Mancando Funding, Investors & Competitors

Mancando has raised $114M across 4 funding rounds, most recently a $57M Series B in June 2020.

Last Mancando funding round

$57M

Series B · Jun 2020

Cumulative funding Mancando raised

$114M

across 4 funding rounds

Key investors in Mancando

  • Legend Capital
  • Eastern Bell Capital
  • Galaxy Capital
  • Oriza Fund of Funds
  • Xianghe Capital
  • Huasheng Capital

Mancando Overview

About Mancando

Mancando is a Guangzhou-headquartered e-commerce platform launched in 2015 that supplies automotive aftermarket parts including brake pads, filters, and belts to repair shops across China. The company connects over 10,000 suppliers with 500,000 registered mechanics via its app, offering same-day delivery in Guangdong province. Mancando processes 1 million orders annually through its inventory management system integrated with WeChat Pay.


Founded

2015

HQ

ChinaGuangzhou

Status

Privately held

Customer focus

B2B

Revenue model

Commission

Mancando Funding History

Mancando has raised a total of $114M across 4 funding rounds.

Mancando's first fundraising round was a $5M Series A in June 2018. The most recent completed round was a $57M Series B in June 2020.

Mancando funding rounds

Mancando funding rounds
DateStageInvestorsRaised
Jun 2020Series BHuasheng Capital (lead); Xianghe Capital; Oriza Fund of Funds$57M
Sep 2019Series ALegend Capital (lead); Galaxy Capital; Oriza Fund of Funds; Eastern Bell Capital$28M
Feb 2019Series AEastern Bell Capital (lead); Legend Capital$25M
Jun 2018Series AGalaxy Capital (lead)$5M

Who has invested in Mancando?

6 investors have backed Mancando across its funding rounds, including Legend Capital, Eastern Bell Capital, Galaxy Capital, Oriza Fund of Funds, Xianghe Capital and Huasheng Capital.

Lead investors include Huasheng Capital, Legend Capital, Eastern Bell Capital and Galaxy Capital.


Mancando Investors

Investors in Mancando by funding rounds participated
InvestorHQRoundsRoleFirst check
Galaxy CapitalChinaShenzhen2LeadJun 2018
Oriza Fund of FundsChinaSuzhou2ParticipantSep 2019
Legend CapitalChinaBeijing2LeadFeb 2019
Eastern Bell CapitalChinaShanghai2LeadFeb 2019

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Mancando Competitors

Mancando competitors include listed companies like Alibaba Group and Eaton, and private ones like Dutchie, GrubMarket, Infra.Market and Moglix.

Public and private companies comparable to Mancando
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
Alibaba GroupChinaChinaPublicly listed$153B$15B$266B1.6x
DutchieUnited StatesBend, ORPrivate$45M-$3.8B83.3x
GrubMarketUnited StatesSan Francisco, CAPrivate--$3.5B-
Infra.MarketIndiaMumbaiPrivate$1B-$2.8B-
MoglixSingaporeSingaporePrivate--$2.5B-
EatonUnited StatesUnited StatesPublicly listed$27B$6.2B$159B5.7x

Mancando Public Comps

Mancando is still privately-owned, but its public comps include Alibaba Group, Eaton, Mitsubishi, Illinois Tool Works, Carvana, Mahindra & Mahindra, Heico, Denso, Bridgestone and Michelin.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Alibaba Group$153B$15B1.7x1.6x17.5x13.0x
Eaton$27B$6.2B6.5x5.7x29.1x24.2x
Mitsubishi$122B$8.7B1.2x1.2x17.2x21.8x
Illinois Tool Works$16B$4.6B5.3x5.1x18.4x17.6x
Carvana$20B($110M)3.7x2.9x(691.4x)27.7x
Mahindra & Mahindra$20B$4.1B2.4x3.0x11.9x21.7x
Heico$4.5B$1.2B8.5x7.2x31.2x25.2x
Denso$48B$6.1B0.7x0.7x5.2x5.5x

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Common questions about Mancando

When was Mancando founded?Mancando was founded in 2015.
Where is Mancando headquartered?Mancando is headquartered in Guangzhou, China.
Is Mancando publicly listed?No, Mancando is a private, VC-backed company.
How much funding has Mancando raised?Mancando has raised $114M across 4 funding rounds.
What was Mancando's last funding round?Mancando's last funding round was a $57M Series B in June 2020, led by Huasheng Capital.
Who are Mancando's investors?Mancando's investors include Galaxy Capital, Oriza Fund of Funds, Legend Capital, Eastern Bell Capital, Xianghe Capital and Huasheng Capital.
Which companies are comparable to Mancando?Companies comparable to Mancando include Alibaba Group, Dutchie, GrubMarket, Infra.Market, Moglix and Eaton.

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