About Wangcl
Wangcl is a company based in Shanghai (China) founded in 2013 by Shao Jie Huang and Yong Ze Peng. It operates as a B2C. Wangcl has raised $23 million across 2 funding rounds from investors including Qifu Capital. Wangcl operates in a competitive market with competitors including Loho, Hawkers, Inmix, Polette and Bacodes, among others.
- Headquarter Shanghai, China
- Founders Shao Jie Huang, Yong Ze Peng
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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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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$23 M (USD)
in 2 rounds
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Latest Funding Round
$23 M (USD), Series B
Dec 30, 2015
- Investors
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Employee Count
Employee Count
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Funding Insights of Wangcl
Wangcl has successfully raised a total of $23M across 2 strategic funding rounds. The most recent funding activity was a Series B round of $23 million completed in December 2015. 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 B — $23.0M
- First Round First Round
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2015 | Amount | Series B - Wangcl | Valuation | QF Capital |
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| Mar, 2015 | Amount | Series A - Wangcl | Valuation | QF Capital |
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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 Wangcl
Wangcl has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Qifu 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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Venture capital investments are managed by Qifu Capital.
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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 Wangcl
| 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 - Wangcl
| 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 |
Wangcl Comparisons
Competitors of Wangcl
Wangcl 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 Loho, Hawkers, Inmix, Polette and Bacodes, 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 |
Eyewear products are sold through online and offline channels.
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| domain | founded_year | HQ Location |
Sunglasses and accessories are provided by vertically integrated eyewear brand.
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| domain | founded_year | HQ Location |
An online private label brand specializing in eyewear.
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| domain | founded_year | HQ Location |
Online retailer specializing in private label eyewear products.
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| domain | founded_year | HQ Location |
Eyewear is retailed online and offline through Bacodes platform.
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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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Frequently Asked Questions about Wangcl
When was Wangcl founded?
Wangcl was founded in 2013 and raised its 1st funding round 2 years after it was founded.
Where is Wangcl located?
Wangcl is headquartered in Shanghai, China.
Who is the current CEO of Wangcl?
Yong Ze Peng is the current CEO of Wangcl. They have also founded this company.
Is Wangcl a funded company?
Wangcl is a funded company, having raised a total of $23M across 2 funding rounds to date.
What does Wangcl do?
Wangcl, based in Shanghai, focuses on retail and e-commerce, operating online marketplaces, eyewear retail, and private label products. Operates as an online-first retailer specializing in private label eyewear for direct consumer sales. The company prioritizes operational excellence, innovation, and customer-centric approaches for success.
Who are Wangcl's investors?
Wangcl has 1 investor. Key investors include Qifu Capital.
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