About JollyChic
JollyChic is a company based in Hangzhou (China) founded in 2012.. JollyChic has raised $110.72 million across 3 funding rounds from investors including G42, Legend Capital and Sequoia Capital. JollyChic has completed 1 acquisition, including Lyke. JollyChic operates in a competitive market with competitors including Alibaba, Aliexpress, Peeba, Ymatou and Easyya, among others.
- Headquarter Hangzhou, China
- Stage Unicorn
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Sectors
Retail
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Email
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Phone
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Website
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Social
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Funding Insights of JollyChic
JollyChic has successfully raised a total of $110.72M across 3 strategic funding rounds. The most recent funding activity was a Series C round of $65 million completed in August 2019. 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 3
- Last Round Series C — $65.0M
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First Round
First Round
(01 Jun 2016)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2019 | Amount | Series C - JollyChic | Valuation | G42 |
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| May, 2018 | Amount | Series C - JollyChic | Valuation | Sequoia Capital | |
| Jun, 2016 | Amount | Series B - JollyChic | 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 JollyChic
JollyChic has secured backing from 4 investors, including institutional and venture fund investors. Prominent investors backing the company include G42, Legend Capital and Sequoia Capital. 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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Venture Capital firm focused on multiple sectors
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Founded Year | Domain | Location | |
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Sequoia Capital is engaged in venture capital investments.
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Founded Year | Domain | Location | |
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Provider of artificial intelligence infrastructure, cloud computing, and data center services
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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 JollyChic
JollyChic has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Lyke. 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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A mobile application is provided for shopping in local stores.
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2015 |
| 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 - JollyChic
| 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 |
Jollychic Comparisons
Competitors of JollyChic
JollyChic 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 Alibaba, Aliexpress, Peeba, Ymatou and Easyya, 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 |
E-commerce platforms for retail and wholesale are operated internationally.
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| domain | founded_year | HQ Location |
Operates an online cross-border marketplace for a wide range of multi-category products.
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| domain | founded_year | HQ Location |
Multi-category products are facilitated via an online B2B cross-border marketplace.
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| domain | founded_year | HQ Location |
Cross-border B2C e-commerce for Chinese consumers is facilitated.
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| domain | founded_year | HQ Location |
Operation management software solutions are provided for e-commerce businesses.
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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 Jollychic
Frequently Asked Questions about JollyChic
When was JollyChic founded?
JollyChic was founded in 2012 and raised its 1st funding round 4 years after it was founded.
Where is JollyChic located?
JollyChic is headquartered in Hangzhou, China. It is registered at Hangzhou, Zhejiang, China.
Is JollyChic a funded company?
JollyChic is a funded company, having raised a total of $110.72M across 3 funding rounds to date. The company's 1st funding round was a Series B of $30.12M, raised on Jun 01, 2016.
What does JollyChic do?
An online retail platform for horizontal consumer products, including fashion apparel, accessories, beauty items, mom and baby goods, home improvement supplies, and electronics, was established in 2012 in Hangzhou, China. Partnerships with industry insiders, importers, exporters, warehouses, and logistics providers are utilized for procurement, storage, and fulfillment. Multi-language customer service is offered, and garments are supplied directly to wholesalers. Around 854,000 likes are held on the Facebook page.
Who are the top competitors of JollyChic?
How many acquisitions has JollyChic made?
JollyChic has made 1 acquisition, including Lyke.
Who are JollyChic's investors?
JollyChic has 4 investors. Key investors include G42, Legend Capital, Sequoia Capital, and Stage Group.
What is JollyChic's valuation?
The valuation of JollyChic is $1B as of May 2018.
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