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- Meiliche
Meiliche Funding, Investors & Competitors
Meiliche has raised $195M across 3 funding rounds, most recently a $38M Series B in April 2018.
Last Meiliche funding round
$38M
Series B · Apr 2018
Cumulative funding Meiliche raised
$195M
across 3 funding rounds
Key investors in Meiliche
Wacai.com
BAI capital
CE Innovation Capital
Delta Capital
GX Capital
Taihe Capital
New Hope Corp
Harmony Riverside
Meiliche Overview
About Meiliche
Meiliche is a Beijing-headquartered automotive finance platform spun out from Meili in 2016, focusing on secondhand car loans and services. Operating via mljr.com, it connects buyers, sellers, and financiers for transactions across China. The company processes billions in loans yearly, partnering with platforms like Guazi for used vehicle financing.
Founded
2014
HQ
Website
Status
Privately held
Customer focus
B2B & B2C
Revenue model
Usage-based, Subscription
Meiliche Funding History
Meiliche has raised a total of $195M across 3 funding rounds.
Meiliche's first fundraising round was a $65M Series A in January 2015. The most recent completed round was a $38M Series B in April 2018.
Meiliche funding rounds
| Date | Stage | Investors | Raised | Deal Summary |
|---|---|---|---|---|
| Apr 2018 | Series B | Harmony Riverside; CE Innovation Capital; Delta Capital; Taihe Capital | $38M | - |
| Jan 2018 | Series B | New Hope Corp (lead); Wacai.com | $92M | Meiliche Financial, a China-based automotive financial services provider and spinout of online lender Meili Financial, raised $92 million in a Series B round on or around January 31, 2018, led by New Hope Group with participation from Wacai. The company focuses on the second-hand vehicle market, offering instalment payment options and car insurance, and operates in 330 Chinese cities. It had supplied roughly $3 billion in instalment loans for vehicle purchases by that time, though this represents loan volume, not revenue. Proceeds were intended for expanding market share, recruitment, and enhancing its risk assessment system. New Hope Group's vice-president Zhang Minggui expressed optimism about the travelling market amid consumer upgrades. This followed Meili Financial's $65 million Series A in 2015 led by Bertelsmann Asia Investments, with Wacai, Morningside Venture Capital, and GX Capital, and a subsequent investment from JD Finance. Meiliche itself had been formed four years prior to the Series B. Later reports indicate Meili Jinrong, described as an automotive-focused spinoff of consumer loans provider Meiliche, raised over $200 million cumulatively by 2018 from investors including New Hope Group, Wacai, JD Finance, and Bertelsmann Asia Investments, but shut down operations in early 2020 due to Covid-19 impacts on sales and cash shortages, laying off all employees. |
| Jan 2015 | Series A | BAI capital (lead); GX Capital; Wacai.com | $65M | - |
Who has invested in Meiliche?
8 investors have backed Meiliche across its funding rounds, including Wacai.com, BAI capital, CE Innovation Capital, Delta Capital, GX Capital and Taihe Capital.
Lead investors include New Hope Corp and BAI capital.
Meiliche Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 2 | Participant | Jan 2015 | ||
| 1 | Participant | Jan 2015 | ||
| 1 | Participant | Apr 2018 | ||
| 1 | Lead | Jan 2018 | ||
| 1 | Participant | Apr 2018 | ||
| 1 | Lead | Jan 2015 | ||
This data is available for Pro users. Sign up to see all 8 Meiliche investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialMeiliche Competitors
Meiliche competitors include listed companies like Constellation Software, Dassault Systemes and Topicus, and private ones like Applied Intuition, Zongmu and Hong Jing Drive.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $12B | $2.5B | $43B | 3.5x | ||
| Publicly listed | $7.2B | $2.2B | $32B | 4.0x | ||
| Private | $415M | - | $15B | 36.1x | ||
| Private | - | - | $11B | - | ||
| Publicly listed | $1.8B | $393M | $5.4B | 3.0x | ||
| Private | - | - | $4.3B | - |
Meiliche Public Comps
Meiliche is still privately-owned, but its public comps include Bajaj Finance, Autodesk, Constellation Software, Dassault Systemes, Tata Capital, Mitsubishi HC Capital, Muthoot Finance, Aditya Birla Capital, Mobility Global and Chailease Holding.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $5.2B | $2.7B | 19.8x | 16.6x | 37.3x | 29.7x | |||
| $7.2B | $1.8B | 6.3x | 5.7x | 25.6x | 14.1x | |||
| $12B | $2.5B | 4.0x | 3.5x | 18.5x | 12.9x | |||
| $7.2B | $2.2B | 4.0x | 4.0x | 13.2x | 11.2x | |||
| $3.1B | $759M | 12.2x | 20.8x | 49.8x | - | |||
| $14B | $4.2B | 5.0x | 5.0x | 17.2x | 20.9x | |||
| $2.1B | $1.4B | 12.3x | 13.5x | 19.1x | 18.4x | |||
| $4.8B | $1.8B | 6.2x | 29.8x | 16.5x | 40.5x | |||
This data is available for Pro users. Sign up to see all Meiliche competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Meiliche
| When was Meiliche founded? | Meiliche was founded in 2014. |
| Where is Meiliche headquartered? | Meiliche is headquartered in Beijing, China. |
| Is Meiliche publicly listed? | No, Meiliche is a private, VC-backed company. |
| How much funding has Meiliche raised? | Meiliche has raised $195M across 3 funding rounds. |
| What was Meiliche's last funding round? | Meiliche's last funding round was a $38M Series B in April 2018. |
| Who are Meiliche's investors? | Meiliche's investors include Wacai.com, GX Capital, Harmony Riverside, New Hope Corp, CE Innovation Capital, BAI capital, Delta Capital and Taihe Capital. |
| Which companies are comparable to Meiliche? | Companies comparable to Meiliche include Constellation Software, Dassault Systemes, Applied Intuition, Zongmu, Topicus and Hong Jing Drive. |
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