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

ChinaBeijing

Website

mryitao.cn

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

Daily Fresh funding rounds
DateStageInvestorsRaisedDeal Summary
Dec 2018Series BVision Plus Capital; SIG China (SIG Asia Investments); DCM Ventures$100MDaily 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 2018Series ADCM 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

Investors in Daily Fresh by funding rounds participated
InvestorHQRoundsRoleFirst check
SIG China (SIG Asia Investments)ChinaGuangzhou2ParticipantJul 2018
DCM VenturesUnited StatesSan Francisco, CA2LeadJul 2018

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Daily Fresh Competitors

Daily Fresh competitors include listed companies like Uber, Prosus, DoorDash and Meituan, and private ones like Gopuff and Kitopi.

Public and private companies comparable to Daily Fresh
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
GopuffUnited StatesPhiladelphia, PAPrivate$1B-$8.5B-
KitopiUAEDubaiPrivate--$1.6B-
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
MeituanChinaChinaPublicly listed$54B($2.2B)$57B0.8x

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 FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Meta$201B$104B8.8x7.4x17.0x12.7x
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
Airbnb$12B$2.4B7.2x6.5x36.3x18.2x
Prosus$9.7B$1.1B9.1x8.0x83.8x123.7x
DoorDash$14B$1.5B6.0x4.9x55.8x23.7x
Carvana$20B($110M)3.7x2.9x(691.4x)27.7x

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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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