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- Yunniao Delivery
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
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
Website
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. Read the announcement ↗
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
| Date | Stage | Valuation |
|---|---|---|
| Feb 2017 | Series D | $1B |
| Jan 2016 | Series 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
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Feb 2017 | Series D | Warburg Pincus (lead); Matrix Partners China; YC Partners; GSR Ventures | $100M | $1B | Yunniao 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 2016 | Series C | Warburg Pincus (lead); Matrix Partners China; GSR Ventures; HSG | $100M | $1.1B | In January 2016, Warburg Pincus led a $100 million Series C round in Yunniao Distribution, a Chinese platform for sourcing intercity and same-city courier services. Existing investors Sequoia Capital, Matrix Partners and GSR Ventures also took part. The proceeds were to fund new technology, stronger risk control systems and expansion into more Chinese cities. Yunniao had raised a $10 million Series A from Matrix, GSR and Shanda Capital in January 2015, followed by a further round led by Sequoia in July 2015. The company was founded in November 2014 and serves chain stores, distributors, brands and manufacturers, which place orders online while third-party drivers bid for the jobs. At the time of the round it covered 16 first-tier Chinese cities, served more than 2,000 clients and had 100,000 registered drivers. |
| Jan 2015 | Series A | Jingwei 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
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 3 | Participant | Jan 2015 | ||
| 2 | Participant | Jan 2016 | ||
| 2 | Lead | Jan 2016 | ||
| 1 | Participant | Feb 2017 | ||
| 1 | Participant | Jan 2015 | ||
This data is available for Pro users. Sign up to see all 7 Yunniao Delivery investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialInvestments 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
| 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 Country | |
| HQ City | Tianjin |
| Deal Date | 13 Feb 2019 |
| Round | Angel |
| Raised | $400K |
| Investors | - |
| Valuation | undisclosed |
| EV/Revenue | |
| EV/EBITDA | |
This data is available for Pro users. Sign up to see all Yunniao Delivery investments and their VC round multiples. Start Free Trial | |
Yunniao Delivery Competitors
Yunniao Delivery competitors include listed companies like Dazhong Transportation, Marten Transport, Prosegur Cash and Hangzhou SF Intra-City, and private ones like Worldwide Logistics Group and Shanghai ANE Logistics.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $335M | $133M | $1.1B | - | ||
| Publicly listed | $884M | $130M | $957M | 1.0x | ||
| Publicly listed | $2.2B | $377M | $1.1B | 0.8x | ||
| Private | - | - | $1.1B | - | ||
| Publicly listed | $3.4B | $54M | $873M | 0.1x | ||
| Private | - | - | $1.2B | - |
Yunniao Delivery Public Comps
Yunniao Delivery is still privately-owned, but its public comps include NTG Nordic Transport, Reysaş Lojistik, Blue Dart Express, Dazhong Transportation, Marten Transport, Prosegur Cash, Cargojet, Logwin, Grindrod and Asian Terminals.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $1.7B | $131M | 0.8x | 0.7x | 10.7x | 8.8x | |||
| $250M | $138M | 4.9x | - | 8.9x | - | |||
| $646M | $99M | 1.7x | 1.6x | 11.1x | 14.2x | |||
| $335M | $133M | 4.4x | - | 11.1x | - | |||
| $884M | $130M | 1.0x | 1.0x | 6.7x | 7.2x | |||
| $2.2B | $377M | 0.8x | 0.8x | 4.8x | 4.4x | |||
| $710M | $237M | 2.2x | 2.0x | 6.5x | 6.2x | |||
| $1.5B | $127M | 0.4x | 0.4x | 4.7x | 4.5x | |||
This data is available for Pro users. Sign up to see all Yunniao Delivery competitors and their valuation data. Start Free Trial | ||||||||
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 Dazhong Transportation, Marten Transport, Prosegur Cash, Worldwide Logistics Group, Hangzhou SF Intra-City and Shanghai ANE Logistics. |
| 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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