About BingoBox
BingoBox is a company based in Zhongshan (China) founded in 2017 by Benny Lin.. BingoBox has raised $94.76 million across 2 funding rounds from investors including Fosun, Qiming Venture Partners and Prometheus Capital. BingoBox operates in a competitive market with competitors including ITAB, Beijing Freebee Electronic Commerce, TOUCH TO GO, Oh Plus Network Technology and Beijing Xiaoyi Home E-Commerce, among others.
- Headquarter Zhongshan, China
- Founders Benny Lin
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Sectors
Retail
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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
$94.76 M (USD)
in 2 rounds
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Latest Funding Round
$80 M (USD), Series B
Jan 17, 2018
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Investors
Fosun
& 5 more
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Employee Count
Employee Count
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Funding Insights of BingoBox
BingoBox has successfully raised a total of $94.76M across 2 strategic funding rounds. The most recent funding activity was a Series B round of $80 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 2
- Last Round Series B — $80.0M
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First Round
First Round
(03 Jul 2017)
- Investors Count 6
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2018 | Amount | Series B - BingoBox | Valuation | Fosun | |
| Jul, 2017 | Amount | Series A - BingoBox | Valuation | GGV Capital |
| 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 BingoBox
BingoBox has secured backing from 6 investors, including venture fund and institutional investors. Prominent investors backing the company include Fosun, Qiming Venture Partners and Prometheus 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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Family office of Wang Jianlin and Wang Sicong
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Founded Year | Domain | Location | |
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Venture capital investments are directed toward 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 |
| 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.
|
Founded Year | Domain | Location |
Investments & Acquisitions by BingoBox
| 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 - BingoBox
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Bingobox Comparisons
Competitors of BingoBox
BingoBox 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 ITAB, Beijing Freebee Electronic Commerce, TOUCH TO GO, Oh Plus Network Technology and Beijing Xiaoyi Home E-Commerce, 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 |
Self-checkout solutions are provided for retail businesses worldwide.
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| domain | founded_year | HQ Location |
Self check-out solutions are provided for retail stores.
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| domain | founded_year | HQ Location |
Self-automated convenience stores are provided via an unmanned platform.
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| domain | founded_year | HQ Location |
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| domain | founded_year | HQ Location |
Checkout-free convenience stores are operated for office snack bars.
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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 BingoBox
When was BingoBox founded?
BingoBox was founded in 2017.
Where is BingoBox located?
BingoBox is headquartered in Zhongshan, China. It is registered at Zhongshan, Guangdong, China.
Who is the current CEO of BingoBox?
Benny Lin is the current CEO of BingoBox. They have also founded this company.
Is BingoBox a funded company?
BingoBox is a funded company, having raised a total of $94.76M across 2 funding rounds to date. The company's 1st funding round was a Series A of $14.76M, raised on Jul 03, 2017.
What does BingoBox do?
BingoBox was founded in 2017 in Zhongshan, China, as an operator in the smart retail sector. Automated stores are managed, featuring order and inventory control, reporting, and analytics tools. Security is ensured through intelligent anti-theft mechanisms, cloud-based video storage, and recovery options for unpaid items. Access is granted to registered users via QR code scanning, with payments processed through a mobile app at checkout.
Who are the top competitors of BingoBox?
BingoBox's top competitors include ITAB, Beijing Freebee Electronic Commerce and Beijing Xiaoyi Home E-Commerce.
Who are BingoBox's investors?
BingoBox has 6 investors. Key investors include Fosun, Qiming Venture Partners, Prometheus Capital, GGV Capital, and Ventech China.