Yimidida Valuation, Funding & Investors

Yimidida is valued at $1.2B as of February 2020.

Last Yimidida valuation

$1.2B

Series D · Feb 2020

Last Yimidida funding round

$140M

Series D · Feb 2020

Cumulative funding Yimidida raised

$544M

across 5 funding rounds

Key investors in Yimidida

  • Source Code Capital
  • GLP
  • HOPU Investment Management Company
  • CDH Investments
  • K2VC
  • Boyu Capital

Yimidida Overview

About Yimidida

Yimidida is a Shanghai-headquartered logistics platform that enables crowd-sourced delivery to rural villages throughout China. Founded in 2015, it streamlines product shipments with features including payment collection, transport insurance coverage, return receipt handling, real-time delivery tracking, dispatch optimization, and truck deployment improvements. The service ensures swift order fulfillment regardless of customer location in remote areas.


Founded

2015

HQ

ChinaShanghai

Status

Privately held

Customer focus

B2B

Revenue model

Usage-based

Valuation

$1.2B (Feb 2020)

Yimidida Valuation

Yimidida is currently valued at $1.2B, based on its Series D in February 2020.

Yimidida's valuation has grown 1.1x from $1.1B at its Series D in January 2019 to $1.2B in February 2020, across 2 priced rounds.

Yimidida valuation by funding round

Yimidida valuation by funding round
DateStageValuation
Feb 2020Series D$1.2B
Jan 2019Series D$1.1B

Yimidida Funding History

Yimidida has raised a total of $544M across 5 funding rounds.

Yimidida's first fundraising round was a $15M Series A in December 2016. The most recent completed round was a $140M Series D in February 2020.

Yimidida funding rounds

Yimidida funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Feb 2020Series D-$140M$1.2BYimidida is a Chinese logistics firm founded in 2015, specializing in crowd-sourced delivery services and less-than-truckload (LTL) shipping through a unique alliance model with regional couriers. The company builds a nationwide logistics network, expanding to 31 provinces by 2019 with 200 fulfillment centers and 12,000 service centers, achieving full control over 24 provinces. It has transformed alliances into integrated operations via share exchanges and acquisitions, including Shanghai-based UC Express in the latest round. In February 2020, Yimidida completed a Series D+ funding round raising nearly CNY 1 billion (USD 140 million), reaching a post-money valuation of US$1.2 billion. This followed a prior Series D round in January 2019 where it raised CNY 1.8 billion (USD 252 million) led by Boyu Capital. Cumulative funding exceeded CNY 3 billion (USD 420 million) by early 2020, with early investment from GLP in Series A in 2016. The funding supports Yimidida's growth amid China's logistics industry challenges, including the coronavirus outbreak pressuring operations. The company positions itself as a top player in LTL shipping by leveraging capital for network expansion and control.
Jan 2019Series DBoyu Capital (lead); HOPU Investment Management Company; Source Code Capital$266M$1.1BYimidida (also known as Shanghai Yimi Dida Supply Chain Management Co.) is a Chinese logistics company founded in 2015 that specializes in less-than-truckload (LTL) shipping services. The company operates an intelligent logistics platform called the Galaxy System that consolidates the LTL industry by leveraging Internet of Things (IoT) and artificial intelligence to provide cost-effective and personalized delivery services, particularly in small counties and villages through a crowdsourced delivery model. On January 14, 2019, Yimidida announced its Series D funding round of 1.8 billion Chinese yuan, equivalent to USD 264 million (with some sources citing USD 266 million). The round was led by Boyu Capital and included co-investors Houpu Investment (HOPU Investment Management Company), Hidden Hill Capital, and Source Code Capital, with Huaxing Capital serving as financial advisor. This was the company's sixth funding round since its 2015 founding, bringing total capital raised to approximately 3 billion yuan. Following this Series D investment, Yimidida was valued at USD 1.06 billion on a post-money basis. The company stated it would use the capital to expand customer acquisition, develop core logistics unit operations including delivery stations and routes, and advance underlying technology including automation engineering equipment and logistics lifecycle management systems. Yimidida had previously raised funding in Series C (April 2018) and multiple Series B rounds, establishing its position in China's rapidly growing logistics sector. The company's Series D round reflected strong institutional confidence in its LTL logistics platform and its ability to consolidate and modernize China's fragmented logistics industry.
Apr 2018Series CHOPU Investment Management Company (lead); Sino-Ocean Group Holding (lead); GLP; Source Code Capital$79M-Yimidida was a Chinese community group-buying platform that operated during the 2018-2021 community group-buying boom. The platform aggregated consumer demand for fresh produce, offering consumers 30-50% discounts through bulk purchasing power while suppliers gained predictable demand and reduced logistics costs. Neighborhood coordinators earned commissions on transactions. The company raised approximately $553.61 million across 8 funding rounds from tier-1 investors including Boyu Capital and GLP. The company subsequently raised a Series D round in January 2019 and a Series D-II round in July 2019 that valued the company at $1,167.77 million. A final Series D-III round of $142.86 million was completed on February 18, 2020. Despite rapid expansion to hundreds of Chinese cities, Yimidida ultimately failed due to unsustainable unit economics and inability to compete with tech giants possessing superior logistics infrastructure and deeper capital reserves. The company shut down by 2024 after burning through its $600 million in funding in a subsidy war it could not win against better-capitalized competitors like Meituan and Alibaba subsidiaries.
Jul 2017Series BCDH Investments (lead); China Development Bank International Investment (lead); GLP; Lingfeng Capital; K2VC; Source Code Capital$44M-Yimidida is a Chinese logistics technology company focused on supply chain and intralogistics solutions, including products like Yimi Mini for last-mile delivery. It has raised a total of $553.61M across 8 funding rounds from 14 investors, with the latest being a Series D-III round of $142.86M on February 18, 2020.
Dec 2016Series ACathay Capital Private Equity (lead); GLP (lead); Source Code Capital$15M-Yimidida is a less-than-container-load (LCL) logistics platform founded in 2015 and headquartered in Shanghai, uniting 14 regional logistics companies to connect provinces, cities, towns, and counties with seamless delivery services across 27 provinces in China, focusing on tier three and four cities. It pioneered a 'network-crowdfunding + capacity-crowdsourcing' model, establishing a national service network with 179 hubs, over 3,800 routes, and 10,000 depots. In December 2016, Yimidida raised $14 million (RMB 100 million) in a Series A+ funding round led by Cathay Capital Private Equity and GLP, with participation from Source Code Capital. The funds supported network expansion in East China, hiring, IT system upgrades, and value-added services, alongside cross-border development leveraging investors' resources.

Who has invested in Yimidida?

10 investors have backed Yimidida across its funding rounds, including Source Code Capital, GLP, HOPU Investment Management Company, CDH Investments, K2VC and Boyu Capital.

Lead investors include Boyu Capital, HOPU Investment Management Company, Sino-Ocean Group Holding, CDH Investments, China Development Bank International Investment and 2 other investors.


Yimidida Investors

Investors in Yimidida by funding rounds participated
InvestorHQRoundsRoleFirst check
Source Code CapitalChinaChaoyang4ParticipantDec 2016
GLPSingaporeSingapore3LeadDec 2016
HOPU Investment Management CompanyChinaBeijing2LeadApr 2018
Sino-Ocean Group HoldingChinaChina1LeadApr 2018
Boyu CapitalChinaBeijing1LeadJan 2019
China Development Bank International InvestmentHong KongHong Kong1LeadJul 2017
Lingfeng CapitalChinaBeijing1ParticipantJul 2017
K2VCChinaBeijing1ParticipantJul 2017

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Yimidida Competitors

Yimidida competitors include listed companies like BuySell Technologies, Yelp and Baltic Classifieds Group, and private ones like Whop, inDrive and Carousell.

Public and private companies comparable to Yimidida
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
WhopUnited StatesNew York City, NYPrivate$142M-$1.6B11.3x
BuySell TechnologiesJapanJapanPublicly listed$647M$70M$1.2B1.4x
inDriveRussiaMoscowPrivate--$1.3B-
CarousellSingaporeSingaporePrivate$50M-$1.1B22.0x
YelpUnited StatesUnited StatesPublicly listed$1.5B$251M$1.1B0.8x
Baltic Classifieds GroupLithuaniaLithuaniaPublicly listed$102M$79M$1.1B10.9x

Yimidida Public Comps

Yimidida is still privately-owned, but its public comps include Blue Dart Express, Dazhong Transportation, BuySell Technologies, The RealReal, Grindrod, Freightways Group, Prosegur Cash, Marten Transport, Alma Media and Yelp.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Blue Dart Express$640M$98M1.9x1.8x12.6x16.1x
Dazhong Transportation$332M$132M4.8x-12.2x-
BuySell Technologies$647M$70M1.8x1.4x16.2x11.8x
The RealReal$693M$15M2.2x2.0x99.6x24.6x
Grindrod$336M$192M3.3x2.8x5.8x11.1x
Freightways Group$841M$160M2.0x1.9x10.3x9.9x
Prosegur Cash$2.3B$389M0.8x0.8x4.8x4.4x
Marten Transport$884M$130M1.1x1.1x7.7x7.6x

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Common questions about Yimidida

When was Yimidida founded?Yimidida was founded in 2015.
Where is Yimidida headquartered?Yimidida is headquartered in Shanghai, China.
Is Yimidida publicly listed?No, Yimidida is a private, VC-backed company.
What is Yimidida's valuation?Yimidida was last valued at $1.2B in its Series D in February 2020.
How much funding has Yimidida raised?Yimidida has raised $544M across 5 funding rounds.
What was Yimidida's last funding round?Yimidida's last funding round was a $140M Series D in February 2020.
Who are Yimidida's investors?Yimidida's investors include Source Code Capital, GLP, HOPU Investment Management Company, Sino-Ocean Group Holding, Boyu Capital, China Development Bank International Investment, Lingfeng Capital, K2VC, Cathay Capital Private Equity and CDH Investments.
Which companies are comparable to Yimidida?Companies comparable to Yimidida include Whop, BuySell Technologies, inDrive, Carousell, Yelp and Baltic Classifieds Group.

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