About BuyHive
BuyHive is a company based in Kowloon (China) founded in 2019 by Michael Hung, Pranav Shah, Brent Barnes, and Minesh Pore.. BuyHive has raised $2.2 million across 1 funding round from investors including Choco Up. BuyHive offers products and services including Sourcing Experts, Sourcing Report, and Contract Manufacturing. BuyHive operates in a competitive market with competitors including See Fufu Convenience Store, Shenzhen Zheng Hao Kang Technology, CSOT, Lemon Bean and Oriental Culture Holding, among others.
- Headquarter Kowloon, China
- Founders Michael Hung, Pranav Shah, Brent Barnes, Minesh Pore
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Sectors
Industrial Goods & ManufacturingRetail
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Email
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Phone
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Website
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Social
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- Legal Name Buyhive Limited
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$2.2 M (USD)
in 1 rounds
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Latest Funding Round
$2.2 M (USD), Seed
Sep 16, 2021
- Investors
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Employee Count
Employee Count
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Products & Services of BuyHive
BuyHive offers a comprehensive portfolio of products and services, including Sourcing Experts, Sourcing Report, and Contract Manufacturing. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Platform for hiring vetted experts to connect buyers and manufacturers.
Document providing manufacturer recommendations and product details.
End-to-end solution for manufacturer selection and production.
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Funding Insights of BuyHive
BuyHive has successfully raised a total of $2.2M through 1 strategic funding round. The most recent funding activity was a Seed round of $2.2 million completed in September 2021. 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 Seed — $2.2M
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First Round
First Round
(16 Sep 2021)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Sep, 2021 | Amount | Seed - BuyHive | Valuation | Choco Up |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 BuyHive
BuyHive has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Choco Up. 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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Revenue-based financing is offered via an online platform to businesses.
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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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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Venture capital is directed toward companies in multiple sectors.
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Investments & Acquisitions by BuyHive
| 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 - BuyHive
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 |
Buyhive Comparisons
Competitors of BuyHive
BuyHive 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 See Fufu Convenience Store, Shenzhen Zheng Hao Kang Technology, CSOT, Lemon Bean and Oriental Culture Holding, 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 |
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China based consumer goods store
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Tempered glass products are manufactured under contract agreements.
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Contract manufacturer of thin film transistor and liquid crystal display devices
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| domain | founded_year | HQ Location |
Industrial internet solutions are offered for SMEs' digital transformation.
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E-commerce services for artwork and collectibles trading are provided.
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| Company Name | Domain | Founded year | HQ Location | Description |
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Multiple services are booked via an app-based platform.
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On-demand services are booked through an app-based platform.
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App based platform offering on demand delivery and ride-hailing services
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Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Buyhive
Frequently Asked Questions about BuyHive
When was BuyHive founded?
BuyHive was founded in 2019 and raised its 1st funding round 2 years after it was founded.
Where is BuyHive located?
BuyHive is headquartered in Kowloon, China. It is registered at Kowloon, Hong Kong, China.
Who is the current CEO of BuyHive?
Minesh Pore is the current CEO of BuyHive. They have also founded this company.
Is BuyHive a funded company?
BuyHive is a funded company, having raised a total of $2.2M across 1 funding round to date. The company's 1st funding round was a Seed of $2.2M, raised on Sep 16, 2021.
What does BuyHive do?
Online B2B marketplace platform connecting buyers and manufacturers. It provides a platform for helping buyers in product sourcing by providing a freelancer network of sourcing professionals who make supplier recommendations to buyers year-round and by providing a B2B e-commerce platform featuring invitation-only suppliers. It also provides an end-to-end sourcing solution by tracking the production and delivery of finished goods for buyers globally.
Who are the top competitors of BuyHive?
BuyHive's top competitors include Oriental Culture Holding, Lemon Bean and See Fufu Convenience Store.
What products or services does BuyHive offer?
BuyHive offers Sourcing Experts, Sourcing Report, and Contract Manufacturing.
Who are BuyHive's investors?
BuyHive has 1 investor. Key investors include Choco Up.
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