# 52panghu.com

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/52panghu-com

- Industry: Marketing/Advertising
- Headquarters: Beijing, China
- Website: www.52panghu.com
- Total disclosed funding: $137M
- Latest round: Series C (Jan 29, 2022)
- Investors on record: 11

## About

Established in 2015 and based in Beijing, China, 52panghu.com is a second-hand luxury goods trading platform. As of 2020, the company adopted the business model of business to customer, by live streaming and e-commerce, which goods turnover rate monthly reached 70%, and accumulated more than 1 million private customers. Besides, the company opened offline store in Beijing in 2021, and the average customer unit price of the store exceeds CNY 25,000. Moreover, the company cooperated with brands, such as Bally, Joomi Lim, Colorpoint.


The company developed second-hand luxury goods trading platform that provides  recycling, sales, valuation, maintenance of luxury goods. Products include bags and watches. Moreover, the company developed a SaaS software, Panghu Yunji, which integrated over 6,000 merchants. Also, the company provides brands operation and brand incubation.

## Funding rounds

- Series C, Jan 29, 2022, $45M — Hedgestone Capital, JHF Investment, INCE Capital
- Series C, Jun 17, 2021, $50M — ATM Capital, Befor Capital, INCE Capital, Focustar Capital
- Series B, May 12, 2020, $25M — Fortune Capital, Befor Capital, INCE Capital
- Series A, Jan 15, 2018, $15M — MultiGo Capital, 1898 Venture Capital, Yizan Capital
- Angel, Nov 23, 2015, $1.6M — TusStar

## Investors

- TusStar (https://capitalatlas.ai/funds/tusstar) — Angel
- MultiGo Capital (https://capitalatlas.ai/funds/multigo-capital) — Series A
- 1898 Venture Capital (https://capitalatlas.ai/funds/1898-venture-capital) — Series A
- Yizan Capital — Series A
- Fortune Capital — Series B
- Befor Capital (https://capitalatlas.ai/funds/befor-capital) — Series B, Series C
- INCE Capital (https://capitalatlas.ai/funds/ince-capital) — Series B, Series C
- ATM Capital (https://capitalatlas.ai/funds/atm-capital) — Series C
- Focustar Capital (https://capitalatlas.ai/funds/focustar-capital) — Series C
- Hedgestone Capital — Series C
- JHF Investment (https://capitalatlas.ai/funds/jhf-investment) — Series C