About Letao
Letao is a company based in Beijing (China) founded in 2008 by Sheng Bi.. Letao has raised $84.47 million across 6 funding rounds from investors including Ceyuan Ventures and Detong Capital. Letao operates in a competitive market with competitors including OkBuy, Paixie, Eyee, 10000xc and Wolverine Minerals, among others.
- Headquarter Beijing, China
- Founders Sheng Bi
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Phone
*********
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Website
*********
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$84.47 M (USD)
in 6 rounds
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Latest Funding Round
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Investors
Ceyuan Ventures
& 1 more
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Employee Count
Employee Count
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Funding Insights of Letao
Letao has successfully raised a total of $84.47M across 6 strategic funding rounds. 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 6
- Last Round Last Round
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First Round
First Round
(01 May 2008)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2012 | Amount | Series E - Letao | Valuation |
investors |
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| Jan, 2011 | Amount | Series D - Letao | Valuation |
investors |
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| Dec, 2010 | Amount | Series C - Letao | 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 Letao
Letao has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Ceyuan Ventures and Detong 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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Early-stage tech investments in China are managed by Ceyuan Ventures.
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Founded Year | Domain | Location | |
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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 Letao
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
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 - Letao
| 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 |
Letao Comparisons
Competitors of Letao
Letao 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 OkBuy, Paixie, Eyee, 10000xc and Wolverine Minerals, 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 |
An e-tailer specializing in a wide range of footwear products for online shoppers.
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| domain | founded_year | HQ Location |
Paixie is a shopping website specializing in branded shoes and apparel for style-conscious consumers.
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| domain | founded_year | HQ Location |
Manages an e-commerce platform specializing in footwear sales.
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| domain | founded_year | HQ Location |
Operates a digital marketplace for purchasing footwear.
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| domain | founded_year | HQ Location |
Manages an e-commerce store specializing in footwear products.
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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 Letao
When was Letao founded?
Letao was founded in 2008.
Where is Letao located?
Letao is headquartered in Beijing, China.
Who is the current CEO of Letao?
Sheng Bi is the current CEO of Letao. They have also founded this company.
Is Letao a funded company?
Letao is a funded company, having raised a total of $84.47M across 6 funding rounds to date. The company's 1st funding round was a Series C of $32.47M, raised on May 01, 2008.
Who are Letao's investors?
Letao has 2 investors. Key investors include Ceyuan Ventures, and Detong Capital.
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