Webuy Group Funding, Investors & Competitors

Webuy Group has raised $123M across 3 funding rounds, most recently a $100M Series C in August 2019.

Last Webuy Group funding round

$100M

Series C · Aug 2019

Cumulative funding Webuy Group raised

$123M

across 3 funding rounds

Key investors in Webuy Group

  • IDG Capital
  • Qiming Venture Partners
  • K2VC
  • Vision Plus Capital
  • Tencent
  • Sky9 Capital

Webuy Group Overview

About Webuy Group

Webuy Group is a social e-commerce platform operating under Jingling Group with brands Shaking Baby, Haoyiku, and 芝麻云仓. Merchants share product links via WeChat for direct purchases within community-driven shopping. The model leverages China's dominant social media for sales distribution. Webuy facilitates community-based transactions from its base in China. Established in 2017, the group supports e-commerce through integrated apps and warehouses.


Founded

2017

HQ

ChinaHangzhou

Status

Privately held

Customer focus

B2C

Revenue model

Commission

Webuy Group Funding History

Webuy Group has raised a total of $123M across 3 funding rounds.

Webuy Group's first fundraising round was a $8M angel round in November 2017. The most recent completed round was a $100M Series C in August 2019.

Webuy Group funding rounds

Webuy Group funding rounds
DateStageInvestorsRaisedDeal Summary
Aug 2019Series CSky9 Capital (lead); IDG Capital; Tencent; Qiming Venture Partners; Vision Plus Capital; K2VC$100MWebuy is a Hangzhou-based e-commerce startup founded by a former Alibaba executive. The company closed its Series C financing round in 2019, collecting USD 100 million from a consortium of investors led by Sky9 Capital and including IDG Capital, K2VC, Qiming Venture Partners, Tencent, and Vision Plus Capital.
Nov 2018Series BQiming Venture Partners (lead); IDG Capital$16M-
Nov 2017AngelK2VC (lead); Vision Plus Capital (lead)$8M-

Who has invested in Webuy Group?

6 investors have backed Webuy Group across its funding rounds, including IDG Capital, Qiming Venture Partners, K2VC, Vision Plus Capital, Tencent and Sky9 Capital.

Lead investors include Sky9 Capital, Qiming Venture Partners, K2VC and Vision Plus Capital.


Webuy Group Investors

Investors in Webuy Group by funding rounds participated
InvestorHQRoundsRoleFirst check
IDG CapitalChinaBeijing2ParticipantNov 2018
Qiming Venture PartnersChinaShanghai2LeadNov 2018
Vision Plus CapitalChinaHangzhou2LeadNov 2017
K2VCChinaBeijing2LeadNov 2017

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Webuy Group Competitors

Webuy Group competitors include listed companies like Amazon, Pinduoduo, MercadoLibre and Prosus, and private ones like Whop and Whatnot.

Public and private companies comparable to Webuy Group
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
WhopUnited StatesNew York City, NYPrivate$142M-$1.6B11.3x
AmazonUnited StatesUnited StatesPublicly listed$717B$161B$2.7T3.5x
PinduoduoChinaChinaPublicly listed$64B$14B$111B0.7x
MercadoLibreArgentinaArgentinaPublicly listed$29B$3.7B$93B2.6x
ProsusNetherlandsNetherlandsPublicly listed$9.7B$1.1B$86B8.0x
WhatnotUnited StatesSan Francisco, CAPrivate$1B-$20B20.0x

Webuy Group Public Comps

Webuy Group is still privately-owned, but its public comps include Amazon, Alibaba Group, Recruit Holdings, Uber, Pinduoduo, MercadoLibre, Prosus, DoorDash, Carvana and Sea.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Amazon$717B$161B3.9x3.5x17.5x13.8x
Alibaba Group$153B$15B1.7x1.6x17.5x13.0x
Recruit Holdings$24B$4B6.4x6.0x37.9x25.2x
Uber$52B$6.2B3.0x2.8x24.9x14.6x
Pinduoduo$64B$14B0.7x0.7x3.1x2.8x
MercadoLibre$29B$3.7B3.5x2.6x27.2x25.1x
Prosus$9.7B$1.1B9.1x8.0x83.8x123.7x
DoorDash$14B$1.5B6.0x4.9x55.8x23.7x

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Common questions about Webuy Group

When was Webuy Group founded?Webuy Group was founded in 2017.
Where is Webuy Group headquartered?Webuy Group is headquartered in Hangzhou, China.
Is Webuy Group publicly listed?No, Webuy Group is a private, VC-backed company.
How much funding has Webuy Group raised?Webuy Group has raised $123M across 3 funding rounds.
What was Webuy Group's last funding round?Webuy Group's last funding round was a $100M Series C in August 2019, led by Sky9 Capital.
Who are Webuy Group's investors?Webuy Group's investors include IDG Capital, Qiming Venture Partners, Vision Plus Capital, K2VC, Sky9 Capital and Tencent.
Which companies are comparable to Webuy Group?Companies comparable to Webuy Group include Whop, Amazon, Pinduoduo, MercadoLibre, Prosus and Whatnot.

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