About Huimin
Huimin is a company based in Beijing (China) founded in 2013 by Zhang Yichun. Huimin has raised $521.92 million across 4 funding rounds from investors including Fosun, Incofin Investment Management and China Renaissance Group. Huimin has completed 1 acquisition, including Beequick. Huimin operates in a competitive market with competitors including DECX, Yiweinet, Ablife, Youpeiliangpin and Xiangongshe, among others.
- Headquarter Beijing, China
- Founders Zhang Yichun
- Stage Unicorn
- SectorsRetail
- Phoneβ’β’β’β’ β’β’β’β’
- Website web.huimin.cn
- Social LinkedIn
Funding Insights of Huimin
Huimin has successfully raised a total of $521.92M across 4 strategic funding rounds. The most recent funding activity was a Series C round of $2.1 million completed in December 2020. 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 $521.92M
- Total Rounds 4
- Last Round Series C β $2.1M
- First Round $100M
(Jan 2015)
- Investors Count 12
All 4 funding rounds of Huimin 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 |
|---|---|---|---|---|---|
| Dec 2020 | $2.1M | Series C | β | Incofin Investment Management | β |
| Sep 2019 | $224.82M | Series C | $2.24B | Jinan Industrial Development Investment Group | |
| Sep 2016 | $195M | Series B | β | China Innovation Investment, West Capital | β |
| Jan 2015 | $100M | Series A | β | CITIC Capital, ZSVC | β |
| Date | Valuation | Stage |
|---|---|---|
| Sep 2019 | $2.24B | β’β’β’β’β’β’β’β’ |
Last known valuation $2.24B (Sep 2019). 12 investors in total: 12 institutional.
Investors in Huimin
Huimin has secured backing from 12 investors, including venture fund and institutional investors. Prominent investors backing the company include Fosun, Incofin Investment Management and China Renaissance Group.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Impact investing in agriculture, water access, and microfinance across emerging markets. | 2001 | incofin.com | Antwerp, Belgium | |
- | – | fortunevc.com | - | |
Investments are provided by GP Capital to financial services companies. | – | gpcapital.com.cn | Shanghai, China | |
M&A advisory, asset management firm, and private equity fund focused on multiple sectors | 2005 | huaxing.com | Chaoyang, China | |
Multiple sectors are invested in by the private equity firm. | 2002 | 1217.com.hk | Hong Kong, China | |
Equity investment management is provided by Zhejiang Venture Capital. | – | zsvc.com.cn | Hangzhou, China | |
- | – | szfvc.com | - | |
Diversified investment, asset management, and insurance services are offered globally. | 1992 | fosun.com | Shanghai, China | |
- | – | jncfjt.com | - | |
Investment research services are provided by West Capital. | 1994 | westcapital.com | Philadelphia, United States |
Investor details for Huimin
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People of Huimin
1 people are tracked at Huimin (1 in leadership).
| Name | Role | Group |
|---|---|---|
Zhang Yichun | Founder & Chairman | Leadership |
Complete people profiles for Huimin
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Investments & Acquisitions by Huimin
Huimin has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Beequick.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
One-hour grocery delivery from community stores is facilitated. | beequick.cn | Beijing, China | 2014 | Feb 2017 | β’β’β’β’ |
Complete acquisition details for Huimin
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Timeline of Huimin
5 dated milestones of Huimin across 7 years, from founding to its latest funding, stage changes and deals.
- Founded Huimin is founded.
- Funding First funding round of $100.0M.
- Acquisition Acquires Beequick.
- Milestone Reaches Unicorn status.
- Funding Latest funding round, Series C, of $2.1M.
Competitors of Huimin
Huimin 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 DECX, Yiweinet, Ablife, Youpeiliangpin and Xiangongshe, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| decxagri.com | 2015 | Beijing, China | $10M | – | Omnichannel retailing of sesame and food products is provided. | |
| yiweinet.com | 2015 | Beijing, China | $781,000 | – | Online B2B platform for ordering groceries | |
| aibianli.cn | 2012 | Zhengzhou, China | $60.16M | – | Delivers comprehensive retail store aggregation solutions for businesses. | |
| youpeiliangpin.com | 2015 | Beijing, China | $19.63M | – | Operates an online B2B platform for ordering fresh farm products. | |
| xiangongshe.com | 2015 | Beijing, China | – | – | A B2B marketplace specializing in groceries for business buyers. | |
| liancair.com | 2015 | Shanghai, China | $23.35M | – | Supply chain technology and financial services are provided for businesses. | |
| yuntiaowei.com | 2012 | Zhengzhou, China | $7.49M | – | Bulk condiments are traded through an online B2B platform. | |
| 51kuaixiao.com | 2014 | Hangzhou, China | – | – | Mobile B2B marketplace connecting FMCG goods suppliers and local stores |
Detailed competitors of Huimin
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Latest news on Huimin
Complete news archive for Huimin
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Similar companies to Huimin
10 companies that operate in the same segment as Huimin (Food & Grocery Retail), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Food and grocery deliveries are facilitated through an app-based platform. | 2013 | San Francisco, California, United States | USD 2.47 B | USD 10.72 B | 23,700 | |
Food and grocery items are ordered via an online network. | 2014 | Bengaluru, Karnataka, India | USD 3.54 B | USD 2.46 B | 4,490 | |
Meal recipe kits are delivered through a weekly subscription service. | 2011 | Berlin, Berlin, Germany | USD 367.28 M | – | – | |
Online marketplace offering multi-category grocery products | 2015 | Barcelona, Catalonia, Spain | USD 1.16 B | – | – | |
Personal and household products are delivered via an e-commerce platform. | 2011 | Bengaluru, Karnataka, India | USD 943.07 M | – | – | |
Instant delivery of groceries and essentials is facilitated online. | 2013 | Gurugram, Haryana, India | USD 757.12 M | – | – | |
Multi-category products are delivered quickly through an online platform. | 2020 | Bengaluru, Karnataka, India | USD 2.3 B | USD 344.05 K | 100 | |
Organic groceries are offered through an online membership platform. | 2013 | Los Angeles, California, United States | USD 332.18 M | – | – | |
Online marketplace platform offering multi-category grocery products | 2012 | San Francisco, California, United States | USD 2.93 B | USD 3.74 B | 3,270 | |
Platform offering food and grocery delivery services | 2013 | London, England, United Kingdom | USD 2.95 B | USD 2.59 B | 3,960 |
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Frequently Asked Questions about Huimin
Huimin was founded in 2013 and raised its 1st funding round 2 years after it was founded.
Huimin is headquartered in Beijing, China.
Huimin is a funded company, having raised a total of $521.92M across 4 funding rounds to date. The company's 1st funding round was a Series A of $100M, raised on Jan 2015.
Founded in 2013 in Beijing, China, Huimin functions as an online B2B retailer platform focused on grocery products. Items such as food, drinks, and daily essentials are distributed to local convenience stores, supermarkets, and individual consumers. A hyperlocal app enables orders from nearby stores, supporting both B2B and B2C operations. Point-of-sale systems and financial services are integrated through hftcom.com to enhance the platforms offerings.
Huimin's top competitors include DECX, Yuntiaowei and Yiweinet.
Huimin has made 1 acquisition, including Beequick.
Huimin has 12 investors. Key investors include Fosun, Incofin Investment Management, China Renaissance Group, CITIC Capital, and Bryn Mawr Trust.
The valuation of Huimin is $2.24B as of Sep 2019.