About Mafengwo
Mafengwo is a company based in Beijing (China) founded in 2010 was acquired by Wangfujing Group in May 2022.. Mafengwo has raised $488 million across 7 funding rounds from investors including Tencent, General Atlantic and Temasek. Mafengwo operates in a competitive market with competitors including Trover, Rex, Framey, Locationscout and Roadlike, among others.
- Headquarter Beijing, China
- Stage Unicorn
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Sectors
Travel & Hospitality
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Phone
*********
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Website
*********
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Social
*********
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$488 M (USD)
in 7 rounds
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Latest Funding Round
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Investors
Tencent
& 10 more
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Employee Count
Employee Count
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Acquired by
Wangfujing Group
(May 25, 2022)
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Funding Insights of Mafengwo
Mafengwo has successfully raised a total of $488M across 7 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 7
- Last Round Last Round
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First Round
First Round
(01 Jun 2011)
- Investors Count 10
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2023 | Amount | Series E - Mafengwo | Valuation | Guiyang Venture Capital |
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| May, 2019 | Amount | Series D - Mafengwo | Valuation | Tencent | |
| Dec, 2017 | Amount | Series D - Mafengwo | Valuation | General Atlantic , Ocean Link |
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| 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 Mafengwo
Mafengwo has secured backing from 11 investors, including venture fund and institutional investors. Prominent investors backing the company include Tencent, General Atlantic and Temasek. 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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Founded Year | Domain | Location | |
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Private equity fund focused on global markets
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Founded Year | Domain | Location | |
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Venture capital investments are directed toward multiple sectors.
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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 Mafengwo
| 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 - Mafengwo
| 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 |
Mafengwo Comparisons
Competitors of Mafengwo
Mafengwo 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 Trover, Rex, Framey, Locationscout and Roadlike, 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 |
Online social platform for travelers
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| domain | founded_year | HQ Location |
Veterinary appointments for pets are booked via an app-based platform.
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| domain | founded_year | HQ Location |
Online platform for travellers to discover & share travel photos
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| domain | founded_year | HQ Location |
An app-based platform for discovering and sharing travel photos.
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| domain | founded_year | HQ Location |
Offers a travel app to capture and manage user memories.
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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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Latest news on Mafengwo
Frequently Asked Questions about Mafengwo
When was Mafengwo founded?
Mafengwo was founded in 2010 and raised its 1st funding round 1 year after it was founded.
Where is Mafengwo located?
Mafengwo is headquartered in Beijing, China.
Is Mafengwo a funded company?
Mafengwo is a funded company, having raised a total of $488M across 7 funding rounds to date. The company's 1st funding round was a Series D of $133M, raised on Jun 01, 2011.
What does Mafengwo do?
Mafengwo was founded in 2010 in Beijing, China, as an online platform in the travel sector. User-generated content, including reviews and downloadable travel guides, is hosted to assist planning. Access to travel products is facilitated through the site. A social community is maintained for connecting enthusiasts, with an Instagram-like feature named Wengweng where geotagged travel photos are uploaded by users. Operations focus on the Chinese market via mafengwo.cn.
Who are the top competitors of Mafengwo?
Who are Mafengwo's investors?
Mafengwo has 11 investors. Key investors include Tencent, General Atlantic, Temasek, Qiming Venture Partners, and Wangfujing Group.
What is Mafengwo's valuation?
The valuation of Mafengwo is $2B as of May 2019.
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