Yunniao Delivery Valuation, Funding & Investors

Yunniao Delivery is valued at $1B as of February 2017.

Last Yunniao Delivery valuation

$1B

Series D · Feb 2017

Last Yunniao Delivery funding round

$100M

Series D · Feb 2017

Cumulative funding Yunniao Delivery raised

$210M

across 3 funding rounds

Key investors in Yunniao Delivery

  • GSR Ventures
  • Matrix Partners China
  • Warburg Pincus
  • HSG
  • Shanda Group
  • YC Partners

Yunniao Delivery Overview

About Yunniao Delivery

Yunniao Delivery is a logistics provider established in November 2014, specializing in regional and urban distribution for B2B, O2O, chain stores, distributors, brands, manufacturers, LTL networks, and supply chain firms. Headquartered in Guangzhou, it operates a fleet of 5,000 vehicles covering 300 cities with daily parcel volumes over 1 million, partnering with JD Logistics and SF Express for last-mile services.


Founded

2014

HQ

ChinaBeijing

Website

yunniao.cn

Status

Privately held

Customer focus

B2B

Revenue model

Services

Valuation

$1B (Feb 2017)

Yunniao Delivery Valuation

Yunniao Delivery is currently valued at $1B, based on its Series D in February 2017.

The $100M round was led by Warburg Pincus, with participation from Matrix Partners China, YC Partners and GSR Ventures.

Yunniao Delivery's valuation has moved from $1.1B at its Series C in January 2016 to $1B in February 2017, across 2 priced rounds.

Yunniao Delivery valuation by funding round

Yunniao Delivery valuation by funding round
DateStageValuation
Feb 2017Series D$1B
Jan 2016Series C$1.1B

Yunniao Delivery Funding History

Yunniao Delivery has raised a total of $210M across 3 funding rounds.

Yunniao Delivery's first fundraising round was a $10M Series A in January 2015. The most recent completed round was a $100M Series D in February 2017.

Yunniao Delivery funding rounds

Yunniao Delivery funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Feb 2017Series DWarburg Pincus (lead); Matrix Partners China; YC Partners; GSR Ventures$100M$1BYunniao Delivery, founded in November 2014 as Beijing Yunniao Technology Co Ltd, operated an online-to-offline platform connecting enterprises with van drivers for same-city courier and logistics services in China. The company raised approximately $210 million across four funding rounds from investors including Warburg Pincus, Sequoia China (likely Matrix Partners China), Matrix Partners China, and GSR Ventures. A key $100 million Series D round was led by Warburg Pincus around 2017, contributing to its total funding. At its peak, Yunniao achieved a RMB 7 billion ($1.1 billion) valuation, earning unicorn status. Warburg Pincus highlighted the investment as part of its 2016 China activities, focusing on supply chain delivery providers amid China's e-commerce boom. The company initially succeeded in the competitive logistics sector but faced challenges including financial mismanagement. Yunniao struggled with cash shortages, unable to pay salaries or refund deposits, culminating in bankruptcy filing on November 1, 2021.
Jan 2016Series CWarburg Pincus (lead); Matrix Partners China; GSR Ventures; HSG$100M$1.1BYunniao Delivery was a China-based online-to-offline (O2O) courier and intra-city B2B delivery service platform founded in November 2014 and headquartered in Beijing. The company operated a technology-enabled logistics platform connecting shippers with courier services in urban markets. In November 2016, Yunniao completed a Series D funding round led by Warburg Pincus, raising $100 million from a consortium including Warburg Pincus, GSR Ventures, Matrix Partners China, and HSG. The company had previously raised approximately $210 million across multiple rounds from renowned investors including Sequoia China and Matrix Partners. The company ultimately filed for bankruptcy in October 2021, citing severe cash shortage and inability to meet payroll and customer deposit obligations, ending operations despite its significant investor backing and market position during China's competitive courier sector consolidation.
Jan 2015Series AJingwei Investments; GSR Ventures; Shanda Group$10M--

Who has invested in Yunniao Delivery?

7 investors have backed Yunniao Delivery across its funding rounds, including GSR Ventures, Matrix Partners China, Warburg Pincus, HSG, Shanda Group and YC Partners.

Lead investors include Warburg Pincus.


Yunniao Delivery Investors

Investors in Yunniao Delivery by funding rounds participated
InvestorHQRoundsRoleFirst check
GSR VenturesUnited StatesSan Francisco, CA3ParticipantJan 2015
Matrix Partners ChinaChinaBeijing2ParticipantJan 2016
Warburg PincusUnited StatesNew York City, NY2LeadJan 2016
YC PartnersChinaShanghai1ParticipantFeb 2017
Jingwei InvestmentsChinaShenzhen1ParticipantJan 2015

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Investments by Yunniao Delivery

Yunniao Delivery has invested in 1 company to date.

Latest investment by Yunniao Delivery was on February 13th 2019. Yunniao Delivery invested in Yijia Express Logistics in their $400K Angel round.


Latest Investments by Yunniao Delivery

Yijia Express Logistics
Description
Yijia Express Logistics is a China-based provider of express delivery and logistics solutions. It handles parcel shipping, freight forwarding, and supply chain coordination for e-commerce and retail clients throughout the country.
HQ CountryChina
HQ City
Tianjin
Deal Date13 Feb 2019
RoundAngel
Raised$400K
Investors-
Valuationundisclosed
EV/Revenue
EV/EBITDA

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Yunniao Delivery Competitors

Yunniao Delivery competitors include listed companies like Hangzhou SF Intra-City, Marten Transport, Heartland Express and Prosegur Cash, and private ones like Shanghai ANE Logistics and Sicepat Express.

Public and private companies comparable to Yunniao Delivery
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
Hangzhou SF Intra-CityChinaChinaPublicly listed$3.4B$54M$991M0.2x
Marten TransportUnited StatesUnited StatesPublicly listed$884M$130M$1.1B1.1x
Heartland ExpressUnited StatesUnited StatesPublicly listed$806M$102M$922M1.3x
Prosegur CashSpainSpainPublicly listed$2.3B$389M$1.1B0.8x
Shanghai ANE LogisticsChinaChongqingPrivate--$1.2B-
Sicepat ExpressIndonesiaJakartaPrivate--$744M-

Yunniao Delivery Public Comps

Yunniao Delivery is still privately-owned, but its public comps include Hangzhou SF Intra-City, Keytop Parking, Reysaş Lojistik, CTT Correios de Portugal, Logwin, NTG Nordic Transport, Marten Transport, Heartland Express, Prosegur Cash and Ferrari Group.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Hangzhou SF Intra-City$3.4B$54M0.2x0.2x11.8x8.4x
Keytop Parking$124M$29M7.5x-32.3x-
Reysaş Lojistik$257M$142M4.8x-8.6x-
CTT Correios de Portugal$1.4B$202M----
Logwin$1.6B$131M0.4x0.4x4.7x4.7x
NTG Nordic Transport$1.8B$135M0.7x0.7x9.6x8.2x
Marten Transport$884M$130M1.1x1.1x7.7x7.6x
Heartland Express$806M$102M1.2x1.3x9.9x6.8x

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Common questions about Yunniao Delivery

When was Yunniao Delivery founded?Yunniao Delivery was founded in 2014.
Where is Yunniao Delivery headquartered?Yunniao Delivery is headquartered in Beijing, China.
Is Yunniao Delivery publicly listed?No, Yunniao Delivery is a private, VC-backed company.
What is Yunniao Delivery's valuation?Yunniao Delivery was last valued at $1B in its Series D in February 2017.
How much funding has Yunniao Delivery raised?Yunniao Delivery has raised $210M across 3 funding rounds.
What was Yunniao Delivery's last funding round?Yunniao Delivery's last funding round was a $100M Series D in February 2017, led by Warburg Pincus.
Who are Yunniao Delivery's investors?Yunniao Delivery's investors include GSR Ventures, Matrix Partners China, Warburg Pincus, YC Partners, Jingwei Investments, Shanda Group and HSG.
Which companies are comparable to Yunniao Delivery?Companies comparable to Yunniao Delivery include Hangzhou SF Intra-City, Marten Transport, Heartland Express, Prosegur Cash, Shanghai ANE Logistics and Sicepat Express.
How many companies has Yunniao Delivery invested in?Yunniao Delivery has invested in 1 company, including Yijia Express Logistics.
What was Yunniao Delivery's last investment?In February 2019, Yunniao Delivery invested in Yijia Express Logistics' $400K angel round.

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