About Midea
Midea is a company based in Foshan (China) founded in 1968. It operates as a Direct-to-Consumer (D2C). The company has 153 employees as of April 06, 2024. Midea has completed 5 acquisitions, including ARBONIA climate, Clivet and KUKA. Midea offers products and services including Refrigerators, Washing Machines, Dishwashers, Kitchen Appliances, and Vacuum Cleaners.
- Headquarter Foshan, China
- Employees 153 as on 06 Apr, 2024
- Stage Public
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Sectors
Consumer
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Phone
Locked
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Website
Locked
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Social
Locked
- Legal Name Midea Group
- Date of Incorporation 01 Mar, 2017
- Jurisdiction Basai Road, Haryana, India
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Annual Revenue
$14.25 M (USD)34.78as on Mar 31, 2023
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Net Profit
-$8.09 M (USD)-28.88as on Mar 31, 2023
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EBITDA
-$6 M (USD)-1.41as on Mar 31, 2023
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Latest Funding Round
$195.85 M (USD), Post-IPO
Dec 16, 2014
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Investors
Xiaomi
& 1 more
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Employee Count
153
as on Apr 06, 2024
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Investments & Acquisitions
ARBONIA climate
& 4 more
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Products & Services of Midea
Midea offers a comprehensive portfolio of products and services, including Refrigerators, Washing Machines, Dishwashers, Kitchen Appliances, and Vacuum Cleaners.
Various refrigerator models are offered for diverse needs.
Efficient washing machines are provided for laundry convenience.
Dishwashers are designed for Indian utensils and cleanliness.
Innovative kitchen appliances are crafted for modern cooking.
Different vacuum cleaners are available for home cleaning.
People of Midea
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Funding Insights of Midea
Investors in Midea
Midea has secured backing from 2 investors, including institutional and venture fund investors. Prominent investors backing the company include Xiaomi and CDH.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Private equity and private debt firm focused on multiple sectors
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Locked | Locked | Locked | |
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Multi-category consumer electronics are offered through an internet-first model.
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Locked | Locked | Locked |
Investor details for Midea
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Investments & Acquisitions by Midea
Midea has strategically engaged in corporate development activities, having acquired 5 companies. Notable acquisitions include ARBONIA climate, Clivet and KUKA.
Investment portfolio details for Midea
Portfolio company identities, transaction dates, round details, and investment values require an active premium plan.
- Portfolio identities
- Transaction dates
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| Company Name | Description | Domain | Location | Founded Year | Amount |
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Indoor climate systems are provided for various solutions.
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Locked | Locked | 2021 | Locked | |
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Automotive motors and battery products are manufactured by TTIUM.
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Locked | Locked | 2015 | Locked | |
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HVAC systems are manufactured for residential and commercial applications.
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Locked | Locked | 2011 | Locked |
Complete acquisition details for Midea
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Financial Statements - Midea
Detailed financials for Midea
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Midea Comparisons
Peer comparison for Midea
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Competitors of Midea
Detailed competitors of Midea
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Latest news on Midea
Complete news archive for Midea
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Frequently Asked Questions about Midea
Midea was founded in 1968 and raised its 1st funding round 43 years after it was founded.
Midea is headquartered in Foshan, China. It is registered at Foshan, Guangdong, China.
As of Apr 06, 2024, the latest employee count at Midea is 153.
Annual revenue of Midea is $14.25M as on Mar 31, 2023.
Midea, part of Midea Group, is engaged in the production and distribution of innovative home appliances and smart solutions. The company operates in the consumer goods sector, focusing on household appliances such as refrigerators, washing machines, dishwashers, kitchen appliances, and vacuum cleaners. Products are designed to enhance everyday living by improving efficiency, convenience, and comfort. With a presence in over 200 countries, Midea serves more than 500 million users globally. Operations in India are strengthened through strategic leadership and market expansion initiatives.
Midea offers Refrigerators, Washing Machines, Dishwashers, Kitchen Appliances, and Vacuum Cleaners.
Midea has made 5 acquisitions, including ARBONIA climate, Clivet, and KUKA.