Ganji Valuation, Funding & Investors

Ganji is valued at $1.6B as of April 2015.

See full Ganji profile

Last Ganji valuation

$1.6B

Strategic investment · Apr 2015

Last Ganji funding round

$412M

Strategic investment · Apr 2015

Cumulative funding Ganji raised

$612M

across 2 funding rounds

Key investors in Ganji

Ganji Overview

About Ganji

Ganji is a Beijing-headquartered classifieds platform operating as part of 58.com Group following their 2015 merger. The site lists real estate rentals, job postings, used cars, and second-hand goods across 300 Chinese cities including Shanghai, Guangzhou, and Chengdu. Launched in 2005, it attracted 890,000 daily postings by mid-2011 and raised $70 million in Series C funding from Sequoia Capital and Capital Today. Ganji maintains offices in major hubs and focuses on local services like tickets and group buys.


Founded

2005

HQ

ChinaBeijing

Status

Privately held

Customer focus

B2C

Revenue model

Advertising

Valuation

$1.6B (Apr 2015)

Ganji Valuation

Ganji is currently valued at $1.6B, based on its strategic investment round in April 2015.

The $412M round was led by 58.com.

Ganji valuation by funding round

Ganji valuation by funding round
DateStageValuation
Apr 2015Strategic investment$1.6B

Ganji Funding History

Ganji has raised a total of $612M across 2 funding rounds.

Ganji's first fundraising round was a $200M Series F in August 2014. The most recent completed round was a $412M strategic investment round in April 2015.

Ganji funding rounds

Ganji funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Apr 2015Strategic investment58.com (lead)$412M$1.6BGanji.com, a major Chinese online classifieds and local services platform focused on categories like secondhand cars and home services, merged strategically with rival 58.com in April 2015. 58.com acquired a 43.2% fully diluted equity stake in Ganji's holding company, Falcon View Technology Limited, for a combination of approximately 34 million newly issued shares and $412.2 million in cash, implying a full valuation of $1.6 billion as reported in one source. Concurrently, Tencent invested around $400 million in 58.com by purchasing newly issued shares at $52 each, increasing its stake to about 25%. The deal, announced on April 17, 2015, ended a competitive battle in China's classifieds market where 58.com and Ganji held 40.6% and 33.4% market share respectively in local lifestyle in 2014. Post-transaction, 58.com and Ganji continued operating independently under co-CEOs, aiming for cost, revenue, and strategic synergies in the growing online-to-offline (O2O) sector. The merger created a combined entity with a market cap over $10 billion, strengthening their position against competitors like Baixing. Prior to the deal, Ganji had raised nearly $400 million across six financing rounds, including a $200 million round from Tiger Global and Carlyle in August 2014, while 58.com had secured about $150 million since 2005 from investors like SAIF Partners and Warburg Pincus. The transaction highlighted consolidation trends in China's tech industry, similar to Didi-Kuaidi and Youku-Tudou mergers. Ganji's mobile-first approach complemented 58.com's O2O services like cleaning and moving. By September 2017, Ganji became a wholly owned subsidiary of 58.com, with further investments like $300 million raised by 58 Home in November 2015.
Aug 2014Series FCarlyle Group (lead); Tiger Global (lead)$200M-Ganji.com is a Beijing-based Chinese online classifieds service listing information on job recruitment, housing, local services, and more, established in 2005. It completed a US$200 million financing round around August 2014 led by The Carlyle Group and Tiger Global, marking its sixth round of funding. The capital is earmarked for R&D in mobile services, O2O business expansion, capturing more market share in local services, and bolstering marketing and channel management. Founder and CEO Mark Yang announced preparations for an IPO in June 2015, shifting from a previously conservative stance. Ganji reported profits in 2013 and projected a 150% surge in annual revenue for 2014, with job recruitment revenue expected to reach 700-800 million yuan (approximately US$114 million). This reflects strong growth amid intense competition in China's Craigslist-like classifieds market, where over 90% of nearly 200 local listing sites launched between 2009-2012 failed. Ganji emerged as one of the top two survivors alongside 58.com, which IPO'd in the U.S. and raised US$736 million for a 19.5% stake earlier that year. Baixing trails as a distant third, focusing on smaller cities and mobile to sidestep direct rivalry.

Who has invested in Ganji?

3 investors have backed Ganji across its funding rounds, including Tiger Global, Carlyle Group and 58.com.

Lead investors include 58.com, Carlyle Group and Tiger Global.


Ganji Investors

Investors in Ganji by funding rounds participated
InvestorHQRoundsRoleFirst check
Carlyle GroupUnited StatesWashington, DC1LeadAug 2014

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Ganji Competitors

Ganji competitors include listed companies like Baltic Classifieds Group and Vend Marketplaces, and private ones like Whop, Carousell, Zhubajie and DealShare.

Public and private companies comparable to Ganji
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
WhopUnited StatesNew York City, NYPrivate$142M-$1.6B11.3x
CarousellSingaporeSingaporePrivate$50M-$1.1B22.0x
Baltic Classifieds GroupLithuaniaLithuaniaPublicly listed$102M$79M$1.1B10.9x
Vend MarketplacesNorwayNorwayPublicly listed$673M$19M$5.1B7.1x
ZhubajieChinaChongqingPrivate--$1.6B-
DealShareIndiaBangalorePrivate--$1.6B-

Ganji Public Comps

Ganji is still privately-owned, but its public comps include eFinance, GO, CarTrade Tech, ACV Auctions, Liquidity Services, Mony Group, Alma Media, Lime, Ziff Davis and BuySell Technologies.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
eFinance$130M$67M11.8x-22.8x-
GO$266M$49M5.4x5.3x29.4x24.7x
CarTrade Tech$81M$33M17.5x15.6x43.2x43.8x
ACV Auctions$760M($19M)2.3x2.1x(89.6x)24.8x
Liquidity Services$477M$45M2.4x2.4x24.9x14.4x
Mony Group$599M$184M2.3x2.3x7.5x7.1x
Alma Media$377M$110M3.8x3.7x13.1x11.6x
Lime$887M$87M2.2x-22.2x-

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Common questions about Ganji

When was Ganji founded?Ganji was founded in 2005.
Where is Ganji headquartered?Ganji is headquartered in Beijing, China.
Is Ganji publicly listed?No, Ganji is a private, VC-backed company.
What is Ganji's valuation?Ganji was last valued at $1.6B in its strategic investment round in April 2015.
How much funding has Ganji raised?Ganji has raised $612M across 2 funding rounds.
What was Ganji's last funding round?Ganji's last funding round was a $412M strategic investment round in April 2015, led by 58.com.
Who are Ganji's investors?Ganji's investors include Carlyle Group, Tiger Global and 58.com.
Which companies are comparable to Ganji?Companies comparable to Ganji include Whop, Carousell, Baltic Classifieds Group, Vend Marketplaces, Zhubajie and DealShare.

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