About SHEIN
SHEIN is a company based in Singapore (Singapore) founded in 2012 by Chris Xu.. SHEIN has raised $3.19 billion across 4 funding rounds from investors including General Atlantic, Mubadala and Sequoia Capital. SHEIN operates in a competitive market with competitors including ZALORA, Pomelo, Novelship, Stylhunt and Padini, among others.
- Headquarter Singapore, Singapore
- Founders Chris Xu
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Sectors
Retail
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
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Annual Revenue
$5.26 B240937as on Dec 31, 2021
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Net Profit
$197.4 M148672as on Dec 31, 2021
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EBITDA
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Total Equity Funding
$3.19 B (USD)
in 4 rounds
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Latest Funding Round
$2 B (USD), Series D
May 17, 2023
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Investors
General Atlantic
& 6 more
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Employee Count
Employee Count
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Funding Insights of SHEIN
SHEIN has successfully raised a total of $3.19B across 4 strategic funding rounds. The most recent funding activity was a Series D round of $2 billion completed in May 2023. 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 4
- Last Round Series D — $2.0B
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First Round
First Round
(13 Jul 2016)
- Investors Count 7
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2023 | Amount | Series D - SHEIN | Valuation | Sequoia Capital , General Atlantic |
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| Feb, 2023 | Amount | Angel Round - SHEIN | Valuation | Marcelo Claure |
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| Apr, 2022 | Amount | Series C - SHEIN | Valuation | Tiger Global Management , General Catalyst |
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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 SHEIN
SHEIN has secured backing from 7 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include General Atlantic, Mubadala and Sequoia 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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Sequoia Capital is engaged in venture capital investments.
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Founded Year | Domain | Location | |
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Private equity fund focused on global markets
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Founded Year | Domain | Location | |
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Venture and private equity investments are managed with global diversification.
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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 SHEIN
| 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.
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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 - SHEIN
| 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 |
Shein Comparisons
Competitors of SHEIN
SHEIN 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 ZALORA, Pomelo, Novelship, Stylhunt and Padini, 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 |
Multi-category fashion products are retailed online by ZALORA.
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| domain | founded_year | HQ Location |
Operates retail shop for consumer goods and provides logistics warehousing services
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| domain | founded_year | HQ Location |
Multi-category fashion products are offered via an online marketplace platform.
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| domain | founded_year | HQ Location |
Crowd-curated e-commerce shopping is enabled via social media filters.
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| domain | founded_year | HQ Location |
Online retailer of multi-category fashion products for men, women & kids
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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 Shein
Frequently Asked Questions about SHEIN
When was SHEIN founded?
SHEIN was founded in 2012 and raised its 1st funding round 4 years after it was founded.
Where is SHEIN located?
SHEIN is headquartered in Singapore, Singapore.
Who is the current CEO of SHEIN?
Chris Xu is the current CEO of SHEIN. They have also founded this company.
Is SHEIN a funded company?
SHEIN is a funded company, having raised a total of $3.19B across 4 funding rounds to date. The company's 1st funding round was a Series C of $1B, raised on Jul 13, 2016.
What is the annual revenue of SHEIN?
Annual revenue of SHEIN is $5.26B as on Dec 31, 2021.
What does SHEIN do?
SHEIN was founded in 2012 and is headquartered in Singapore. Operations are conducted as an online retailer in the fashion sector, with a catalog encompassing apparel, footwear, jewelry, socks, bags, watches, and accessories for men and women. The domain sheingroup.com is utilized for e-commerce activities. Leadership is provided by founder and CEO Chris Xu.
Who are SHEIN's investors?
SHEIN has 7 investors. Key investors include General Atlantic, Mubadala, Sequoia Capital, Marcelo Claure, and Tiger Global.
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