iPlas Funding, Investors & Competitors

iPlas has raised $119M across 3 funding rounds, most recently a $20M Series C in November 2018.

See full iPlas profile

Last iPlas funding round

$20M

Series C · Nov 2018

Cumulative funding iPlas raised

$119M

across 3 funding rounds

Key investors in iPlas

  • Co-Stone Venture Capital
  • Hanfor (Beijing) Capital Management
  • Topping Capital
  • IRPC

iPlas Overview

About iPlas

iPlas is a Shanghai-headquartered B2B e-commerce platform for engineering plastics, rubber, and chemicals in China. Launched in 2014 as part of iSuWang Network, it connects over 100,000 registered buyers with 10,000 suppliers for commodities like ABS, PVC, and polyethylene resins. The self-operated marketplace processes transactions exceeding RMB 10 billion annually, expanding into specialty polymers with margins above 15 percent. iPlas operates warehouses in major industrial hubs and offers logistics integration for just-in-time delivery to manufacturers in electronics and automotive sectors.


Founded

2014

HQ

ChinaGuangzhou

Status

Privately held

Customer focus

B2B

Revenue model

Commission

iPlas Funding History

iPlas has raised a total of $119M across 3 funding rounds.

iPlas' first fundraising round was a $47M Series B in August 2015. The most recent completed round was a $20M Series C in November 2018.

iPlas funding rounds

iPlas funding rounds
DateStageInvestorsRaised
Nov 2018Series CIRPC (lead)$20M
Nov 2016Series BHanfor (Beijing) Capital Management; Co-Stone Venture Capital; Topping Capital$51M
Aug 2015Series B-$47M

Who has invested in iPlas?

4 investors have backed iPlas across its funding rounds, including Co-Stone Venture Capital, Hanfor (Beijing) Capital Management, Topping Capital and IRPC.

Lead investors include IRPC.


iPlas Investors

Investors in iPlas by funding rounds participated
InvestorHQRoundsRoleFirst check
IRPCThailandBangkok1LeadNov 2018
Hanfor (Beijing) Capital ManagementChinaBeijing1ParticipantNov 2016

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iPlas Competitors

iPlas competitors include listed companies like Alibaba Group and Linde, and private ones like GrubMarket, CADDi, Jumbotail and Bizongo.

Public and private companies comparable to iPlas
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
GrubMarketUnited StatesSan Francisco, CAPrivate--$3.5B-
CADDiJapanTokyoPrivate--$1.1B-
JumbotailIndiaBangalorePrivate$88M-$1B11.4x
BizongoIndiaMumbaiPrivate$18M-$980M-
Alibaba GroupChinaChinaPublicly listed$153B$15B$266B1.6x
LindeUnited StatesUnited StatesPublicly listed$34B$13B$211B6.6x

iPlas Public Comps

iPlas is still privately-owned, but its public comps include Alibaba Group, Linde, Sherwin-Williams, Ecolab, Carvana, Shin-Etsu, Air Products, Nan Ya Plastics, BASF and SABIC.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Alibaba Group$153B$15B1.7x1.6x17.5x13.0x
Linde$34B$13B6.9x6.6x18.3x16.9x
Sherwin-Williams$24B$4.5B3.9x3.7x20.5x19.1x
Ecolab$16B$3.8B5.3x4.9x22.6x20.0x
Carvana$20B($110M)3.7x2.9x(691.4x)27.7x
Shin-Etsu$17B$5.7B3.6x3.5x10.3x10.1x
Air Products$12B$1.3B6.9x6.6x62.5x15.3x
Nan Ya Plastics$8.2B$986M7.6x6.2x62.8x28.3x

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Common questions about iPlas

When was iPlas founded?iPlas was founded in 2014.
Where is iPlas headquartered?iPlas is headquartered in Guangzhou, China.
Is iPlas publicly listed?No, iPlas is a private, VC-backed company.
How much funding has iPlas raised?iPlas has raised $119M across 3 funding rounds.
What was iPlas' last funding round?iPlas' last funding round was a $20M Series C in November 2018, led by IRPC.
Who are iPlas' investors?iPlas' investors include IRPC, Hanfor (Beijing) Capital Management, Co-Stone Venture Capital and Topping Capital.
Which companies are comparable to iPlas?Companies comparable to iPlas include GrubMarket, CADDi, Jumbotail, Bizongo, Alibaba Group and Linde.

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