O2O smartphone repair service startup Shanxiuxia receives USD 15M for Series B
Founder: Wang Yuan
Founded in: 2015
Financing status: RMB 100 million (USD 15 million) for Series B financing in 2017
O2O smartphone repair service startup, Shanxiuxia, received USD 15 million for Series B on November 28 to build an on-site smartphone repair ecosystem.
Shanxiuxia is an O2O (Online to Offline) smartphone repair service startup that provides users with standard and reliable on-site smartphone repair services as well as smartphone recycling, smartphone trade-in, software maintenance, and so on. Users can place orders online with a description of their problems via its app or WeChat Official Account, and then it assigns engineers according to the position to offer users high efficiency on-site services.
Founded in 2015 in Hangzhou, Shanxiuxia has grown to become one of the largest smartphone onsite service platforms, with annual sales reaching nearly RMB300 million (USD 45 million), and covering 20 cities nationwide.
This new financing round was led by Matrix Partners China and Shenzhen Cowin Venture Capital Investments Ltd.. This financing round represents the largest single instance of financing in the O2O smartphone repair industry so far. Shanxiuxia will invest RMB 300 million (USD 45 million) in the next three years to upgrade O2O IT product repair services nationwide, and form a deeper strategic cooperation with Huishoubao, a Chinese electronic devices recycling platform based in Shenzhen in southern China’s Guangdong province. Moreover, Shanxiuxia will further invest in market expansion plans to expand its services to more cities in China.
Fresh distribution platform FreshMart receives undisclosed Series A
Founder: Pan Wenwei
Founded in: 2014
Financing status: Undisclosed Series A financing in 2017
Fresh distribution platform, FreshMart, received an undisclosed Series A financing round on November 29 to introduce new retail operational modes.
FreshMart is a fresh distribution platform that provides customers with O2O fresh food delivery services. Users can place orders online, and the company promises to finish the delivery within three hours. It has also opened offline supermarket-supplied fresh food, snack foods, imported foods, and others. Thanks to its optimization and high-efficiency operations, it can support customers with lower prices than traditional supermarkets.
Additionally, it also launched a large experience center in Guangzhou covering an area of 3000 square meters, which integrates household, logistics, and experience centers. Each of its products on sale have a unique e-price that shows the brand, price, production location, and other basic information. Users can pay via their smartphones and choose to have the products they purchased shipped by the company via its logistics center, or manually bring their goods home.
Founded in Guangzhou, the company has attracted more than two million registered users, with 10,000 orders daily. It has more than 40 logistics outlets in Guangzhou that guarantee the delivery can be completed within three hours.
This Series A financing round was led by Tiantu Capital. The company plans to use the funds to introduce new retail technologies to enhance customer experience, as well as expand its service to more areas.
(Top photo from 699pic.com)