About 51HGP
51HGP is a company based in Hangzhou (China) founded in 2015.. 51HGP has raised $16 million across 1 funding round from investors including Eastern Bell Capital. 51HGP operates in a competitive market with competitors including Milwaukee Tool, Fastenal, Ruigu, Easy-to-buy work and Ehsy, among others.
- Headquarter Hangzhou, China
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Sectors
Industrial Goods & ManufacturingRetail
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Phone
*********
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Website
*********
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Social
*********
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$16 M (USD)
in 1 rounds
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Latest Funding Round
$16 M (USD), Series A
Jul 31, 2018
- Investors
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Employee Count
Employee Count
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Funding Insights of 51HGP
51HGP has successfully raised a total of $16M through 1 strategic funding round. The most recent funding activity was a Series A round of $16 million completed in July 2018. 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 1
- Last Round Series A — $16.0M
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First Round
First Round
(31 Jul 2018)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2018 | Amount | Series A - 51HGP | Valuation |
investors |
| 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 51HGP
51HGP has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Eastern Bell Capital. 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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Venture capital firm focused on early stage investment in supply chain, technology, retail, and multiple sectors
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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 51HGP
| 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 - 51HGP
| 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 |
51Hgp Comparisons
Competitors of 51HGP
51HGP 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 Milwaukee Tool, Fastenal, Ruigu, Easy-to-buy work and Ehsy, 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 |
Industrial tools are distributed online by Milwaukee Tool.
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| domain | founded_year | HQ Location |
Industrial tools and equipment are distributed online to various sectors.
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| domain | founded_year | HQ Location |
MRO tools and supplies are supplied online by Ruigu.
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| domain | founded_year | HQ Location |
MRO and industrial tools are e-distributed via an online platform.
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| domain | founded_year | HQ Location |
Industrial B2B e-commerce platform for tools and systems is operated.
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| domain | founded_year | HQ Location |
Industrial supplies are sourced via an online B2B platform.
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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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Frequently Asked Questions about 51HGP
When was 51HGP founded?
51HGP was founded in 2015 and raised its 1st funding round 3 years after it was founded.
Where is 51HGP located?
51HGP is headquartered in Hangzhou, China. It is registered at Hangzhou, Zhejiang, China.
Is 51HGP a funded company?
51HGP is a funded company, having raised a total of $16M across 1 funding round to date. The company's 1st funding round was a Series A of $16M, raised on Jul 31, 2018.
What does 51HGP do?
51HGP was established in 2015 in Hangzhou, China, as an e-distributor in the industrial goods sector. A range of products, including fasteners, hand tools, hardware, auto parts, measuring tools, and low-voltage electrical appliances, is offered through online channels. Operations focus on supplying these items to various industrial needs, with the domain 51hgp.com serving as the primary platform.
Who are the top competitors of 51HGP?
51HGP's top competitors include Fastenal, Milwaukee Tool and Ruigu.
Who are 51HGP's investors?
51HGP has 1 investor. Key investors include Eastern Bell Capital.