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
*********
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Website
*********
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Social
*********
- 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. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
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.
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Funding Insights of Midea
- Total Funding Total Funding
- Total Rounds 2
- Last Round Post-IPO — $195.9M
- First Round First Round
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2014 | Amount | Post-IPO - Midea | Valuation |
investors |
|
| Dec, 2011 | Amount | Unspecified - Midea | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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. 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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Private equity and private debt firm focused on multiple sectors
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Founded Year | Domain | Location | |
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Multi-category consumer electronics are offered through an internet-first model.
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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
|
Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
|
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 Midea
Midea has strategically engaged in corporate development activities, having acquired 5 companies. Notable acquisitions include ARBONIA climate, Clivet and KUKA. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| 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.
|
2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Indoor climate systems are provided for various solutions.
|
2021 | ||||
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Automotive motors and battery products are manufactured by TTIUM.
|
2015 | ||||
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HVAC systems are manufactured for residential and commercial applications.
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2011 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
|
2017 | ||||
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Bionic investment advisor platform
|
2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 |
Financial Statements - Midea
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Midea Comparisons
Competitors of Midea
| 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 Midea
Frequently Asked Questions about Midea
When was Midea founded?
Midea was founded in 1968 and raised its 1st funding round 43 years after it was founded.
Where is Midea located?
Midea is headquartered in Foshan, China. It is registered at Foshan, Guangdong, China.
How many employees does Midea have?
As of Apr 06, 2024, the latest employee count at Midea is 153.
What is the annual revenue of Midea?
Annual revenue of Midea is $14.25M as on Mar 31, 2023.
What does Midea do?
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.
What products or services does Midea offer?
Midea offers Refrigerators, Washing Machines, Dishwashers, Kitchen Appliances, and Vacuum Cleaners.
How many acquisitions has Midea made?
Midea has made 5 acquisitions, including ARBONIA climate, Clivet, and KUKA.
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