About Cider
Cider is a company based in Hong Kong (China) founded in 2020 by Fenco Lin, Yu Oppel, and Michael Wang. It operates as a Direct-to-Consumer (D2C). Cider has raised $140 million across 4 funding rounds from investors including DST Global Partners, Greenoaks and Andreessen Horowitz. Cider offers products and services including Women's Clothing, Accessories & Bags, and Shoes. Cider operates in a competitive market with competitors including Everlane, True Religion Apparel, Boohoo, Chubbies Shorts and Levi's, among others.
- Headquarter Hong Kong, China
- Founders Fenco Lin, Yu Oppel, Michael Wang
- Stage Unicorn
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Sectors
Retail
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Email
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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
$140 M (USD)
in 4 rounds
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Latest Funding Round
$130 M (USD), Series B
Sep 03, 2021
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Investors
DST Global Partners
& 6 more
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Employee Count
Employee Count
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Products & Services of Cider
Cider offers a comprehensive portfolio of products and services, including Women's Clothing, Accessories & Bags, and Shoes. 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.
Women's clothing is offered in various trendy styles.
Accessories and bags are provided for style enhancement.
Shoes are available to complement fashionable outfits.
Funding Insights of Cider
Cider has successfully raised a total of $140M across 4 strategic funding rounds. The most recent funding activity was a Series B round of $130 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 4
- Last Round Series B — $130.0M
- First Round First Round
- Investors Count 7
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2021 | Amount | Series B - Cider | Valuation | DST Global , Greenoaks |
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| May, 2021 | Amount | Series A - Cider | Valuation | DST Global , a16z | |
| Sep, 2020 | Amount | Seed - Cider | Valuation | a16z , IDG 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 Cider
Cider has secured backing from 7 investors, including venture fund investors. Prominent investors backing the company include DST Global Partners, Greenoaks and Andreessen Horowitz. 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 investment firm
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Founded Year | Domain | Location | |
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Tech-enabled businesses are funded by Greenoaks venture capital firm.
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Founded Year | Domain | Location | |
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Venture capital investments in technology sectors are handled by Andreessen Horowitz.
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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 Cider
| 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 - Cider
| 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 |
Cider Comparisons
Competitors of Cider
Cider 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 Everlane, True Religion Apparel, Boohoo, Chubbies Shorts and Levi's, 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 fashion products are offered via an internet-first brand.
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| domain | founded_year | HQ Location |
Internet first brand of fashion apparel wear for men and women
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| domain | founded_year | HQ Location |
Multi-category fashion products are offered online for men and women.
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| domain | founded_year | HQ Location |
Men's casual apparel and swimwear are designed and retailed.
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| domain | founded_year | HQ Location |
Internet first brand of apparel wear for kids, women, men and accessories
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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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Latest news on Cider
Frequently Asked Questions about Cider
When was Cider founded?
Cider was founded in 2020.
Where is Cider located?
Cider is headquartered in Hong Kong, China.
Who is the current CEO of Cider?
Michael Wang is the current CEO of Cider. They have also founded this company.
Is Cider a funded company?
Cider is a funded company, having raised a total of $140M across 4 funding rounds to date. The company's 1st funding round was a Seed of $10M, raised on Jun 01, 2020.
What does Cider do?
Fashionable womens clothing is provided by Cider through an online store. A variety of apparel including dresses, curve collections, and trendy outfits are offered. Accessories, bags, and shoes are also included in the product range. Sustainable development is emphasized as part of the brands initiatives. Special offers and discounts are frequently promoted to attract customers in the retail fashion sector.
Who are the top competitors of Cider?
Cider's top competitors include True Religion Apparel, Everlane and Boohoo.
What products or services does Cider offer?
Cider offers Women's Clothing, Accessories & Bags, and Shoes.
Who are Cider's investors?
Cider has 7 investors. Key investors include DST Global Partners, Greenoaks, Andreessen Horowitz, IDG Capital, and Decent Capital.
What is Cider's valuation?
The valuation of Cider is $1B as of Sep 2021.
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