About Migang
Migang is a company based in Shanghai (China) founded in 2014. It operates as a B2C. Migang has raised $9 million across 1 funding round from investors including NewMargin Ventures and CPE. Migang operates in a competitive market with competitors including KoinWorks, Mintos, Assetz Capital, Bondora and CreditEase, among others.
- Headquarter Shanghai, China
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Sectors
Financial Services
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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
$9 M (USD)
in 1 rounds
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Latest Funding Round
$9 M (USD), Series A
Apr 11, 2016
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Investors
NewMargin Ventures
& 1 more
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Employee Count
Employee Count
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Funding Insights of Migang
Migang has successfully raised a total of $9M through 1 strategic funding round. The most recent funding activity was a Series A round of $9 million completed in April 2016. 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 1
- Last Round Series A — $9.0M
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First Round
First Round
(11 Apr 2016)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2016 | Amount | Series A - Migang | 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 |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Migang
Migang has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include NewMargin Ventures and CPE. 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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Early and growth Stage VC firm investing in China
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Founded Year | Domain | Location | |
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Acquisitions are targeted by CPE as a private equity firm.
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
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.
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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.
|
Founded Year | Domain | Location |
Investments & Acquisitions by Migang
| 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.
|
2016 |
Financial Statements - Migang
| 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 |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Migang Comparisons
Competitors of Migang
Migang 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 KoinWorks, Mintos, Assetz Capital, Bondora and CreditEase, 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 |
Developer of a P2P lending platform
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| domain | founded_year | HQ Location |
P2P marketplace for consumer and business loans
|
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| domain | founded_year | HQ Location |
Developer of online P2P marketplace for commercial real estate and business loans
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| domain | founded_year | HQ Location |
Online P2P marketplace for consumer and business loans
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| domain | founded_year | HQ Location |
Financial services in wealth management and microcredit loans are offered.
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| domain | founded_year | HQ Location |
P2P marketplace for consumer and business loans is operated.
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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.
|
|
| 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 Migang
When was Migang founded?
Migang was founded in 2014 and raised its 1st funding round 2 years after it was founded.
Where is Migang located?
Migang is headquartered in Shanghai, China.
Is Migang a funded company?
Migang is a funded company, having raised a total of $9M across 1 funding round to date. The company's 1st funding round was a Series A of $9M, raised on Apr 11, 2016.
What does Migang do?
Migang, backed by 9000000.0 from NewMargin Ventures, CPE, focuses on finance, fintech, lending platforms, and p2p marketplaces. Operates an online P2P marketplace for consumer and business loans. Driving innovation, growth, and excellence in its industry sectors. It continues to evolve, meeting industry challenges with strategic approaches.
Who are the top competitors of Migang?
Migang's top competitors include Bondora, Lufax and CreditEase.
Who are Migang's investors?
Migang has 2 investors. Key investors include NewMargin Ventures, and CPE.