- Companies
- Wangjiahuan
Wangjiahuan Valuation, Funding & Investors
Wangjiahuan is valued at $928M as of February 2021.
Wangjiahuan Overview
About Wangjiahuan
Wangjiahuan is a catering services company focused on group meals for schools, hospitals, and large enterprises in China. From www.wangjiahuan.net, it delivers customized nutrition plans, including student lunches and factory worker meals, with operations centered in industrial hubs like Guangdong Province.
Founded
1995
HQ
Website
Status
Privately held
Customer focus
B2B & B2G
Revenue model
Services
Valuation
$928M (Feb 2021)
Wangjiahuan Valuation
Wangjiahuan is currently valued at $928M, based on its Series B in February 2021.
The $124M round was led by CPE, with participation from Paul Run Holding and Ziming Capital.
Wangjiahuan valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Feb 2021 | Series B | $928M |
Wangjiahuan Funding History
Wangjiahuan has raised a total of $268M across 3 funding rounds.
Wangjiahuan's first fundraising round was a $58M Series A in August 2018. The most recent completed round was a $124M Series B in February 2021.
Wangjiahuan funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Feb 2021 | Series B | CPE (lead); Paul Run Holding; Ziming Capital | $124M | $928M | Wangjiahuan is a Chinese agtech company focused on agricultural products. In February 2021, it raised CNY 800 million (approximately USD 123.7 million) in a Series B+ round led by CITIC Private Equity Funds Management (CPE), with participation from Paul Run Holding and Ziming Capital. The post-money valuation for the round was reported in a range of CNY 6.4 billion to CNY 8 billion. The company has raised a total of approximately $268.43 million across three strategic funding rounds, with this being one of them. |
| Mar 2020 | Series B | Meituan (lead); GLP; Hidden Hill Capital | $86M | - | Wangjiahuan, founded in 1995 and based in Shenzhen/Guangdong, is a major Chinese distributor of agricultural products including fresh fruits, vegetables, meat, eggs, oil, and grains, serving over 20,000 corporate and institutional clients such as schools, hospitals, restaurants, and supermarkets through more than 130 branches across ten provinces. It provides processing, distribution, and catering services, positioning itself as a competitor to Meicai and aspiring to become China's Sysco with expansions into farming, delivery, ingredient processing, restaurant management, e-commerce, and central kitchen operations. The company employs 8,000 full-time staff and handles nearly 10 million tons of products daily, leveraging a vast marketing network and logistics ecology. In early March 2020, Wangjiahuan raised RMB 600 million (approximately USD 85-86.6 million) in a Series B round led by Meituan, with participation from existing investor Hidden Hill Capital (backed by GLP) and mentions of Yinshan Capital in some reports. This brought total funding to CNY 1 billion. Proceeds are earmarked for nationwide business expansion, establishing urban distribution centers, county-level rural procurement platforms, improving product quality, and promoting a nationwide partnership plan. Meituan, a leading on-demand delivery platform, views Wangjiahuan as a strategic fit due to its first-mover advantages in bidding, supply chain, and funding within the group meal delivery and food supply chain sectors, which offer scale, growth, and profitability potential. The investment aligns with Meituan's ecosystem including food delivery, groceries, and merchant services, enabling synergies in the farm-to-business (F2B) e-commerce space amid rising fresh goods delivery demand. Wangjiahuan has adopted tech-driven features like group buying to compete with younger platforms like Meicai (valued at ~$7B) and Songxiaocai, focusing on sales to hotels, restaurants, hospitals, schools, and factories. The domestic catering industry context shows CNY 4.67 trillion total revenue in 2019, with institutional catering at CNY 1.2 trillion, highlighting the market scale Wangjiahuan targets. |
| Aug 2018 | Series A | GLP (lead) | $58M | - | Wangjiahuan, founded in 1995, is a Chinese food distributor and agriculture startup that raised $58 million in a Series A funding round led by Singapore-based logistics provider GLP through its Hidden Hill Modern Logistics Private Equity Fund. The capital supports building a blockchain platform for food quality assurance, a cloud-based data platform for operations, and warehouse centers across China. The company operates six business pillars: base management, warehousing, logistics and distribution, central kitchen, group meal service, and e-commerce, managing over 200,000 acres of plantations and purchasing more than 500,000 tons of fruit and vegetables annually. It recently secured general distribution rights for over 200 food brands in China. GLP's chief investment officer Dong Fanghao noted the investment integrates resources from their food and logistics portfolio to upgrade the food service industry. This GLP-led round in approximately February 2018 matches the query details, distinct from a later 2018 round led by Meituan Dianping raising 600 million RMB ($85 million). No financial metrics such as post-money valuation, revenue, ARR, EBITDA, or valuation multiples are disclosed in reports on the GLP investment. Wangjiahuan has since pivoted toward a tech-driven B2B agricultural produce platform, competing with players like Meicai and Songxiaocai, focusing on farm-to-business sales to hotels, restaurants, hospitals, schools, and factories. |
Who has invested in Wangjiahuan?
6 investors have backed Wangjiahuan across its funding rounds, including GLP, Meituan, CPE, Hidden Hill Capital, Paul Run Holding and Ziming Capital.
Lead investors include CPE, Meituan and GLP.
Wangjiahuan Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 2 | Lead | Aug 2018 | ||
| 1 | Lead | Feb 2021 | ||
| 1 | Lead | Mar 2020 | ||
| 1 | Participant | Feb 2021 | ||
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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialWangjiahuan Competitors
Wangjiahuan competitors include listed companies like Westlife Foodworld, Cracker Barrel, Kura Sushi and Ohsho Food Service, and private ones like Panda Selected and Black Giant.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $300M | - | ||
| Private | $1.3B | - | $900M | 0.7x | ||
| Publicly listed | $271M | $42M | $886M | 3.6x | ||
| Publicly listed | $3.5B | $193M | $978M | 0.6x | ||
| Publicly listed | $1.6B | $95M | $871M | 0.7x | ||
| Publicly listed | $751M | $89M | $993M | 1.2x |
Wangjiahuan Public Comps
Wangjiahuan is still privately-owned, but its public comps include Westlife Foodworld, Cracker Barrel, Kura Sushi, Ohsho Food Service, Wetherspoons, BrightView, Matrix Design Co., Sweetgreen, Domino's Pizza Group and Guangzhou Restaurant Group.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $271M | $42M | 3.9x | 3.6x | 25.4x | 27.4x | |||
| $3.5B | $193M | 0.6x | 0.6x | 10.6x | 15.9x | |||
| $1.6B | $95M | 0.7x | 0.7x | 12.1x | 11.8x | |||
| $751M | $89M | 1.1x | 1.2x | 9.7x | - | |||
| $2.9B | $358M | 0.9x | 0.9x | 7.2x | 8.0x | |||
| $2.7B | $307M | 0.9x | 0.9x | 8.0x | 7.2x | |||
| $110M | $12M | 7.7x | 7.2x | 69.8x | - | |||
| $679M | ($68M) | 1.5x | 1.5x | (15.1x) | (45.1x) | |||
This data is available for Pro users. Sign up to see all Wangjiahuan competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Wangjiahuan
| When was Wangjiahuan founded? | Wangjiahuan was founded in 1995. |
| Where is Wangjiahuan headquartered? | Wangjiahuan is headquartered in Shenzhen, China. |
| Is Wangjiahuan publicly listed? | No, Wangjiahuan is a private, VC-backed company. |
| What is Wangjiahuan's valuation? | Wangjiahuan was last valued at $928M in its Series B in February 2021. |
| How much funding has Wangjiahuan raised? | Wangjiahuan has raised $268M across 3 funding rounds. |
| What was Wangjiahuan's last funding round? | Wangjiahuan's last funding round was a $124M Series B in February 2021, led by CPE. |
| Who are Wangjiahuan's investors? | Wangjiahuan's investors include GLP, CPE, Meituan, Paul Run Holding, Hidden Hill Capital and Ziming Capital. |
| Which companies are comparable to Wangjiahuan? | Companies comparable to Wangjiahuan include Panda Selected, Black Giant, Westlife Foodworld, Cracker Barrel, Kura Sushi and Ohsho Food Service. |
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