Edaixi Valuation, Funding & Investors
Edaixi is valued at $32M as of July 2014.
About Edaixi
Edaixi is a Shanghai-based mobile app delivering O2O laundry services across China since its 2013 launch. Customers book standardized wash-and-fold packages priced at RMB99 per bag through the platform, enabling doorstep pickup, professional cleaning at partner facilities, and same-location delivery within 72 hours. The service targets urban professionals in major cities like Beijing and Guangzhou, integrating with local logistics for efficient operations. Edaixi competed in China's crowded on-demand laundry market alongside rivals such as Zhuan Zhuan and Laundroid during its peak expansion phase.
Founded
1990
HQ
BeijingWebsite
Status
Privately held
Customer focus
B2C
Revenue model
Commission
Valuation
$32M (Jul 2014)
Sectors
Edaixi Valuation
Edaixi is currently valued at $32M, based on its angel round in July 2014.
The $3M round included Tencent.
Edaixi valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Jul 2014 | Angel | $32M |
Edaixi Funding History
Edaixi has raised a total of $123M across 3 funding rounds.
Edaixi's first fundraising round was a $3M angel round in July 2014. The most recent completed round was a $100M Series B in August 2015.
Edaixi funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Aug 2015 | Series B | Baidu (lead); SIG China (SIG Asia Investments) | $100M | - | Edaixi is a Beijing-based online-to-offline laundry service platform founded in 2013. The company's mobile app enables customers to request laundry pickup, washing, and delivery within 72 hours. In August 2015, Edaixi closed its Series B funding round totaling $100 million, led by Baidu with participation from Matrix Partners and SIG China. The exact post-money valuation of the company was not publicly disclosed at the time of the funding announcement. By August 2015, Edaixi was processing over 100,000 orders daily across 16 cities with approximately 5 million customers and commanded an estimated 90 percent market share in the online laundry category across those cities. The company planned to use the Series B proceeds to subsidize customer acquisition, expand its workforce, and scale operations toward coverage of 100 cities across China. This investment aligned with Baidu's broader strategy to expand its O2O business offerings and introduce additional payment solutions to consumers. |
| Aug 2014 | Series A | Baidu (lead); SIG China (SIG Asia Investments) | $20M | - | Edaixi is a Beijing-based online-to-offline (O2O) laundry service provider founded in 2013, offering app-based pickup, washing, and delivery within 72 hours. It operates in multiple cities including Beijing, Shanghai, and Shenzhen, with plans to expand nationwide to 100 cities following new funding. The company reported over 100,000 daily orders and 5 million customers across 16 cities, holding a 90 percent market share in the O2O laundry sector. In its second funding round announced around August 2015, Edaixi raised $100 million led by Baidu, with participation from SIG China and Matrix Partners. Baidu's investment aligns with its strategy to grow O2O services and integrate payment tools. Prior financings included 20 million yuan ($3.2 million) from Tencent in July 2014 and a reported $20 million first-round in November 2014. The fresh capital is earmarked for customer subsidies, talent recruitment including for its 'e-housekeeper' team, and market expansion. The investment positions Baidu to cross-promote its O2O ecosystem through Edaixi's user base amid rising online shopping habits in China. |
| Jul 2014 | Angel | Tencent | $3M | $32M | Edaixi was a Beijing-based on-demand laundry service platform founded in 2013 that allowed users to request pickup, washing, and delivery of laundry within 72 hours via mobile app. The company received a $3.2 million investment from Tencent Holdings in July 2014, at which point it was valued at $32.2 million. By the time of this investment, Edaixi was operating in three major Chinese cities—Beijing, Shanghai, and Shenzhen—and had grown to serve 5 million customers with over 100,000 orders daily across 16 cities, commanding approximately 90 percent market share in the online-to-offline (O2O) laundry business in those markets. The company subsequently raised $100 million in a second funding round that included participation from Baidu, Matrix Partners, and SIG China, with plans to expand nationwide to 100 cities and use the capital for customer subsidies, talent recruitment, and expansion of its service offerings. |
Who has invested in Edaixi?
3 investors have backed Edaixi across its funding rounds, including SIG China (SIG Asia Investments), Baidu and Tencent.
Lead investors include Baidu.
Edaixi Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| Beijing | 2 | Lead | Aug 2014 | |
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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialAcquisitions by Edaixi
Edaixi has acquired 1 company to date.
Last acquisition by Edaixi was on March 12th 2018. Edaixi acquired Green Bag Hotel for $8M.
Latest Acquisitions by Edaixi
| Description | - |
| HQ Country | |
| HQ City | - |
| Deal Date | 12 Mar 2018 |
| Valuation | $8M |
| EV/Revenue | |
| EV/EBITDA | |
This data is available for Pro users. Sign up to see all Edaixi acquisitions and their M&A valuation multiples. Start Free Trial | |
Investments by Edaixi
Edaixi has invested in 3 companies to date.
Latest investment by Edaixi was on August 16th 2017. Edaixi invested in Jonser in their $400K Angel round.
Latest Investments by Edaixi
| Description | - | Beijing Jiashi Wuyou Housekeeping Service Co., Ltd. is a Beijing-based operator of the 51baomu platform for domestic services. It connects employers with nannies, confinement caregivers, childcare aides, and hourly cleaners via PC sites, mobile apps, and WeChat for hiring, interviews, contracts, payments, and feedback. The company runs over 100 chain outlets with trained personnel serving major Chinese cities. | Nainiumama is a Beijing-headquartered operator of digital maternity and parenting platforms in China. The company provides online consultation services, prenatal education courses, and postpartum care tracking apps for expectant mothers. It partners with hospitals in major cities like Shanghai and Guangzhou to offer remote monitoring devices and personalized nutrition plans. Nainiumama's ecosystem includes community forums and e-commerce for baby products tailored to Chinese families. |
| HQ Country | | | |
| HQ City | - | - | Beijing |
| Deal Date | 16 Aug 2017 | 22 Sep 2015 | 1 Sep 2015 |
| Round | Angel | Series A | Angel |
| Raised | $400K | $3M | $600K |
| Investors | - | TRHS; Zhiying Capital; JD Digits | Share VC; Zhiying Capital |
| Valuation | undisclosed | undisclosed | undisclosed |
| EV/Revenue | |||
| EV/EBITDA | |||
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Edaixi Competitors
Edaixi competitors include listed companies like Grupa Klepsydra and HomeMaid, and private ones like Wellist, Emoha Elder Care, Tetra and Freska.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
 Boston, MA | Private | - | - | $33M | - | |
 Haryana | Private | $1M | - | $31M | 30.5x | |
| New York City, NY | Private | - | - | $30M | - | |
 Helsinki | Private | - | - | $29M | - | |
 Poland | Publicly listed | $15M | $2M | $47M | - | |
 Sweden | Publicly listed | $61M | $7M | $56M | 0.9x |
Edaixi Public Comps
Edaixi is still privately-owned, but its public comps include Grupa Klepsydra, K2 LT, HomeMaid, Angi, Carriage Services, Service Corporation International and Rollins.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $15M | $2M | 3.4x | - | 22.7x | - | |||
| - | - | - | - | - | - | |||
| $61M | $7M | 1.1x | 0.9x | 8.9x | 8.6x | |||
| $1B | $114M | 0.4x | 0.4x | 3.7x | 3.6x | |||
| $417M | $124M | 2.5x | 2.4x | 8.3x | 7.7x | |||
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Common questions about Edaixi
| When was Edaixi founded? | Edaixi was founded in 1990. |
| Where is Edaixi headquartered? | Edaixi is headquartered in Beijing, China. |
| Is Edaixi publicly listed? | No, Edaixi is a private, VC-backed company. |
| What is Edaixi's valuation? | Edaixi was last valued at $32M in its angel round in July 2014. |
| How much funding has Edaixi raised? | Edaixi has raised $123M across 3 funding rounds. |
| What was Edaixi's last funding round? | Edaixi's last funding round was a $100M Series B in August 2015, led by Baidu. |
| Who are Edaixi's investors? | Edaixi's investors include Baidu, SIG China (SIG Asia Investments) and Tencent. |
| Which companies are comparable to Edaixi? | Companies comparable to Edaixi include Wellist, Emoha Elder Care, Tetra, Freska, Grupa Klepsydra and HomeMaid. |
| How many companies has Edaixi acquired? | Edaixi has acquired 1 company, including Green Bag Hotel. |
| What was the largest acquisition by Edaixi? | The $8M acquisition of Green Bag Hotel in March 2018 is the largest acquisition Edaixi has made to date. |
| How many companies has Edaixi invested in? | Edaixi has invested in 3 companies, including Jonser, 51baomu and Nainiumama. |
| What was Edaixi's last investment? | In August 2017, Edaixi invested in Jonser's $400K angel round. |
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