About Magic Box Citybox
Magic Box Citybox is a company based in Shanghai (China) founded in 2016 by Shen Bowei and Wang Qiang.. Magic Box Citybox has raised $40 million across 2 funding rounds from investors including GGV Capital, Yunqi Partners and Blue Lake Capital. Magic Box Citybox operates in a competitive market with competitors including Ubox, Beijing Freebee Electronic Commerce, SmartRetail, Hefei Midea Intelligent Technology and Meiweishenghuo, among others.
- Headquarter Shanghai, China
- Founders Shen Bowei, Wang Qiang
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Sectors
ConsumerRetail
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Email
***********
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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
$40 M (USD)
in 2 rounds
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Latest Funding Round
$25 M (USD), Series B
May 14, 2018
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Investors
GGV Capital
& 3 more
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Employee Count
Employee Count
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Funding Insights of Magic Box Citybox
Magic Box Citybox has successfully raised a total of $40M across 2 strategic funding rounds. The most recent funding activity was a Series B round of $25 million completed in May 2018. 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 2
- Last Round Series B — $25.0M
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First Round
First Round
(01 Sep 2017)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2018 | Amount | Series B - Magic Box Citybox | Valuation |
investors |
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| Sep, 2017 | Amount | Series A - Magic Box Citybox | Valuation | GGV Capital , Yunqi Partners |
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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 Magic Box Citybox
Magic Box Citybox has secured backing from 4 investors, including venture fund investors. Prominent investors backing the company include GGV Capital, Yunqi Partners and Blue Lake 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 is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location | |
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Investments are made in tech startups by Yunqi Partners.
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Founded Year | Domain | Location | |
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Blue Lake Capital is focused on investing in digital innovation.
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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 Magic Box Citybox
| 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 |
Financial Statements - Magic Box Citybox
| 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 |
Magic Box Citybox Comparisons
Competitors of Magic Box Citybox
Magic Box Citybox 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 Ubox, Beijing Freebee Electronic Commerce, SmartRetail, Hefei Midea Intelligent Technology and Meiweishenghuo, 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 |
Smart vending machines with O2O features are produced by Ubox.
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| domain | founded_year | HQ Location |
Self check-out solutions are provided for retail stores.
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| domain | founded_year | HQ Location |
Smart vending machines with AI customer profiling are provided.
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| domain | founded_year | HQ Location |
Smart vending machines are operated using sensor and vision technologies.
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| domain | founded_year | HQ Location |
Manufactures and supplies smart vending machines
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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 Magic Box Citybox
When was Magic Box Citybox founded?
Magic Box Citybox was founded in 2016 and raised its 1st funding round 1 year after it was founded.
Where is Magic Box Citybox located?
Magic Box Citybox is headquartered in Shanghai, China.
Who is the current CEO of Magic Box Citybox?
Shen Bowei is the current CEO of Magic Box Citybox. They have also founded this company.
Is Magic Box Citybox a funded company?
Magic Box Citybox is a funded company, having raised a total of $40M across 2 funding rounds to date. The company's 1st funding round was a Series A of $15M, raised on Sep 01, 2017.
What does Magic Box Citybox do?
Magic Box Citybox was founded in 2016 in Shanghai, China, focusing on retail technology. Smart vending machines are offered to offline retailers, enabling programming for loyalty programs, discounts, targeted advertisements, and upselling. Each unit includes mobile payment integration, task management, and remote control capabilities. Operations center on supporting store owners with these automated retail solutions in the Chinese market.
Who are the top competitors of Magic Box Citybox?
Magic Box Citybox's top competitors include Ubox, Beijing Freebee Electronic Commerce and SmartRetail.
Who are Magic Box Citybox's investors?
Magic Box Citybox has 4 investors. Key investors include GGV Capital, Yunqi Partners, Blue Lake Capital, and Zhen Fund.