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- Daily Fresh
Daily Fresh Funding, Investors & Competitors
Daily Fresh has raised $130M across 2 funding rounds, most recently a $100M Series B in December 2018.
Last Daily Fresh funding round
$100M
Series B · Dec 2018
Cumulative funding Daily Fresh raised
$130M
across 2 funding rounds
Key investors in Daily Fresh
DCM Ventures
SIG China (SIG Asia Investments)
Vision Plus Capital
Welight Capital
Daily Fresh Overview
About Daily Fresh
Daily Fresh, operating as Meiri Yitao, runs a social commerce platform for fresh produce in China via www.mryitao.cn. Backed by MissFresh, it links farmers, suppliers, and buyers for fruits, vegetables, seafood, and meats through group buying and live streaming. Beijing-headquartered, the app covers major cities with same-day delivery.
Founded
2018
HQ
Website
Status
Privately held
Customer focus
B2C
Revenue model
Product sales
Daily Fresh Funding History
Daily Fresh has raised a total of $130M across 2 funding rounds.
Daily Fresh's first fundraising round was a $30M Series A in July 2018. The most recent completed round was a $100M Series B in December 2018.
Daily Fresh funding rounds
| Date | Stage | Investors | Raised | Deal Summary |
|---|---|---|---|---|
| Dec 2018 | Series B | Vision Plus Capital; SIG China (SIG Asia Investments); DCM Ventures | $100M | Daily Fresh operates as Fresh Buddy (Meiri Yitao), a Chinese social e-commerce app targeting small-town consumers with fresh produce like vegetables and fruits, using a multilevel revenue-sharing scheme where users earn cash rewards for referring others. It is an incubated project of Miss Fresh (Meiri Youxian), a Tencent-backed service dominant among China's online fresh produce shoppers. Fresh Buddy launched in April 2018 and raised a $30M Series A led by DCM Ventures in July 2018, followed by the $100M Series B on December 11, 2018, led by Genesis Capital with participation from SIG China, DCM Ventures, and Vision Plus Capital; China Renaissance advised. Zeng Bin, founder and president of Miss Fresh, holds 40.79% of Fresh Buddy, while Miss Fresh owns 11.8%. The Series B funds are allocated to strengthen supply chain and logistics. Fresh Buddy differentiates from Miss Fresh by focusing on smaller cities with its social commerce model amid competition in China's e-commerce sector from giants like Alibaba and JD.com. |
| Jul 2018 | Series A | DCM Ventures (lead); Welight Capital; SIG China (SIG Asia Investments) | $30M | - |
Who has invested in Daily Fresh?
4 investors have backed Daily Fresh across its funding rounds, including DCM Ventures, SIG China (SIG Asia Investments), Vision Plus Capital and Welight Capital.
Lead investors include DCM Ventures.
Daily Fresh Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 2 | Participant | Jul 2018 | ||
| 2 | Lead | Jul 2018 | ||
This data is available for Pro users. Sign up to see all 4 Daily Fresh investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialDaily Fresh Competitors
Daily Fresh competitors include listed companies like Uber, Prosus, DoorDash and Meituan, and private ones like Gopuff and Kitopi.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | $1B | - | $8.5B | - | ||
| Private | - | - | $1.6B | - | ||
| Publicly listed | $52B | $6.2B | $145B | 2.8x | ||
| Publicly listed | $9.7B | $1.1B | $86B | 8.0x | ||
| Publicly listed | $14B | $1.5B | $84B | 4.9x | ||
| Publicly listed | $54B | ($2.2B) | $57B | 0.8x |
Daily Fresh Public Comps
Daily Fresh is still privately-owned, but its public comps include Meta, Recruit Holdings, Uber, Booking Holdings, Airbnb, Prosus, DoorDash, Carvana, Meituan and Rocket Companies.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $201B | $104B | 8.8x | 7.4x | 17.0x | 12.7x | |||
| $24B | $4B | 6.4x | 6.0x | 37.9x | 25.2x | |||
| $52B | $6.2B | 3.0x | 2.8x | 24.9x | 14.6x | |||
| $27B | $8.3B | 4.9x | 4.6x | 15.9x | 12.4x | |||
| $12B | $2.4B | 7.2x | 6.5x | 36.3x | 18.2x | |||
| $9.7B | $1.1B | 9.1x | 8.0x | 83.8x | 123.7x | |||
| $14B | $1.5B | 6.0x | 4.9x | 55.8x | 23.7x | |||
| $20B | ($110M) | 3.7x | 2.9x | (691.4x) | 27.7x | |||
This data is available for Pro users. Sign up to see all Daily Fresh competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Daily Fresh
| When was Daily Fresh founded? | Daily Fresh was founded in 2018. |
| Where is Daily Fresh headquartered? | Daily Fresh is headquartered in Beijing, China. |
| Is Daily Fresh publicly listed? | No, Daily Fresh is a private, VC-backed company. |
| How much funding has Daily Fresh raised? | Daily Fresh has raised $130M across 2 funding rounds. |
| What was Daily Fresh's last funding round? | Daily Fresh's last funding round was a $100M Series B in December 2018. |
| Who are Daily Fresh's investors? | Daily Fresh's investors include SIG China (SIG Asia Investments), DCM Ventures, Welight Capital and Vision Plus Capital. |
| Which companies are comparable to Daily Fresh? | Companies comparable to Daily Fresh include Gopuff, Kitopi, Uber, Prosus, DoorDash and Meituan. |
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