About Merico
Merico is a company based in Chaoyang (China) founded in 2019.. Merico has raised $1.1 million across 2 funding rounds from investors including Polychain, GGV Capital and Legend Star. Merico operates in a competitive market with competitors including AlmavivA, Hedgehog lab, Kontron, Unicorn and Gigster, among others.
- Headquarter Chaoyang, China
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Sectors
Technology
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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
$1.1 M (USD)
in 2 rounds
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Latest Funding Round
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Investors
Polychain
& 3 more
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Employee Count
Employee Count
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Funding Insights of Merico
Merico has successfully raised a total of $1.1M across 2 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 2
- Last Round Last Round
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First Round
First Round
(25 Mar 2019)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2020 | Amount | Seed - Merico | Valuation | GGV Capital , Legend Star |
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| Mar, 2019 | Amount | Seed - Merico | Valuation | Polychain , OSS Capital |
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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 Merico
Merico has secured backing from 4 investors, including venture fund and institutional investors. Prominent investors backing the company include Polychain, GGV Capital and Legend Star. 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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Chinese startups are funded and incubated by Legend Star.
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Founded Year | Domain | Location | |
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Early-stage OSS startups are funded by OSS Capital VC firm.
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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 Merico
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
|
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.
|
2016 |
Financial Statements - Merico
| 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 |
Merico Comparisons
Competitors of Merico
Merico 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 AlmavivA, Hedgehog lab, Kontron, Unicorn and Gigster, 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 |
IT services suite solutions are provided globally by AlmavivA.
|
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| domain | founded_year | HQ Location |
Mobile application development and UX design services are provided.
|
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| domain | founded_year | HQ Location |
Embedded computing platforms are developed for industrial applications.
|
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| domain | founded_year | HQ Location |
Software development services are provided by Unicorn in Prague.
|
|
| domain | founded_year | HQ Location |
Software development services are provided via an AI-powered platform.
|
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| domain | founded_year | HQ Location |
Platform offering digital textbooks for students
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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 Merico
Frequently Asked Questions about Merico
When was Merico founded?
Merico was founded in 2019.
Where is Merico located?
Merico is headquartered in Chaoyang, China. It is registered at Chaoyang, Liaoning, China.
Is Merico a funded company?
Merico is a funded company, having raised a total of $1.1M across 2 funding rounds to date. The company's 1st funding round was a Seed of $1.1M, raised on Mar 25, 2019.
What does Merico do?
Merico was founded in 2019 and is based in Chaoyang, China. Software development services are offered by the company, focusing on various aspects of application and system creation. Operations are centered in the technology sector, with services tailored to client needs in software engineering. The domain merico.cn supports online presence for these activities. Geographic focus remains within China, serving regional and potentially international projects in the software industry.
Who are the top competitors of Merico?
Merico's top competitors include RedShelf, Unicorn and Hedgehog lab.
Who are Merico's investors?
Merico has 4 investors. Key investors include Polychain, GGV Capital, Legend Star, and OSS Capital.