About Itugo
Itugo was a Retail company based in Hangzhou (China) founded in 2012. An online social shopping platform focused on fashion products and community engagement. It operates on a B2C model. Itugo has raised $11.63 million across 3 funding rounds from investors including Yingdong Capital and Matrix Partners China. The company is recorded as dissolved. Its focus areas include E-commerce, Social Commerce, Fashion Retail and Online Shopping. Its competitors include YUNJI, Meilishuo and Flower Birthday Network; 3 of its 3 listed competitors have raised funding.
Company details
Itugo, established in 2012, excels in operating online marketplaces, social commerce, fashion retail, and online shopping. An online social shopping platform focused on fashion products and community engagement. Committed to advancing standards, it focuses on innovation, efficiency, and delivering value to clients worldwide.
- Headquarters Hangzhou, China
- SectorsRetail
- Website itugo.com
- Total Equity Funding$11.63M (USD)
in 3 rounds
- Latest Funding Round$10M (USD), Series A
Aug 2014
- InvestorsYingdong Capital
& 1 more
Funding Insights of Itugo
Itugo has successfully raised a total of $11.63M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $10 million completed in August 2014. 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 $11.63M
- Total Rounds 3
- Last Round Series A — $10M
- Investors Count 2
All 3 funding rounds of Itugo 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 |
|---|---|---|---|---|---|
| Aug 2014 | $10M | Series A | – | – | |
| Nov 2013 | $1.63M | Seed | – | – | |
| Jun 2012 | Angel Round | – | – |
2 investors in total: 2 institutional.
Investors in Itugo
Itugo has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Yingdong Capital and Matrix Partners China.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
| incapital.cn | ||||
Multiple sectors are invested in by this venture capital firm. | matrixpartners.com.cn | Chaoyang, China |
Investor details for Itugo
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 Itugo
3 dated milestones of Itugo across 2 years, from founding to its latest funding, stage changes and deals.
- Founded Itugo is founded.
- Funding First funding round.
- Funding Latest funding round, Series A, of $10.0M.
Competitors of Itugo
Itugo has 3 listed competitors in our database, 3 of them funded. They include YUNJI, Meilishuo and Flower Birthday Network.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| yunjiglobal.com | 2015 | Hangzhou, China | $156.1M | Multi-category products are retailed online by YUNJI. | ||
| meilishuo.com | 2009 | Beijing, China | $30M | Social shopping platform of fashion products | ||
| drgou.com | 2017 | Guangzhou, China | $42.59M | App-based online community marketplace for multi-category products & services |
Detailed competitors of Itugo
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- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
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Frequently Asked Questions about Itugo
Itugo was founded in 2012.
Itugo is headquartered in Hangzhou, China. It is registered at Hangzhou, Zhejiang, China.
Itugo is a funded company, having raised a total of $11.63M across 3 funding rounds to date.
Itugo, established in 2012, excels in operating online marketplaces, social commerce, fashion retail, and online shopping. An online social shopping platform focused on fashion products and community engagement. Committed to advancing standards, it focuses on innovation, efficiency, and delivering value to clients worldwide.
Itugo's top competitors include YUNJI, Meilishuo and Flower Birthday Network.
Itugo has 2 investors. Key investors include Yingdong Capital, and Matrix Partners China.