About 24quan
24quan is a company based in Beijing (China) founded in 2009. 24quan has raised $46.16 million across 5 funding rounds. 24quan operates in a competitive market with competitors including Meituan, Dianping, Pinduoduo, Lashou and Nuomi, among others.
- Headquarter Beijing, China
- Website 24quan.com
- Total Equity Funding$46.16M (USD)
in 5 rounds
- Latest Funding Round$7M (USD), Series C
Apr 2012
Funding Insights of 24quan
24quan has successfully raised a total of $46.16M across 5 strategic funding rounds. The most recent funding activity was a Series C round of $7 million completed in April 2012. 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 $46.16M
- Total Rounds 5
- Last Round Series C — $7M
- First Round $160,000
(Oct 2009)
All 5 funding rounds of 24quan with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr 2012 | $7M | Series C | – | – | – |
| Dec 2011 | $9M | Series B | – | – | – |
| Jul 2011 | $24M | Series B | – | – | – |
| Feb 2011 | $6M | Series A | – | – | – |
| Oct 2009 | $160,000 | Seed | – | – | – |
Timeline of 24quan
3 dated milestones of 24quan across 3 years, from founding to its latest funding, stage changes and deals.
- Founded 24quan is founded.
- Funding First funding round of $160K.
- Funding Latest funding round, Series C, of $7.0M.
Competitors of 24quan
24quan 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 Meituan, Dianping, Pinduoduo, Lashou and Nuomi, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| meituan.com | 2010 | Beijing, China | $9.86B | – | Online group-buying platform offering coupons for multi-category products and services | |
| dianping.com | 2003 | Shanghai, China | $4.34B | – | Group buying discount deals are facilitated across multiple categories. | |
| pinduoduo.com | 2015 | Shanghai, China | $3.22B | – | Online group buying platform offering multi-category products | |
| lashou.com | 2010 | Beijing, China | $161M | – | Location based daily-deals & group buying portal | |
| nuomi.com | 2010 | Beijing, China | $160M | – | Local services deals are offered via group buying in China. | |
| gaopeng.com | 2010 | Beijing, China | $50M | – | Operates an online marketplace for group-buying deals on multi-category products and services. | |
| manzuo.com | 2006 | Beijing, China | – | – | Group buying and location-based marketing are facilitated online. | |
| ubuyibuy.com | 1999 | Hong Kong, China | – | – | Volume discounts are enabled for consumers via online group buying. | |
| ftuan.com | 2011 | Beijing, China | $10M | – | Dining and shopping group-buying deals are offered by FTuan. |
Detailed competitors of 24quan
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
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Frequently Asked Questions about 24quan
24quan was founded in 2009.
24quan is headquartered in Beijing, China.
24quan is a funded company, having raised a total of $46.16M across 5 funding rounds to date. The company's 1st funding round was a Seed of $160K, raised on Oct 2009.