# 59 Store

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/59-store

- Industry: Retail
- Headquarters: Shanghai, China
- Website: www.59store.com
- Total disclosed funding: $4.9M
- Latest round: Series A (Mar 4, 2015)
- Investors on record: 3

## About

59 Store is a retail platform that connects consumers with a wide range of products, providing efficient online shopping experiences. It facilitates transactions across numerous categories, enhancing convenience for buyers.59 Store operates as a retail platform offering a variety of products. Founded in 2014 in Shanghai, China, the company has successfully completed 4 deals, with its most recent funding round occurring on August 1, 2017. During this round, it raised CNY 200.000 mn, led by Shenzhen Capital Group, with participation from investors including 9F Jinke Holding Group Co., Ltd. and Legend Capital. The total amount raised to date is CNY 200.000 mn, with a current company valuation of CNY 1,400.000 mn.59 Store's core offerings center around an online marketplace that provides a seamless shopping experience. The platform connects buyers to a diverse range of products, including electronics and fashion items, catering to individual consumers and small to medium-sized businesses. The service is designed to enhance purchasing convenience, especially targeting urban centers where e-commerce is growing rapidly.The company generates revenue through a structured transaction model that incorporates B2B and direct-to-consumer sales. Retailers pay a fixed monthly subscription fee to list their products on the platform, alongside transaction fees based on sales. Additional revenue streams include premium listings and advertising options for merchants, ensuring a varied income model that supports operational growth.59 Store plans to leverage its recent funding round to develop new product offerings and enhance its service capabilities. The company aims to expand into additional urban markets in China by the end of 2023, enhancing its operational footprint. This strategy follows its most recent funding deal in August 2017, which further secured the financial backing necessary for these expansion initiatives.

## Funding rounds

- Series A, Mar 4, 2015, $4.9M — Legend Capital, Shenzhen Capital Real Estate Fund
- Angel, Jun 1, 2014 — Tunlan Investment

## Investors

- Tunlan Investment (https://capitalatlas.ai/funds/tunlan-investment) — Angel
- Legend Capital — Series A
- Shenzhen Capital Real Estate Fund (https://capitalatlas.ai/funds/shenzhen-capital-real-estate-fund) — Series A