Dailuobo Funding, Investors & Competitors

Dailuobo has raised $102M across 2 funding rounds, most recently a $92M Series A in June 2019.

Last Dailuobo funding round

$92M

Series A · Jun 2019

Cumulative funding Dailuobo raised

$102M

across 2 funding rounds

Key investors in Dailuobo

  • Hillhouse Investment

Dailuobo Overview

About Dailuobo

Beijing-based Dailuobo is a Chinese e-commerce platform focused on online-to-offline sales of fresh agricultural products like fruits, vegetables, and daily necessities. It connects farmers directly with urban consumers through mobile apps and local pickup points. Launched in 2015, the platform operates in multiple provinces, emphasizing rapid delivery and quality control for high-frequency purchases.


Founded

2017

HQ

ChinaHefei

Status

Privately held

Customer focus

B2C

Revenue model

Product sales

Dailuobo Funding History

Dailuobo has raised a total of $102M across 2 funding rounds.

Dailuobo's first fundraising round was a $10M angel round in August 2018. The most recent completed round was a $92M Series A in June 2019.

Dailuobo funding rounds

Dailuobo funding rounds
DateStageInvestorsRaisedDeal Summary
Jun 2019Series AHillhouse Investment (lead)$92MDailuobo, an online-to-offline grocery platform operating a 'today's order, tomorrow's take' model with stores in densely populated communities, raised approximately $92.33 million (CNY 634 million) in a Series A round on June 28, 2019, led by Hillhouse Investment (Hillhouse Capital Group) and 5Y Capital, with prior angel funding from XVC in 2017. Investors also included Morningside Venture Capital, contributing to a total of about $100 million raised across two equity rounds. The funding aimed to support development in the competitive fresh grocery market amid retail and e-commerce headwinds in China. This round occurred as China's e-commerce sector, representing 23% of retail market share, saw mixed fundraising trends, with deal values declining after peaking in 2018. Dailuobo focused on fresh groceries, similar to competitors like Pupumall's front-warehouse model. Despite the investment, Dailuobo ceased operations within months due to a cash shortage that prevented payments to suppliers and employees, highlighting challenges in the sector.
Aug 2018Angel-$10MDailuobo, a fresh groceries delivery platform founded in 2016, secured an RMB 634 million (USD 92 million) Series A round led by Goachun Capital and Morningside Capital. The company operates a next-day grocery delivery and pick-up model with its own warehousing and logistics network valued at an estimated RMB 100 million (USD 14.55 million). It had opened nearly 1,000 stores in densely populated areas, primarily in top-tier cities, with plans to expand to lower-tier cities. Dailuobo differentiates through quantity-based discounts for grouped orders, batched delivery schedules to stores for customer pick-up, and a Costco-like membership system offering discounts, perks, free gifts, and personalized service for a fee. The platform faced funding crises starting late 2019, with issues including delayed vendor payments, layoffs, store closures, and eventual bankruptcy restructuring in March 2020, leading to cessation of operations in October 2020.

Who has invested in Dailuobo?

1 investor has backed Dailuobo across its funding rounds, including Hillhouse Investment.

Lead investors include Hillhouse Investment.


Dailuobo Investors

Investors in Dailuobo by funding rounds participated
InvestorHQRoundsRoleFirst check

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Dailuobo Competitors

Dailuobo competitors include listed companies like Recruit Holdings, Uber, Prosus and DoorDash, and private ones like Xiaohongshu and OpenSea.

Public and private companies comparable to Dailuobo
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
Recruit HoldingsJapanJapanPublicly listed$24B$4B$156B6.0x
UberUnited StatesUnited StatesPublicly listed$52B$6.2B$145B2.8x
ProsusNetherlandsNetherlandsPublicly listed$9.7B$1.1B$86B8.0x
DoorDashUnited StatesUnited StatesPublicly listed$14B$1.5B$84B4.9x
XiaohongshuChinaShanghaiPrivate--$20B-
OpenSeaUnited StatesNew York City, NYPrivate$873M-$13B15.2x

Dailuobo Public Comps

Dailuobo is still privately-owned, but its public comps include Amazon, Alibaba Group, Recruit Holdings, Uber, Booking Holdings, Pinduoduo, Airbnb, MercadoLibre, Prosus and DoorDash.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Amazon$717B$161B3.9x3.5x17.5x13.8x
Alibaba Group$153B$15B1.7x1.6x17.5x13.0x
Recruit Holdings$24B$4B6.4x6.0x37.9x25.2x
Uber$52B$6.2B3.0x2.8x24.9x14.6x
Booking Holdings$27B$8.3B4.9x4.6x15.9x12.4x
Pinduoduo$64B$14B0.7x0.7x3.1x2.8x
Airbnb$12B$2.4B7.2x6.5x36.3x18.2x
MercadoLibre$29B$3.7B3.5x2.6x27.2x25.1x

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Common questions about Dailuobo

When was Dailuobo founded?Dailuobo was founded in 2017.
Where is Dailuobo headquartered?Dailuobo is headquartered in Hefei, China.
Is Dailuobo publicly listed?No, Dailuobo is a private, VC-backed company.
How much funding has Dailuobo raised?Dailuobo has raised $102M across 2 funding rounds.
What was Dailuobo's last funding round?Dailuobo's last funding round was a $92M Series A in June 2019, led by Hillhouse Investment.
Who are Dailuobo's investors?Dailuobo's investors include Hillhouse Investment.
Which companies are comparable to Dailuobo?Companies comparable to Dailuobo include Recruit Holdings, Uber, Prosus, DoorDash, Xiaohongshu and OpenSea.

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