China (SIG Asia Investments) and GLP.

Lead investors include GLP, Rainbow Capital, DCM Ventures and Sky9 Capital.


51zhaoyou.com Investors

Investors in 51zhaoyou.com by funding rounds participated
InvestorHQRoundsRoleFirst check
Sky9 CapitalChinaShanghai3LeadJan 2017
Yunqi PartnersChinaShanghai3ParticipantJan 2017
GGV CapitalUnited StatesSan Francisco, CA2ParticipantAug 2017
SIG China (SIG Asia Investments)ChinaGuangzhou2ParticipantJan 2017
DCM VenturesUnited StatesSan Francisco, CA2LeadAug 2017
HuochebangChinaGuizhou1ParticipantAug 2017
GLPSingaporeSingapore1LeadAug 2018
Tide CapitalChinaHong Kong1ParticipantAug 2018

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Investments by 51zhaoyou.com

51zhaoyou.com has invested in 1 company to date.

Latest investment by 51zhaoyou.com was on February 9th 2018. 51zhaoyou.com invested in Haogongpin in their $15M Series A round.


Latest Investments by 51zhaoyou.com

Haogongpin
Description
Haogongpin is a B2B e-commerce platform in China specializing in standard mechanical parts such as fasteners and components. The company streamlines procurement by integrating product research and development, selection tools, process design, assembly instructions, manufacturing, sales, and on-site technical support. Headquartered in Shanghai, Haogongpin serves manufacturing industries including automotive and electronics assembly. Its platform facilitates direct ordering and delivery to reduce supply chain barriers for engineers and procurement teams.
HQ CountryChina
HQ City
Hangzhou
Deal Date9 Feb 2018
RoundSeries A
Raised$15M
InvestorsDHVC; Zhaogang.com
Valuationundisclosed
EV/Revenue
EV/EBITDA

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51zhaoyou.com Competitors

51zhaoyou.com competitors include listed companies like Copart and Aramco, and private ones like OfBusiness, Zetwerk, Inxeption and Jusda.

Public and private companies comparable to 51zhaoyou.com
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
OfBusinessIndiaGurgaonPrivate$2.1B-$4B1.9x
ZetwerkIndiaBangalorePrivate$102M$20M$3.1B-
InxeptionUnited StatesUnited StatesPrivate$300M-$3B10.0x
JusdaChinaShenzhenPrivate--$2.5B-
CopartUnited StatesUnited StatesPublicly listed$4.6B$1.9B$27B4.9x
AramcoSaudi ArabiaSaudi ArabiaPublicly listed$446B$213B$1.6T3.7x

51zhaoyou.com Public Comps

51zhaoyou.com is still privately-owned, but its public comps include Aramco, ExxonMobil, Chevron, PetroChina, Shell, TotalEnergies, Reliance Industries, ConocoPhillips, Recruit Holdings and CNOOC.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Aramco$446B$213B3.9x3.7x8.2x7.1x
ExxonMobil$324B$68B2.2x1.8x10.5x8.0x
Chevron$184B$41B2.4x2.0x10.8x7.2x
PetroChina$427B$70B0.8x0.7x4.7x4.4x
Shell$267B$55B1.2x1.0x5.8x4.5x
TotalEnergies$182B$38B1.3x1.2x6.3x5.0x
Reliance Industries$110B$20B1.9x1.7x10.4x10.3x
ConocoPhillips$59B$25B3.0x2.6x7.0x5.8x

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Common questions about 51zhaoyou.com

When was 51zhaoyou.com founded?51zhaoyou.com was founded in 2015.
Where is 51zhaoyou.com headquartered?51zhaoyou.com is headquartered in China.
Is 51zhaoyou.com publicly listed?No, 51zhaoyou.com is a private, VC-backed company.
How much funding has 51zhaoyou.com raised?51zhaoyou.com has raised $200M across 3 funding rounds.
What was 51zhaoyou.com's last funding round?51zhaoyou.com's last funding round was a $150M Series C in August 2018, led by GLP and Rainbow Capital.
Who are 51zhaoyou.com's investors?51zhaoyou.com's investors include Sky9 Capital, Yunqi Partners, GGV Capital, SIG China (SIG Asia Investments), DCM Ventures, Huochebang, GLP, Tide Capital, Oceanpine Capital and Rainbow Capital.
Which companies are comparable to 51zhaoyou.com?Companies comparable to 51zhaoyou.com include OfBusiness, Zetwerk, Inxeption, Jusda, Copart and Aramco.
How many companies has 51zhaoyou.com invested in?51zhaoyou.com has invested in 1 company, including Haogongpin.
What was 51zhaoyou.com's last investment?In February 2018, 51zhaoyou.com invested in Haogongpin's $15M Series A alongside DHVC and Zhaogang.com.

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