About Ele.me
Ele.me is a company based in Shanghai (China) founded in 2008 by Mark Zhang was acquired by Alibaba Group in April 2018. It operates as a Two-Sided Marketplace. Ele.me has raised $2.8 billion across 10 funding rounds from investors including Didi, Tencent and Alibaba Group. Ele.me has completed 1 acquisition, including Baidu Waimai. Ele.me offers products and services including Food Delivery. Ele.me operates in a competitive market with competitors including Deliveroo, Daojia, Etaoshi, Baidu Waimai and Shenghuo Banjing, among others.
- Headquarter Shanghai, China
- Founders Mark Zhang
- Stage Unicorn
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Sectors
Consumer
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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
$2.8 B (USD)
in 10 rounds
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Latest Funding Round
$200 M (USD), Series G
Feb 01, 2018
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Investors
Didi
& 12 more
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Employee Count
Employee Count
- Investments & Acquisitions
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Acquired by
Alibaba Group
(Apr 02, 2018)
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Products & Services of Ele.me
Ele.me offers a comprehensive portfolio of products and services, including Food Delivery. 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.
Food delivery service is provided to local customers.
Funding Insights of Ele.me
Ele.me has successfully raised a total of $2.8B across 10 strategic funding rounds. The most recent funding activity was a Series G round of $200 million completed in February 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 10
- Last Round Series G — $200.0M
- First Round First Round
- Investors Count 13
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2018 | Amount | Series G - Ele.me | Valuation |
investors |
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| May, 2017 | Amount | Series G - Ele.me | Valuation | Alibaba Group |
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| Apr, 2016 | Amount | Series G - Ele.me | Valuation | Alibaba Group |
| 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 Ele.me
Ele.me has secured backing from 13 investors, including institutional and venture fund investors. Prominent investors backing the company include Didi, Tencent and Alibaba Group. 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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Acquisitions are targeted by CPE as a private equity firm.
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Founded Year | Domain | Location | |
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Early-stage ventures are funded by the investment firm.
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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 Ele.me
Ele.me has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Baidu Waimai. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| 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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Food is ordered and delivered online from various restaurants.
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2011 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Ele.me
| 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 |
Ele.Me Comparisons
Competitors of Ele.me
Ele.me 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 Deliveroo, Daojia, Etaoshi, Baidu Waimai and Shenghuo Banjing, 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 |
Platform offering food and grocery delivery services
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| domain | founded_year | HQ Location |
Food delivery from local restaurants is handled by Daojia's fleet.
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| domain | founded_year | HQ Location |
Online food ordering, delivery, and reservations are provided by Etaoshi.
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| domain | founded_year | HQ Location |
Food is ordered and delivered online from various restaurants.
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| domain | founded_year | HQ Location |
On-demand delivery services from restaurants and local shops are provided.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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 Ele.Me
Frequently Asked Questions about Ele.me
When was Ele.me founded?
Ele.me was founded in 2008 and raised its 1st funding round 3 years after it was founded.
Where is Ele.me located?
Ele.me is headquartered in Shanghai, China.
Who is the current CEO of Ele.me?
Wang Lei is the current CEO of Ele.me.
Is Ele.me a funded company?
Ele.me is a funded company, having raised a total of $2.8B across 10 funding rounds to date. The company's 1st funding round was a Series G of $1.25B, raised on Jun 01, 2011.
What does Ele.me do?
A platform for food delivery services is operated, connecting restaurants and customers. Operations are focused on the e-commerce sector, specifically in food delivery solutions. Services are provided to facilitate online ordering and logistics in urban areas.
Who are the top competitors of Ele.me?
Ele.me's top competitors include Deliveroo, Daojia and Baidu Waimai.
What products or services does Ele.me offer?
Ele.me offers Food Delivery.
How many acquisitions has Ele.me made?
Ele.me has made 1 acquisition, including Baidu Waimai.
Who are Ele.me's investors?
Ele.me has 13 investors. Key investors include Didi, Tencent, Alibaba Group, JD.com, and Ant Group.
What is Ele.me's valuation?
The valuation of Ele.me is $6B as of May 2017.
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