About JollyChic
JollyChic is a Retail company based in Hangzhou (China) founded in 2012 by Aaron Li. Multi-category consumer products are retailed online by JollyChic. JollyChic has raised $110.72 million across 3 funding rounds from investors including G42, Ping An and Legend Capital. The company has 300 employees. JollyChic has completed 1 acquisition, including Lyke. JollyChic was last valued at $1 billion in August 2019. Its focus areas include Cross Border Commerce, Horizontal and Retailer. Its competitors include Alibaba, Aliexpress and Peeba; 1 of its 3 listed competitors has raised funding.
Company details
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.
- Headquarters Hangzhou, China
- Employees 300
- Founders Aaron Li
- Stage Unicorn
- SectorsRetail
- Email••••••••
- Website jollychic.com
- Social LinkedIn X Facebook
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 $110.72M
- Total Rounds 3
- Last Round Series C — $65M
- First Round $30.12M
(Jun 2016)
- Investors Count 9
All 3 funding rounds of JollyChic 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 2019 | $65M | Series C | – | G42 | – |
| May 2018 | $15.6M | Series C | $1B | Sequoia Capital | |
| Jun 2016 | $30.12M | Series B | – | – |
| Date | Valuation | Stage |
|---|---|---|
| May 2018 | $1B | •••••••• |
Last known valuation $1B (Aug 2019). 9 investors in total: 9 institutional.
Investors in JollyChic
JollyChic has secured backing from 9 investors, including institutional and venture fund investors. Prominent investors backing the company include G42, Ping An and Legend Capital.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture Capital firm focused on multiple sectors | legendcapital.com.cn | Haidian, China | ||
Sequoia Capital is engaged in venture capital investments. | 1972 | sequoiacap.com | ||
| sinowisdom.cn | ||||
PE firm invests in Asia | orchidasia.com | Hong Kong, China | ||
Private equity and private debt firm focused on multiple sectors | cdhfund.com | Kowloon, China | ||
| fortunevc.com | ||||
Provider of artificial intelligence infrastructure, cloud computing, and data center services | 2018 | g42.ai | Abu Dhabi, United Arab Emirates | |
| stagegroup.cn | ||||
Life and non-life insurance, banking, and financial services are provided. | 1987 | pingan.com | Shenzhen, China |
Investor details for JollyChic
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People of JollyChic
1 people are tracked at JollyChic (1 in leadership); the tracked headcount is 300.
| Name | Role | Group |
|---|---|---|
Aaron Li | Founder | Leadership |
Complete people profiles for JollyChic
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Investments & Acquisitions by JollyChic
JollyChic has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Lyke.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
A mobile application is provided for shopping in local stores. | lyke.co.id | Jakarta, Indonesia | 2015 | Jan 2018 | •••• |
Complete acquisition details for JollyChic
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Timeline of JollyChic
5 dated milestones of JollyChic across 7 years, from founding to its latest funding, stage changes and deals.
- Founded JollyChic is founded.
- Funding First funding round of $30.1M.
- Acquisition Acquires Lyke.
- Milestone Reaches Unicorn status.
- Funding Latest funding round, Series C, of $65.0M.
Competitors of JollyChic
JollyChic has 3 listed competitors in our database, 1 of them funded. They include Alibaba, Aliexpress and Peeba.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| alibaba.com.cn | 1999 | China | E-commerce platforms for retail and wholesale are operated internationally. | |||
| aliexpress.com | 2010 | Hangzhou, China | Operates an online cross-border marketplace for a wide range of multi-category products. | |||
| peeba.com | 2019 | Kwun Tong, China | $4.33M | Multi-category products are facilitated via an online B2B cross-border marketplace. |
Detailed competitors of JollyChic
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Web traffic of JollyChic
Websites that share an audience with JollyChic (jollychic.com).
Websites whose visitors overlap most with JollyChic. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
chicnova.com | chicnova.com | 100% | – | ||
makemechic.com | makemechic.com | 99% | #14,122,073 | – | |
| shopplanetblue.com | 78% | View details | |||
| wholesale-dress.net | 76% | View details | |||
| rosegal.com | 76% | #247,602 | View details | ||
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 12 similar websites and full traffic analytics for JollyChic
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- 12 similar websites
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Top companies in Cross-Border E-Commerce & Marketplaces
2 companies that operate in the same segment as JollyChic (Cross-Border E-Commerce & Marketplaces) in China, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Multi-category products are facilitated via a B2B marketplace platform. | 1970 | Hong Kong, China | USD 129.62 | 12 | ||
Operation management software solutions are provided for e-commerce businesses. | 2020 | Tianhe, Guangdong, China | USD 21.06 M |
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Related news about Jollychic
Complete news archive for JollyChic
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Frequently Asked Questions about JollyChic
JollyChic was founded in 2012 and raised its 1st funding round 4 years after it was founded.
JollyChic is headquartered in Hangzhou, China. It is registered at Hangzhou, Zhejiang, China.
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 2016.
JollyChic has 300 employees.
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.
JollyChic's top competitors include Peeba, Alibaba and Aliexpress.
JollyChic has made 1 acquisition, including Lyke.
JollyChic has 9 investors. Key investors include G42, Ping An, Legend Capital, Sequoia Capital, and Stage Group.
The valuation of JollyChic is $1B as of Aug 2019.