About Duoxi
Duoxi is a company based in Beijing (China) founded in 2013. Duoxi has raised $8.51 million across 3 funding rounds from investors including Shengjing 360, Qifu Capital and Newsion Venture Capital. Duoxi operates in a competitive market with competitors including I Want Wash, Ppxiyi, Yiweishi, Exibang and Xiongguanjia, among others.
- Headquarter Beijing, China
- SectorsBusiness Services
- Website iduoxi.com
- Total Equity Funding$8.51M (USD)
in 3 rounds
- Latest Funding Round$6.9M (USD), Series A
Feb 2016
- InvestorsShengjing 360
& 2 more
Funding Insights of Duoxi
Duoxi has successfully raised a total of $8.51M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $6.9 million completed in February 2016. 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 $8.51M
- Total Rounds 3
- Last Round Series A — $6.9M
- Investors Count 3
All 3 funding rounds of Duoxi with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb 2016 | $6.9M | Series A | – | QF Capital | |
| Nov 2015 | $1.61M | Seed | – | Shengjing 360 | – |
| Dec 2014 | – | Angel Round | – | – |
3 investors in total: 3 institutional.
Investors in Duoxi
Duoxi has secured backing from 3 investors, including venture fund and institutional investors. Prominent investors backing the company include Shengjing 360, Qifu Capital and Newsion Venture Capital.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital investments are managed by Qifu Capital. | 2013 | qfvc.cn | Sanya, China | |
- | – | newsionvc.com | - | |
Management consulting and private equity advisory services are provided. | 2007 | shengjing360.com | Beijing, China |
Investor details for Duoxi
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Timeline of Duoxi
3 dated milestones of Duoxi across 3 years, from founding to its latest funding, stage changes and deals.
- Founded Duoxi is founded.
- Funding First funding round.
- Funding Latest funding round, Series A, of $6.9M.
Competitors of Duoxi
Duoxi 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 I Want Wash, Ppxiyi, Yiweishi, Exibang and Xiongguanjia, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| iwantwash.com | 2012 | Shanghai, China | $2.1M | – | Operates an online-to-offline platform for convenient laundry services. | |
| ppxiyi.com | 2014 | Chengdu, China | – | – | Provides on-demand laundry services through a user-friendly platform. | |
| yiweishi.cn | 2014 | Shanghai, China | $1.25M | – | On-demand laundry services including dry cleaning and ironing are provided. | |
| exibang.com | 2014 | Chengdu, China | $1.95M | – | Manages a digital platform for convenient laundry service bookings. | |
| xiongguanjia.cn | 2014 | Hangzhou, China | $952,000 | – | Provides on-demand laundry services for convenient customer access. | |
| 360xiyi.com | 2015 | Beijing, China | $463,000 | – | Offers convenient on-demand laundry services. | |
| yfxiyi.com | 2014 | Luoyang, China | $222,200 | – | Provides convenient on-demand laundry services through a user-friendly platform. | |
| impressed.hk | 2015 | Hong Kong, China | – | – | Provides professional laundry and dry cleaning services. | |
| iwmore.com | 2015 | Shenzhen, China | – | – | A mobile app for convenient booking of laundry services. |
Detailed competitors of Duoxi
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Latest news on Duoxi
Complete news archive for Duoxi
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Similar companies to Duoxi
10 companies that operate in the same segment as Duoxi (Local & Community Services), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Customers are connected with vetted professionals for on-demand home services. | 2014 | Gurugram, Haryana, India | USD 376.49 M | USD 165.84 M | 1,043 | |
App-based pet sitting marketplace | 2011 | Olympia, Washington, United States | USD 409.19 M | – | – | |
Fitness class memberships are offered across various gyms and studios. | 2013 | New York, New York, United States | USD 524.53 M | – | 1,046 | |
Platform for discovering and sharing local businesses | 2004 | San Francisco, California, United States | USD 56 M | USD 1.46 B | 5,120 | |
App based platform to connect users with local service professionals | 2008 | San Francisco, California, United States | USD 698.85 M | – | – | |
Online catering marketplace for enterprises | 2007 | Boston, Massachusetts, United States | USD 438.62 M | – | 856 | |
Provider of car service and repair network | 2016 | Gurugram, Haryana, India | USD 62.01 M | USD 8.06 M | 171 | |
Operates and franchises fitness clubs | 2002 | – | USD 4.49 M | – | 340 | |
Online marketplace that provides home repair & maintenance services | 2012 | New York, New York, United States | USD 112.67 M | – | – | |
Hair coloring kits are provided via an internet-first brand. | 2013 | San Francisco, California, United States | USD 248.9 M | – | 247 |
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Frequently Asked Questions about Duoxi
Duoxi was founded in 2013 and raised its 1st funding round 1 year after it was founded.
Duoxi is headquartered in Beijing, China.
Duoxi is a funded company, having raised a total of $8.51M across 3 funding rounds to date.
Founded in 2013 in Beijing, China, Duoxi operates in the O2O laundry sector. Clothes are collected from users locations through the app, aggregated, and processed at centralized facilities for standardized cleaning. A partnership with Haier supports operations. As of February 2016, services were available in Beijing, Shanghai, and Tianjin, with efforts focused on automating laundry processes.
Duoxi's top competitors include Yiweishi, I Want Wash and Ppxiyi.
Duoxi has 3 investors. Key investors include Shengjing 360, Qifu Capital, and Newsion Venture Capital.