About 58fangdai
58fangdai is a company based in Nanjing (China) founded in 2015.. 58fangdai has raised $175.89 million across 9 funding rounds from investors including JiuFu, China Renaissance Group and Jiufu Puhui. 58fangdai operates in a competitive market with competitors including UpEquity, Future Rent, Huifenqi, Nophin and The Change Company, among others.
- Headquarter Nanjing, China
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Sectors
Real Estate & ConstructionFinancial Services
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Phone
*********
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Website
*********
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$175.89 M (USD)
in 9 rounds
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Latest Funding Round
$80.3 M (USD), Series F
Jan 22, 2018
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Investors
JiuFu
& 9 more
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Employee Count
Employee Count
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Funding Insights of 58fangdai
58fangdai has successfully raised a total of $175.89M across 9 strategic funding rounds. The most recent funding activity was a Series F round of $80.3 million completed in January 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 9
- Last Round Series F — $80.3M
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First Round
First Round
(01 May 2015)
- Investors Count 10
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2018 | Amount | Series F - 58fangdai | Valuation | Jiufu Puhui |
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| Aug, 2017 | Amount | Series E - 58fangdai | Valuation | Mingdao | |
| Apr, 2017 | Amount | Series D - 58fangdai | 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 58fangdai
58fangdai has secured backing from 10 investors, including institutional and venture fund investors. Prominent investors backing the company include JiuFu, China Renaissance Group and Jiufu Puhui. 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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Founded Year | Domain | Location | |
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Seed & growth stage tech and offline focused VC firm investing primarily in China
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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 58fangdai
| 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 - 58fangdai
| 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 |
58Fangdai Comparisons
Competitors of 58fangdai
58fangdai 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 UpEquity, Future Rent, Huifenqi, Nophin and The Change Company, 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 |
Online mortgage loan platform
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| domain | founded_year | HQ Location |
Provider of lending platform to access home rental loans for landlords
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| domain | founded_year | HQ Location |
SaaS-based systems for long-term rental apartment management are provided.
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| domain | founded_year | HQ Location |
Cloud-based solution for property rental financing
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| domain | founded_year | HQ Location |
Diversified loans are provided to small and medium-sized enterprises.
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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 58fangdai
When was 58fangdai founded?
58fangdai was founded in 2015.
Where is 58fangdai located?
58fangdai is headquartered in Nanjing, China. It is registered at Nanjing, Jiangsu, China.
Is 58fangdai a funded company?
58fangdai is a funded company, having raised a total of $175.89M across 9 funding rounds to date.
What does 58fangdai do?
Founded in 2015 and based in Nanjing, China, the company operates in the lending sector by providing rent installment services to college graduates. Upfront payments for three months rent plus deposit are covered, with monthly repayments handled through a mobile app available on Android and iOS. Services are extended to major cities including Beijing, Shanghai, and Nanjing.
Who are the top competitors of 58fangdai?
58fangdai's top competitors include UpEquity, Wonder Home Finance and The Change Company.
Who are 58fangdai's investors?
58fangdai has 10 investors. Key investors include JiuFu, China Renaissance Group, Jiufu Puhui, Mingdao, and 9C Capital.