About Favbuy
Favbuy is a company based in Shanghai (China) founded in 2012. It operates as a B2C. Favbuy has raised $2 million across 1 funding round from investors including SIG China. Favbuy operates in a competitive market with competitors including VipShop, LightInTheBox, Hangzhou Meiyu Information Technology, Dealy and Tianpin, among others.
- Headquarter Shanghai, China
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Sectors
Retail
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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 M (USD)
in 1 rounds
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Latest Funding Round
$2 M (USD), Series A
Aug 01, 2012
- Investors
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Employee Count
Employee Count
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Funding Insights of Favbuy
Favbuy has successfully raised a total of $2M through 1 strategic funding round. The most recent funding activity was a Series A round of $2 million completed in August 2012. 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 Series A — $2.0M
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First Round
First Round
(01 Aug 2012)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2012 | Amount | Series A - Favbuy | Valuation |
investors |
| 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 Favbuy
Favbuy has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include SIG China. 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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Tech companies in China are invested in by SIG China.
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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 Favbuy
| 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 - Favbuy
| 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 |
Favbuy Comparisons
Competitors of Favbuy
Favbuy 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 VipShop, LightInTheBox, Hangzhou Meiyu Information Technology, Dealy and Tianpin, 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 consumer products are sold via online flash sales.
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| domain | founded_year | HQ Location |
Online retailer offering multi-category consumer products
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| domain | founded_year | HQ Location |
Multi-category products are sold via an online flash-sales platform.
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| domain | founded_year | HQ Location |
Operates a digital hub for multi-category fashion products, featuring exclusive flash sales to attract shoppers.
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| domain | founded_year | HQ Location |
Operates as an online flash-sales retailer for a wide range of products, providing time-limited deals to consumers.
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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 Favbuy
When was Favbuy founded?
Favbuy was founded in 2012.
Where is Favbuy located?
Favbuy is headquartered in Shanghai, China.
Is Favbuy a funded company?
Favbuy is a funded company, having raised a total of $2M across 1 funding round to date. The company's 1st funding round was a Series A of $2M, raised on Aug 01, 2012.
What does Favbuy do?
Favbuy operates with a B2C model, focusing on engaging in retail operations, operating online marketplaces, conducting sales online, and flash deals. Operates an online retail platform specializing in flash sales for various products. It emphasizes efficiency, client-focused solutions, and growth, fostering partnerships and innovation in its operations.
Who are the top competitors of Favbuy?
Favbuy's top competitors include VipShop, LightInTheBox and Hangzhou Meiyu Information Technology.
Who are Favbuy's investors?
Favbuy has 1 investor. Key investors include SIG China.
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