#91 – MEICAI

Overview

Total Equity Funding: $202.62M in 6 Rounds from 2 Investors
Most Recent Funding: $200M Series D on June 1, 2016

Headquarters: Haidian, Beijing
Description: Meicai is a mobile e-vendor of agricultural products, which serves tens of thousands of small and medium-sized restaurants in China.
Founders: Xu Xueyin, Liu Chuanjun
Categories: Food and Beverage, Restaurants, Agriculture
Website: http://www.meicai.cn/

Company Details

Founded: June, 2014
Founders: Liu Chuanjun, Xu Xueyin
Key people: Liu Chuanjun (CEO), Xu Xueyin (CTO)
Employees: 4,000+

History of Development

2014
June:   Get real money fund 10 million yuan angel round investment
September:   Won the Blue Lake Capital millions of dollars A round of investment

2015
February:   Access to the capital and blue lake capital of tens of millions of dollars in the B round of investment
August:   Completion of the C round of financing, the cumulative amount of four financing has reached 1 billion
December:   Mr. Liu Chuanjun, founder and CEO of the Second World Internet Conference, hosted the forum on “Internet Innovation and Startup Growth” and participated as a guest in the “Opportunities and Challenges for Innovation in Small and Medium-sized Enterprises O2O”

2016
January:   Build the first promotional ceremonies in the field of food ingredients – “1.10 Cuisine Festival”. To carry out a five-day “food shopping week” activities, thanks to thank merchants
April: Completed the D round of financing, the valuation of more than 2 billion US dollars, the cumulative amount of financing more than 2 billion to
open the “Spring Festival” customer experience upgrade week. Deepen customer experience, upgrade customer service
June: Open the food “66 season”. To fresh low for the purpose of feedback catering business. Concessions, lottery and other activities for up to a month
July: US food network and the Chinese Red Cross Foundation co-sponsored the establishment of “the most common food fund.”
September: The founder and CEO of Liu Caijun attended the national “Internet +” modern agriculture work conference and new farmer innovation conference, and made a speech.
November: The third World Internet Conference, the founder of the US food network, CEO Liu Chuanjun in the “Internet + Logistics” forum delivered a speech.