About WuKongBao
WuKongBao is a company based in Beijing (China) founded in 2015.. WuKongBao has raised $26.23 million across 4 funding rounds from investors including 58City, Yeepay and Plum Ventures. WuKongBao operates in a competitive market with competitors including MoneyHero, Suning Finance, Datebao, 17doubao and Xiaoyusan, among others.
- Headquarter Beijing, 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
$26.23 M (USD)
in 4 rounds
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Latest Funding Round
$8.69 M (USD), Series B
Jun 20, 2019
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Investors
58City
& 4 more
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Employee Count
Employee Count
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Funding Insights of WuKongBao
WuKongBao has successfully raised a total of $26.23M across 4 strategic funding rounds. The most recent funding activity was a Series B round of $8.69 million completed in June 2019. 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 B — $8.7M
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First Round
First Round
(11 Oct 2015)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2019 | Amount | Series B - WuKongBao | Valuation | Plum Ventures , 58City |
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| Oct, 2018 | Amount | Series B - WuKongBao | Valuation | 58City | |
| May, 2016 | Amount | Seed - WuKongBao | Valuation |
investors |
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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 WuKongBao
WuKongBao has secured backing from 5 investors, including venture fund and institutional investors. Prominent investors backing the company include 58City, Yeepay and Plum Ventures. 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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Plum Ventures is recognized as a leading early-stage investment firm in China.
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Founded Year | Domain | Location | |
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Early-stage tech investments are made by Hwazing in China-focused sectors.
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Founded Year | Domain | Location | |
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Online second-hand listing platform offering multi-category products and services
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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 WuKongBao
| 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 - WuKongBao
| 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 |
Wukongbao Comparisons
Competitors of WuKongBao
WuKongBao 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 MoneyHero, Suning Finance, Datebao, 17doubao and Xiaoyusan, 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 |
Online comparisons of insurances and loans are facilitated.
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| domain | founded_year | HQ Location |
Financial products are offered via an online platform.
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| domain | founded_year | HQ Location |
Operates as an online platform for comparing and purchasing discounted insurance products.
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| domain | founded_year | HQ Location |
Healthcare insurance is distributed online to corporates and individuals.
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| domain | founded_year | HQ Location |
Online insurance aggregator 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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Latest news on Wukongbao
Frequently Asked Questions about WuKongBao
When was WuKongBao founded?
WuKongBao was founded in 2015.
Where is WuKongBao located?
WuKongBao is headquartered in Beijing, China.
Is WuKongBao a funded company?
WuKongBao is a funded company, having raised a total of $26.23M across 4 funding rounds to date. The company's 1st funding round was a Seed of $15.24M, raised on Oct 11, 2015.
What does WuKongBao do?
WuKongBao is an insurance distribution platform. It provides users with customized insurance products and services such as insurance for cars, electric vehicles, medical, travel, e-commerce platforms etc. The company partners with Internet platforms like 58.com to dispense insurance products to consumers.
Who are the top competitors of WuKongBao?
WuKongBao's top competitors include MoneyHero, Suning Finance and 17doubao.
Who are WuKongBao's investors?
WuKongBao has 5 investors. Key investors include 58City, Yeepay, Plum Ventures, Guohua Life Insurance, and Hwazing.