About 58City
58City is a company based in Beijing (China) founded in 2005 was acquired by General Atlantic in June 2020.. 58City has raised $140.78 million across 7 funding rounds from investors including General Atlantic, Warburg Pincus and DCM. 58City has completed 6 acquisitions, including Anjuke, ChinaHR and Ganji. 58City operates in a competitive market with competitors including eBay, Mercari, Wallapop, Avito and Quikr, among others.
- Headquarter Beijing, China
- Stage Public
-
Sectors
Retail
-
Phone
*********
-
Website
*********
-
Social
*********
-
Annual Revenue
-
Net Profit
-
EBITDA
-
Total Equity Funding
$140.78 M (USD)
in 7 rounds
-
Latest Funding Round
$57.5 M (USD), Post-IPO
Nov 14, 2018
-
Investors
General Atlantic
& 4 more
-
Employee Count
Employee Count
-
Investments & Acquisitions
Anjuke
& 5 more
-
Acquired by
General Atlantic
(Jun 15, 2020)
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Unlock access to complete
Leadership Team
10 people
Software Development Team
3 people
Sales and Marketing
2 people
Human Resources and Administration
2 people
Finance and Accounting
2 people
Data Analysis and Operations Team
2 people
Creative and Marketing Team
1 people
战略研究 Team
1 people
Unlock access to complete
Funding Insights of 58City
58City has successfully raised a total of $140.78M across 7 strategic funding rounds. The most recent funding activity was a Post-IPO round of $57.5 million completed in November 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 7
- Last Round Post-IPO — $57.5M
-
First Round
First Round
(01 Feb 2006)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2018 | Amount | Post-IPO - 58City | Valuation |
investors |
|
| Jun, 2014 | Amount | Post-IPO - 58City | Valuation |
investors |
|
| Jun, 2011 | Amount | Series D - 58City | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in 58City
58City has secured backing from 5 investors, including venture fund investors. Prominent investors backing the company include General Atlantic, Warburg Pincus and DCM. 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 |
|---|---|---|---|---|
|
Multi-stage private equity investments are pursued across diverse sectors.
|
Founded Year | Domain | Location | |
|
Tech-focused seed, early, and mid-stage VC investments are made globally.
|
Founded Year | Domain | Location | |
|
A leading private equity firm supporting high-growth enterprises in Asia.
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by 58City
58City has strategically engaged in corporate development activities, having acquired 6 companies. Notable acquisitions include Anjuke, ChinaHR and Ganji. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Applicant tracking solution is offered to businesses for recruitment.
|
2015 | ||||
|
Online real estate listing platform
|
2007 | ||||
|
Chinese domestic classifieds platform
|
2005 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
OVO is recognized as a smart digital payment application.
|
2017 | ||||
|
Bionic investment advisor platform
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 |
Financial Statements - 58City
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
58City Comparisons
Competitors of 58City
58City 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 eBay, Mercari, Wallapop, Avito and Quikr, 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 |
Multi-category consumer products are sold via an online marketplace platform.
|
|
| domain | founded_year | HQ Location |
Used multi-category products are traded on an online marketplace platform.
|
|
| domain | founded_year | HQ Location |
App-based marketplace and classified platform for multi-category products
|
|
| domain | founded_year | HQ Location |
Multi-category second-hand products are offered via online marketplace platform.
|
|
| domain | founded_year | HQ Location |
Online platform for second-hand listings and peer-to-peer transactions
|
|
| domain | founded_year | HQ Location |
Online marketplace platform offering multi-category second-hand products
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Frequently Asked Questions about 58City
When was 58City founded?
58City was founded in 2005 and raised its 1st funding round 1 year after it was founded.
Where is 58City located?
58City is headquartered in Beijing, China.
Is 58City a funded company?
58City is a funded company, having raised a total of $140.78M across 7 funding rounds to date. The company's 1st funding round was a Series D of $55M, raised on Feb 01, 2006.
What does 58City do?
58City was established in 2005 in Beijing, China, within the online marketplace sector. A platform is maintained for individuals and small businesses to post listings and advertise services in local communities. Multi-category second-hand products are featured, alongside support for business partners through services such as consumer targeting, product promotion, online marketing strategies, and customer relationship management. Operations focus on regional advertising and information dissemination.
Who are the top competitors of 58City?
How many acquisitions has 58City made?
Who are 58City's investors?
58City has 5 investors. Key investors include General Atlantic, Warburg Pincus, DCM, SAIF Partners China, and Ocean Link.
Book a demo & talk to our team
Share a few details and we’ll reach out to schedule a session.