- Companies
- 6 Tea
Last 6 Tea valuation
$1.3B
Seed · Jul 2019
Last 6 Tea funding round
$3M
Seed · Jul 2019
Cumulative funding 6 Tea raised
$17M
across 3 funding rounds
Key investors in 6 Tea
6 Tea Overview
About 6 Tea
6 Tea is a Beijing-based online platform pioneering tea room sharing in China. Launched to propagate millennial tea culture, it connects tea enterprises with consumers by facilitating space and product resource sharing. The service enables novel marketing channels for tea businesses through cultural events, virtual rooms, and community-driven dissemination across major cities.
Founded
2017
HQ
Website
Status
Privately held
Customer focus
B2B & B2C
Revenue model
Commission
Valuation
$1.3B (Jul 2019)
6 Tea Valuation
6 Tea is currently valued at $1.3B, based on its seed round in July 2019.
6 Tea valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Jul 2019 | Seed | $1.3B |
6 Tea Funding History
6 Tea has raised a total of $17M across 3 funding rounds.
6 Tea's first fundraising round was a $400K pre-seed round in March 2018. The most recent completed round was a $3M seed round in July 2019.
6 Tea funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Jul 2019 | Seed | - | $3M | $1.3B | Heytea, also known as 6 Tea, is a Chinese teashop chain founded in 2012 and operated by Shenzhen Meixixi Catering Management. The company had expanded to 390 outlets across 43 Chinese cities by the end of 2019, opening 227 stores that year, and grew its official miniapp user base to 21.5 million. In July 2019, Tencent Holdings and Sequoia Capital China led a funding round that valued Heytea at CNY9 billion post-money. This valuation represented significant growth in the burgeoning Chinese teashop market, positioning Heytea against competitors like Nayuki Tea, which later pursued a USD400 million US IPO, and Luckin Tea, a Starbucks rival spin-off. |
| Jun 2019 | Series A | Forty-nine union (lead) | $14M | - | - |
| Mar 2018 | Pre-seed | - | $400K | - | - |
Who has invested in 6 Tea?
1 investor has backed 6 Tea across its funding rounds, including Forty-nine union.
Lead investors include Forty-nine union.
6 Tea Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
This data is available for Pro users. Sign up to see all 1 6 Tea investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free Trial6 Tea Competitors
6 Tea competitors include listed companies like Alma Media, Mony Group and Izumi Co, and private ones like Clipboard Health, Bucketplace and Papa.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $1.3B | - | ||
| Publicly listed | $377M | $110M | $1.3B | 3.7x | ||
| Publicly listed | $599M | $184M | $1.3B | 2.3x | ||
| Publicly listed | $3.7B | $300M | $1.4B | 0.6x | ||
| Private | $181M | - | $1.4B | 7.7x | ||
| Private | - | - | $1.4B | - |
6 Tea Public Comps
6 Tea is still privately-owned, but its public comps include Bega Cheese, Alma Media, Flowers Foods, Podravka, Mony Group, Utz Brands, Seneca Foods, Izumi Co, Aker BioMarine and AIR Global.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $2.7B | $143M | 0.6x | 0.6x | 10.8x | 9.4x | |||
| $377M | $110M | 3.8x | 3.7x | 13.1x | 11.6x | |||
| $5.3B | $359M | 0.6x | 0.6x | 9.0x | 6.7x | |||
| $1.2B | $260M | 1.5x | 1.4x | 6.6x | 8.4x | |||
| $599M | $184M | 2.3x | 2.3x | 7.5x | 7.1x | |||
| $1.4B | $124M | 2.0x | 1.9x | 23.1x | 12.6x | |||
| $1.7B | $211M | 0.8x | 0.8x | 6.6x | 7.3x | |||
| $3.7B | $300M | 0.6x | 0.6x | 6.9x | 6.8x | |||
This data is available for Pro users. Sign up to see all 6 Tea competitors and their valuation data. Start Free Trial | ||||||||
Common questions about 6 Tea
| When was 6 Tea founded? | 6 Tea was founded in 2017. |
| Where is 6 Tea headquartered? | 6 Tea is headquartered in China. |
| Is 6 Tea publicly listed? | No, 6 Tea is a private, VC-backed company. |
| What is 6 Tea's valuation? | 6 Tea was last valued at $1.3B in its seed round in July 2019. |
| How much funding has 6 Tea raised? | 6 Tea has raised $17M across 3 funding rounds. |
| What was 6 Tea's last funding round? | 6 Tea's last funding round was a $3M seed round in July 2019. |
| Who are 6 Tea's investors? | 6 Tea's investors include Forty-nine union. |
| Which companies are comparable to 6 Tea? | Companies comparable to 6 Tea include Clipboard Health, Alma Media, Mony Group, Izumi Co, Bucketplace and Papa. |
See companies similar to 6 Tea
Start Your
Free Trial Today
Try Multiples for free for 3 days. Got questions or need a demo? Schedule a call with us below.




