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- Meiwei Buyongdeng
Meiwei Buyongdeng Valuation, Funding & Investors
Meiwei Buyongdeng is valued at $628M as of May 2018.
Last Meiwei Buyongdeng valuation
$628M
Series D · May 2018
Last Meiwei Buyongdeng funding round
$63M
Series D · May 2018
Cumulative funding Meiwei Buyongdeng raised
$162M
across 3 funding rounds
Key investors in Meiwei Buyongdeng
Alibaba Group
Baidu
Tiantu Capital
Meituan
PreIPO
Trip.com
About Meiwei Buyongdeng
Meiwei Buyongdeng is a provider of smart food service solutions in China. It delivers B2B SaaS tools and consumer apps addressing restaurant efficiency, management, marketing, costs, and dining experiences. The company connects restaurants with consumers via a nationwide sales network, headquartered in China with operations spanning major cities.
Founded
2013
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Subscription
Valuation
$628M (May 2018)
Meiwei Buyongdeng Valuation
Meiwei Buyongdeng is currently valued at $628M, based on its Series D in May 2018.
The $63M round included Koubei, PreIPO, Alibaba Group and Trip.com.
Meiwei Buyongdeng valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| May 2018 | Series D | $628M |
Meiwei Buyongdeng Funding History
Meiwei Buyongdeng has raised a total of $162M across 3 funding rounds.
Meiwei Buyongdeng's first fundraising round was a $20M Series B in January 2015. The most recent completed round was a $63M Series D in May 2018.
Meiwei Buyongdeng funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| May 2018 | Series D | Koubei; PreIPO; Alibaba Group; Trip.com | $63M | $628M | Meiwei Buyongdeng, founded in 2013 and based in Shanghai, China, developed a mobile app that assists restaurants in managing reservations and customer flow to reduce waiting times for diners. The company provides SaaS solutions for better booking management in the restaurant sector. Meiwei Buyongdeng competed with platforms like Minitable in China's restaurant reservation market. On May 11, 2018, it completed a Series D1 funding round raising RMB 400 million ($63 million, approximated as $62.8-63 million across sources) led by Alibaba Group (via Alibaba Local Life Service and Koubei) and Ctrip.com (now Trip.com), with possible involvement from PreIPO as listed in investor mentions. The post-money valuation for this round was reported at $4 billion. The round brought total funding to approximately $162 million across multiple rounds. This investment aligned with Alibaba and Ctrip's strategies to expand in local services and restaurant tech. Koubei, Alibaba's local services platform, had previously invested in Meiwei Buyongdeng, integrating its capabilities for online menus and bookings. It was later acquired by Alibaba Group on January 19, 2021. |
| Oct 2015 | Series C | Baidu (lead); Meituan (lead) | $79M | - | Meiwei Buyongdeng, operating as the mobile app 9now.cn, is a Shanghai-based company offering queuing services including reservations, real-time line status updates, and alerts when tables are ready, with users also able to place orders through the app. The company had 30,000 merchant partners utilizing their queue and reservation services at the time of the reported funding. A funding round of approximately $79 million was announced on October 23, 2015, with proceeds intended to expand online reservation services, improve queuing functionalities, and grow the merchant network. |
| Jan 2015 | Series B | Tiantu Capital (lead) | $20M | - | - |
Who has invested in Meiwei Buyongdeng?
7 investors have backed Meiwei Buyongdeng across its funding rounds, including Alibaba Group, Baidu, Tiantu Capital, Meituan, PreIPO and Trip.com.
Lead investors include Baidu, Meituan and Tiantu Capital.
Meiwei Buyongdeng Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 1 | Participant | May 2018 | ||
| 1 | Participant | May 2018 | ||
| 1 | Lead | Oct 2015 | ||
| 1 | Lead | Oct 2015 | ||
| 1 | Participant | May 2018 | ||
This data is available for Pro users. Sign up to see all 7 Meiwei Buyongdeng investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialInvestments by Meiwei Buyongdeng
Meiwei Buyongdeng has invested in 2 companies to date.
Latest investment by Meiwei Buyongdeng was on August 22nd 2018. Meiwei Buyongdeng invested in Mealcome.com in their $2M Strategic investment round.
Latest Investments by Meiwei Buyongdeng
| Description | Mealcome.com is a catering supply chain platform based in China. The service optimizes procurement, inventory, and distribution for restaurants and food businesses. It connects suppliers of ingredients with buyers through a digital marketplace, offering real-time pricing and logistics integration to reduce costs and waste in the competitive catering sector nationwide. | Geartech is a Chinese developer of Android-based smart fixed-line phones combining landline reliability with mobile features. The hardware supports full-screen apps, intelligent contact management, VoIP integration, and network diagnostics for enhanced call quality. Geartech markets devices to enterprises and homes in Asia, enabling seamless transitions between PSTN and internet calling. |
| HQ Country | ||
| HQ City | Changsha | Shenzhen |
| Deal Date | 22 Aug 2018 | 28 Aug 2015 |
| Round | Strategic investment | Angel |
| Raised | $2M | $500K |
| Investors | - | Canji Jiaye Touzi |
| Valuation | undisclosed | undisclosed |
| EV/Revenue | ||
| EV/EBITDA | ||
This data is available for Pro users. Sign up to see all Meiwei Buyongdeng investments and their VC round multiples. Start Free Trial | ||
Meiwei Buyongdeng Competitors
Meiwei Buyongdeng competitors include listed companies like PAR Technology and Shenzhen Sunwin, and private ones like Restaurant365, Khatabook, Deliverect and Infinitus Systems.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | $100M | - | $1B | 10.0x | ||
| Private | $9M | - | $600M | 66.7x | ||
| Private | - | - | $1.4B | - | ||
| Private | - | - | $600M | - | ||
| Publicly listed | $456M | ($27M) | $661M | 2.0x | ||
| Publicly listed | $20M | ($147M) | $687M | - |
Meiwei Buyongdeng Public Comps
Meiwei Buyongdeng is still privately-owned, but its public comps include Young's Pubs, First Watch, Unisound Ai Technology, PAR Technology, Papa John's, Cannae Holdings, Collins Foods, Shenzhen Sunwin, Bloomin Brands and AmRest.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $682M | $139M | 1.5x | 1.5x | 7.5x | 6.5x | |||
| $1.2B | $104M | 1.4x | 1.2x | 16.1x | 12.8x | |||
| $181M | ($22M) | 3.0x | 2.1x | (24.5x) | (36.1x) | |||
| $456M | ($27M) | 2.2x | 2.0x | (38.0x) | 24.4x | |||
| $2.1B | $181M | 0.8x | 0.8x | 8.7x | 8.4x | |||
| $424M | ($162M) | 1.8x | 1.9x | (4.6x) | (10.7x) | |||
| $1.1B | $161M | 1.1x | 1.1x | 7.5x | 6.9x | |||
| $20M | ($147M) | 37.7x | - | (5.0x) | - | |||
This data is available for Pro users. Sign up to see all Meiwei Buyongdeng competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Meiwei Buyongdeng
| When was Meiwei Buyongdeng founded? | Meiwei Buyongdeng was founded in 2013. |
| Where is Meiwei Buyongdeng headquartered? | Meiwei Buyongdeng is headquartered in Shanghai, China. |
| Is Meiwei Buyongdeng publicly listed? | No, Meiwei Buyongdeng is a private, VC-backed company. |
| What is Meiwei Buyongdeng's valuation? | Meiwei Buyongdeng was last valued at $628M in its Series D in May 2018. |
| How much funding has Meiwei Buyongdeng raised? | Meiwei Buyongdeng has raised $162M across 3 funding rounds. |
| What was Meiwei Buyongdeng's last funding round? | Meiwei Buyongdeng's last funding round was a $63M Series D in May 2018. |
| Who are Meiwei Buyongdeng's investors? | Meiwei Buyongdeng's investors include Koubei, PreIPO, Meituan, Baidu, Alibaba Group, Trip.com and Tiantu Capital. |
| Which companies are comparable to Meiwei Buyongdeng? | Companies comparable to Meiwei Buyongdeng include Restaurant365, Khatabook, Deliverect, Infinitus Systems, PAR Technology and Shenzhen Sunwin. |
| How many companies has Meiwei Buyongdeng invested in? | Meiwei Buyongdeng has invested in 2 companies, including Mealcome.com and Geartech. |
| What was Meiwei Buyongdeng's last investment? | In August 2018, Meiwei Buyongdeng invested in Mealcome.com's $2M strategic investment round. |
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