About 111 Group
111 Group is a company based in Guangzhou (China) founded in 2010 by Gang Yu.. 111 Group has raised $122 million across 4 funding rounds from investors including Zhangjiang Torch Venture Capital, GeniLink Capital and Shanghai STVC Group. The company has 1,240 employees as of December 31, 2024. 111 Group operates in a competitive market with competitors including AliHealth, IvyBaby, Alibaba Health, Chuanty and Shenzhen Spinach Information Technology, among others.
- Headquarter Guangzhou, China
- Employees 1240 as on 31 Dec, 2024
- Founders Gang Yu
- Stage Public
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Sectors
Healthcare
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Phone
*********
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Website
*********
- Legal Name 111, Inc. Sponsored Adr
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Annual Revenue
$2 B-5.16as on Dec 31, 2024
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Net Profit
$-9 M83.77as on Dec 31, 2024
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EBITDA
$1.49 M0as on Dec 31, 2024
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Total Equity Funding
$122 M (USD)
in 4 rounds
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Latest Funding Round
$78.75 M (USD), Post-IPO
Dec 11, 2020
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Investors
Zhangjiang Torch Venture Capital
& 6 more
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Employee Count
1240
as on Dec 31, 2024
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IPO & Listings of 111 Group
111 Group is a publicly listed company on the NASDAQ with ticker symbol YI in USA, operating in the Distribution services sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
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Funding Insights of 111 Group
111 Group has successfully raised a total of $122M across 4 strategic funding rounds. The most recent funding activity was a Post-IPO round of $78.75 million completed in December 2020. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 4
- Last Round Post-IPO — $78.8M
- First Round First Round
- Investors Count 7
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2020 | Amount | Post-IPO - 111 Group | Valuation |
investors |
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| Apr, 2018 | Amount | Series C - 111 Group | Valuation | 6 Dimensions Capital |
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| Jan, 2015 | Amount | Series C - 111 Group | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in 111 Group
111 Group has secured backing from 7 investors, including venture fund investors. Prominent investors backing the company include Zhangjiang Torch Venture Capital, GeniLink Capital and Shanghai STVC Group. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Founded Year | Domain | Location | |
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Venture capital firm focused on tech sectors
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Founded Year | Domain | Location | |
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Venture capital firm investing in medical tech startups
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by 111 Group
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - 111 Group
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
111 Group Comparisons
Competitors of 111 Group
111 Group operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as AliHealth, IvyBaby, Alibaba Health, Chuanty and Shenzhen Spinach Information Technology, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Healthtech services like telemedicine and O2O drug delivery are offered.
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| domain | founded_year | HQ Location |
Baby health monitoring and management tools are offered to parents.
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| domain | founded_year | HQ Location |
Online platform for pharmacy, consultations, and appointments is operated.
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| domain | founded_year | HQ Location |
Facilitates online appointment booking for hospitals and doctors to streamline scheduling.
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| domain | founded_year | HQ Location |
Appointment booking platform for cancer patients
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| domain | founded_year | HQ Location |
Hosts a digital marketplace for healthcare services.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on 111 Group
Frequently Asked Questions about 111 Group
When was 111 Group founded?
111 Group was founded in 2010 and raised its 1st funding round 4 years after it was founded.
Where is 111 Group located?
111 Group is headquartered in Guangzhou, China. It is registered at Guangzhou, Guangdong, China.
Who is the current CEO of 111 Group?
Junling Liu is the current CEO of 111 Group.
Is 111 Group a funded company?
111 Group is a funded company, having raised a total of $122M across 4 funding rounds to date. The company's 1st funding round was a Series C of $72M, raised on Jun 01, 2014.
How many employees does 111 Group have?
As of Dec 31, 2024, the latest employee count at 111 Group is 1,240.
What is the annual revenue of 111 Group?
Annual revenue of 111 Group is $2B as on Dec 31, 2024.
What does 111 Group do?
Online pharmacy for selling pharmaceuticals and health products. It is an online drugstore that sells over-the-counter medications, traditional Chinese remedies, and a variety of other health products such as dental products, contact lenses, baby and mother care products, etc.
Who are the top competitors of 111 Group?
111 Group's top competitors include Alibaba Health, IvyBaby and AliHealth.
Is 111 Group publicly traded?
Yes, 111 Group is publicly traded on NASDAQ under the ticker symbol YI.
Who are 111 Group's investors?
111 Group has 7 investors. Key investors include Zhangjiang Torch Venture Capital, GeniLink Capital, Shanghai STVC Group, Ideate Investments, and SAIF Partners China.
What is 111 Group's ticker symbol?
The ticker symbol of 111 Group is YI on NASDAQ.