About TOWNEW
TOWNEW is a company based in Shanghai (China) founded in 2014.. TOWNEW has raised $1.54 million across 2 funding rounds from investors including JD.com, Intretech and Dingxiang Capital. TOWNEW operates in a competitive market with competitors including Smartowner and tao-teng, among others.
- Headquarter Shanghai, China
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Sectors
Environment
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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
$1.54 M (USD)
in 2 rounds
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Latest Funding Round
$1.54 M (USD), Series A
Jan 11, 2021
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Investors
JD.com
& 2 more
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Employee Count
Employee Count
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Funding Insights of TOWNEW
TOWNEW has successfully raised a total of $1.54M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $1.54 million completed in January 2021. 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 2
- Last Round Series A — $1.5M
- First Round First Round
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2021 | Amount | Series A - TOWNEW | Valuation | Intretech |
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| Jun, 2018 | Amount | Seed - TOWNEW | Valuation |
investors |
| 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 TOWNEW
TOWNEW has secured backing from 3 investors, including institutional and venture fund investors. Prominent investors backing the company include JD.com, Intretech and Dingxiang 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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Founded Year | Domain | Location | |
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Automotive electronics are manufactured and supplied by the conglomerate.
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Founded Year | Domain | Location | |
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Multi-category consumer products are retailed online by JD.com.
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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 TOWNEW
| 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 - TOWNEW
| 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 |
Townew Comparisons
Competitors of TOWNEW
TOWNEW 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 Smartowner and tao-teng, 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 |
Produces sensor-activated trash bins for home and office use, focusing on touch-free hygiene.
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| domain | founded_year | HQ Location |
Develops innovative technologies for smart trash can solutions.
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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 Townew
Frequently Asked Questions about TOWNEW
When was TOWNEW founded?
TOWNEW was founded in 2014 and raised its 1st funding round 4 years after it was founded.
Where is TOWNEW located?
TOWNEW is headquartered in Shanghai, China.
Is TOWNEW a funded company?
TOWNEW is a funded company, having raised a total of $1.54M across 2 funding rounds to date.
What does TOWNEW do?
TOWNEW was founded in 2014 in Shanghai, China, as an internet-first brand in the consumer goods sector focused on smart home appliances. Trash bins equipped with infrared automatic sensing and thermoplastic sealing technology are produced, enabling detection of garbage levels and automatic bag sealing when full. A buzzer is included to alert users for timely bag removal. Operations center on direct-to-consumer sales through the companys domain.
Who are the top competitors of TOWNEW?
TOWNEW's top competitors include Smartowner and tao-teng.
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