Shunwei Capital leads $8.2m Series B round for B2B fashion firm Yishou

Shunwei Capital has led a 55 million yuan ($8.2 million) Series B funding round for wholesale women clothing company Yishou, according to a LinkedIn post by the VC firm.

Shunwei Capital had earlier participated in Yishou’s Series A financing in October 2017.

Matrix Partners China and Huaxing Growth Capital, the private equity arm of China Renaissance, also participated in the round.

Established in 2014, Yishou currently caters to about 3.9 million women’s clothing stores in China. The majority of its clientele is physical stores, while it also covers mid- to high-end online stores.

Yishou allows shop owners to place orders on its platform and then deliver on behalf of them within the wholesale market. It claims to currently maintain more than 10,000 SKUs per day and update 2,000 SKUs daily.

The company’s monthly sales have increased to above 100 million yuan in December 2018 from 8 million yuan in December 2016. It expects the growth rate would expand by about three times in 2019.

Shunwei Capital late last year raised its fourth USD-dominated fund at $1.21 billion, bringing its total managed capital to nearly $3 billion across USD funds. The firm also manages 2 billion yuan in two RMB-dominated funds.

It recently invested in ride-hailing firm GOJEK, Hong Kong-based logistics startup Lalamove, India-based LoanTap and Zomato, and Nreal.ai.

Shunwei Capital was co-founded by Xiaomi founder Jun Lei in 2011. Its management team comprises industry veterans who have invested in more than 200 startups, it says on its website.

Also Read:

Shunwei Capital eyes social e-commerce in India, later-stage deals in Indonesia in 2019

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.