About SUNMI
SUNMI is a company based in Shanghai (China) founded in 2013 by Wang Zhen, Pater Li, and Jack Lin.. SUNMI has raised $45.29 million across 5 funding rounds from investors including Xiaomi, Ant Group and Shenzhen Capital Group. The company has 4 employees as of April 07, 2024. SUNMI offers products and services including SUNMI V3 MIX, SUNMI P3, SUNMI OS 4.0, and Remote Assistance. SUNMI operates in a competitive market with competitors including Square, Ezetap, Lakala, YeahKa and ITAB, among others.
- Headquarter Shanghai, China
- Employees 4 as on 07 Apr, 2024
- Founders Wang Zhen, Pater Li, Jack Lin
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Sectors
RetailFinancial Services
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Sunmi India Private Limited
- Date of Incorporation 18 Jun, 2018
- Jurisdiction Gurgaon, Haryana, India
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Annual Revenue
$192.3 K (USD)43.55as on Mar 31, 2023
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Net Profit
$20.49 K (USD)41.75as on Mar 31, 2023
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EBITDA
$22.59 K (USD)23.12as on Mar 31, 2023
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Total Equity Funding
$45.29 M (USD)
in 5 rounds
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Latest Funding Round
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Investors
Xiaomi
& 3 more
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Employee Count
4
as on Apr 07, 2024
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Products & Services of SUNMI
SUNMI offers a comprehensive portfolio of products and services, including SUNMI V3 MIX, SUNMI P3, SUNMI OS 4.0, and Remote Assistance. 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.
Enterprise tablet for business operations and applications.
Device for secure transaction processing in retail environments.
Operating system optimized for business device management.
Tool for troubleshooting business devices remotely.
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Funding Insights of SUNMI
SUNMI has successfully raised a total of $45.29M across 5 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 5
- Last Round Last Round
- First Round First Round
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2019 | Amount | Series C - SUNMI | Valuation | Ant Group |
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| Aug, 2017 | Amount | Series C - SUNMI | Valuation |
investors |
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| May, 2015 | Amount | Series B - SUNMI | Valuation | Xiaomi , Shenzhen Capital Group |
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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 SUNMI
SUNMI has secured backing from 4 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include Xiaomi, Ant Group and Shenzhen Capital Group. 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, equity investment, and fund management services in China.
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Founded Year | Domain | Location | |
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Payment processing solution for consumers, small and micro businesses
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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
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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 SUNMI
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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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 - SUNMI
| 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 |
Sunmi Comparisons
Competitors of SUNMI
SUNMI 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 Square, Ezetap, Lakala, YeahKa and ITAB, 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 |
POS solutions are provided for retail businesses.
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| domain | founded_year | HQ Location |
Cloud-based mPOS software and hardware solutions are provided for businesses.
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| domain | founded_year | HQ Location |
POS payment acceptance solution for businesses
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| domain | founded_year | HQ Location |
Software and hardware-based terminals for merchants
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| domain | founded_year | HQ Location |
Self-checkout solutions are provided for retail businesses worldwide.
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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 Sunmi
Frequently Asked Questions about SUNMI
When was SUNMI founded?
SUNMI was founded in 2013 and raised its 1st funding round 1 year after it was founded.
Where is SUNMI located?
SUNMI is headquartered in Shanghai, China.
Who is the current CEO of SUNMI?
Jack Lin is the current CEO of SUNMI. They have also founded this company.
Is SUNMI a funded company?
SUNMI is a funded company, having raised a total of $45.29M across 5 funding rounds to date. The company's 1st funding round was a Series B of $32.27M, raised on Jan 01, 2014.
How many employees does SUNMI have?
As of Apr 07, 2024, the latest employee count at SUNMI is 4.
What is the annual revenue of SUNMI?
Annual revenue of SUNMI is $192.3K as on Mar 31, 2023.
What does SUNMI do?
Founded in 2013 and based in Shanghai, China, SUNMI operates in the POS hardware sector. Android-enabled payment terminals are provided to online-to-offline platforms, software developers, and merchants. Multiple products, including mobile terminals, POS terminals, desktop units, and payment kiosks, are offered with built-in printing for QR code scanning, group payments, and online transactions. A store sense camera featuring 360-degree coverage and AI-based theft prevention technology is also supplied.
What products or services does SUNMI offer?
SUNMI offers SUNMI V3 MIX, SUNMI P3, SUNMI OS 4.0, and Remote Assistance.
Who are SUNMI's investors?
SUNMI has 4 investors. Key investors include Xiaomi, Ant Group, Shenzhen Capital Group, and Hu Zemin.
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