58 Daojia Valuation, Funding & Investors

58 Daojia is valued at $1B as of October 2015.

Last 58 Daojia valuation

$1B

Series A · Oct 2015

Last 58 Daojia funding round

$300M

Series A · Oct 2015

Cumulative funding 58 Daojia raised

$300M

across 1 funding round

Key investors in 58 Daojia

58 Daojia Overview

About 58 Daojia

58 Daojia, also known as 58 Home, is a Chinese local-services platform developed within the 58.com group. Its services connect consumers with independent providers of household and personal services, including cleaning, moving, babysitting and beauty care. The platform uses location-based order processing to match users with nearby service providers. It began operating in 2014 and had expanded to approximately thirty Chinese cities by October 2015. The business serves individual consumers seeking offline services and the providers seeking access to those customers, earning revenue through its commercial service-platform activities. In 2015 it agreed to a USD300 million Series A financing from Alibaba, KKR and Ping An. The transaction completed in November 2015, with 58.com retaining a majority equity interest while substantive investor rights resulted in deconsolidation for accounting purposes. This profile concerns the original 58 Daojia group at the financing date; later reorganisations separated home-services and freight businesses into subsidiaries.


Founded

2014

HQ

ChinaChina

Website

daojia.com

Status

Privately held

Customer focus

B2C

Revenue model

Commission

Valuation

$1B (Oct 2015)

58 Daojia Valuation

58 Daojia is currently valued at $1B, based on its Series A in October 2015.

The $300M round included Ping An, KKR and Alibaba Group.

58 Daojia valuation by funding round

58 Daojia valuation by funding round
DateStageValuation
Oct 2015Series A$1B

58 Daojia Funding History

58 Daojia has raised a total of $300M across 1 funding round.

58 Daojia funding rounds

58 Daojia funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Oct 2015Series APing An; KKR; Alibaba Group$300M$1B58 Daojia, known as 58 Home, is the on-demand service subsidiary of 58.com, China's largest online marketplace for local services, connecting users to home services like housekeeping, manicures, car washing, and babysitting across over 30 cities. Launched in September 2014, it operates as an O2O platform matching consumers with local service providers. On October 12, 2015, it raised $300 million in a Series A funding round from Alibaba Group, KKR, and Ping An Group. 58.com retained majority ownership post-round. The investment valued 58 Daojia at $1 billion, with funds allocated to marketing, R&D, and operational enhancements to expand its platform and market share in China's burgeoning O2O home services sector. CEO Xiaohua Chen highlighted rapid growth in orders and merchants, emphasizing strategies to lower user acquisition costs and boost repeat business. Chairman Michael Jinbo Yao noted the untapped potential from China's 300 million digitally literate middle-class consumers needing reliable home services. This round positioned 58 Daojia amid intense competition in O2O, facing rivals like eJiajie, Ayibang, Helijia, and Chediandian, while 58.com invested $1.5 billion in related startups for synergy. It exemplified market dynamics between Alibaba and Tencent-backed players, following mergers like Didi-Kuaidi and Meituan-Dianping.

Who has invested in 58 Daojia?

3 investors have backed 58 Daojia across its funding rounds, including KKR, Alibaba Group and Ping An.


58 Daojia Investors

Investors in 58 Daojia by funding rounds participated
InvestorHQRoundsRoleFirst check
Ping AnChinaShenzhen1ParticipantOct 2015

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Acquisitions by 58 Daojia

58 Daojia has acquired 1 company to date.

Last acquisition by 58 Daojia was on February 17th 2016. 58 Daojia acquired dudumeijia.com for undisclosed valuation.


Latest Acquisitions by 58 Daojia

dudumeijia.com
Description
Dudumeijia.com is a Beijing-based O2O platform delivering on-demand manicure and nail art services to urban consumers in China. Operating through its mobile app, the service dispatches certified technicians for at-home or salon visits within 30 minutes in cities like Shanghai and Guangzhou. Launched in 2018, Dudumeijia.com features over 5,000 beauty professionals and a product marketplace for polishes and tools. The platform uses GPS matching and real-time booking to serve busy professionals, with expansion into pedicures and makeup.
HQ CountryChina
HQ City
Beijing
Deal Date17 Feb 2016
Valuationundisclosed
EV/Revenue
EV/EBITDA

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Investments by 58 Daojia

58 Daojia has invested in 5 companies to date.

Latest investment by 58 Daojia was on July 13th 2018. 58 Daojia invested in Gogox Holdings in their $250M Series D round.


Latest Investments by 58 Daojia

Gogox Holdings
Investee A (make-up services)
Investee B
Diandao
Description
Gogox Holdings Ltd is an online platform for intra-city logistics services in Asia. The company operates two brands in this space, namely Kuaigou Dache in mainland China and GOGOX in other Asian countries and regions. The company's reportable segments are divided into Chinese mainland operations, and Hong Kong and overseas operations. The group operates in over 370 cities across six countries and regions including the Chinese mainland, Hong Kong, Singapore, South Korea, India, and Vietnam.
Investee A was a Chinese company providing make-up services. It supplied personal beauty services directly to consumers. Service appointments and related customer purchases generated revenue. 58 Daojia acquired shares in the company during 2015. The investee’s legal name, website and exact ownership percentage were not disclosed in the reviewed filing. This descriptive identity separates it from the second unnamed healthcare-services investee. This profile follows the historical business perimeter evidenced for the transaction and excludes the seller's wider corporate group, unrelated namesakes and product lines absent from the cited record. Its commercial role was to supply the stated products, services or investment ownership to the identified customer base and counterparties during the period covered by the transaction.
Investee B was a Chinese company providing healthcare services. It served consumers seeking health-related appointments or assistance. Service fees generated its operating revenue. 58 Daojia acquired shares in the company during 2015. The investee’s legal name, website, medical specialty and exact ownership percentage were not disclosed in the reviewed filing. This descriptive identity keeps it separate from the unnamed make-up services investment. This profile follows the historical business perimeter evidenced for the transaction and excludes the seller's wider corporate group, unrelated namesakes and product lines absent from the cited record. Its commercial role was to supply the stated products, services or investment ownership to the identified customer base and counterparties during the period covered by the transaction.
Diandao is a Beijing-based on-demand wellness service platform dispatching certified massage therapists to homes and offices in Beijing and Shanghai. Available 24/7, sessions cover Swedish, deep tissue, and tuina techniques using organic oils. The app verifies practitioner credentials and enables real-time booking with post-session feedback ratings.
HQ CountryHong KongChinaChinaChina
HQ City
Hong Kong
-
-
Beijing
Deal Date13 Jul 201831 Dec 201531 Dec 201524 Apr 2015
RoundSeries DStrategic investmentStrategic investmentSeries A
Raised$250Mundisclosedundisclosed$5M
InvestorsHONGRUNZIBEN; Russia-China Investment Fund; InnoVision Capital; Cainiao Logistics; Qianhai Fund of Funds--Banyan Capital Partners
Valuation$1Bundisclosedundisclosedundisclosed
EV/Revenue
EV/EBITDA

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58 Daojia Competitors

58 Daojia competitors include listed companies like QuinStreet and BuySell Technologies, and private ones like Benlai, Facily, LINE MAN Wongnai and MadeiraMadeira.

Public and private companies comparable to 58 Daojia
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
BenlaiChinaBeijingPrivate--$1B-
FacilyBrazilSão PauloPrivate--$1B-
LINE MAN WongnaiThailandBangkokPrivate--$1B-
MadeiraMadeiraBrazilCuritibaPrivate--$1B-
QuinStreetUnited StatesUnited StatesPublicly listed$1.3B$61M$1B0.7x
BuySell TechnologiesJapanJapanPublicly listed$638M$69M$981M1.2x

58 Daojia Public Comps

58 Daojia is still privately-owned, but its public comps include QuinStreet, BuySell Technologies, Baltic Classifieds Group, Grupa Pracuj, Yelp, SMZDM.com, ATRenew, Nextdoor, EverQuote and CarTrade Tech.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
QuinStreet$1.3B$61M0.7x0.7x15.6x7.5x
BuySell Technologies$638M$69M1.6x1.2x14.3x9.9x
Baltic Classifieds Group$99M$76M11.1x10.5x14.4x13.7x
Grupa Pracuj$206M$91M4.4x4.1x10.0x9.2x
Yelp$1.5B$251M0.7x0.7x4.2x3.2x
SMZDM.com$194M$20M3.8x3.5x37.5x31.9x
ATRenew$3.2B$85M0.2x0.2x8.1x6.0x
Nextdoor$258M($69M)2.0x1.8x(7.4x)20.1x

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Common questions about 58 Daojia

When was 58 Daojia founded?58 Daojia was founded in 2014.
Where is 58 Daojia headquartered?58 Daojia is headquartered in China.
Is 58 Daojia publicly listed?No, 58 Daojia is a private, VC-backed company.
What is 58 Daojia's valuation?58 Daojia was last valued at $1B in its Series A in October 2015.
How much funding has 58 Daojia raised?58 Daojia has raised $300M across 1 funding round.
What was 58 Daojia's last funding round?58 Daojia's last funding round was a $300M Series A in October 2015.
Who are 58 Daojia's investors?58 Daojia's investors include Ping An, KKR and Alibaba Group.
Which companies are comparable to 58 Daojia?Companies comparable to 58 Daojia include Benlai, Facily, LINE MAN Wongnai, MadeiraMadeira, QuinStreet and BuySell Technologies.
How many companies has 58 Daojia acquired?58 Daojia has acquired 1 company, including dudumeijia.com.
How many companies has 58 Daojia invested in?58 Daojia has invested in 5 companies, including Gogox Holdings, Investee A (make-up services), Investee B, Diandao and Meidaojia.
What was 58 Daojia's last investment?In July 2018, 58 Daojia invested in Gogox Holdings' $250M Series D alongside HONGRUNZIBEN, Russia-China Investment Fund, InnoVision Capital and 2 other investors.

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