# Flash Delivery

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/flash-delivery

- Industry: Consumer Services
- Headquarters: Beijing, China
- Website: www.ishansong.com
- Total disclosed funding: $357M
- Latest round: Series D (Mar 30, 2021)
- Investors on record: 22

## About

Based in Beijing, China and founded in 2013, Flash Delivery operates as a logistics service company dedicated to providing in-city delivery service. The founder and CEO of the company, Peng Xue graduated from Royal Holloway, University of London. The company cooperates with Haidilao Group, Buynow, and China Merchants Bank. In March 2021, it raised USD 125 million in series D funding. In October 2024, Flash Delivery raised USD 66 million in an IPO, selling 4 million shares at USD 16.5 per shares on the NASDAQ.

Flash Delivery operates as an in-city logistic service platform that provides services including express delivery and distribution via mobile application. It provides express delivery service directly delivered by a dedicated person in the same city. The platform has online ordering function, which users can fill in the sending and receiving information to place an order on WeChat, App, and the Flash Delivery official website. The platform is also having merchant version and enterprise version. At present, flash delivery has opened in 295 cities.

The company generates revenue by providing the intra-city logistic service platform to provides express delivery, distribution, and other related services.

The company will use the funding to expand customer base and increase market penetration, build brand image, invest in technology and research and development, and fund working capital needs and potential strategic investments and acquisitions.

## Funding rounds

- Series D, Mar 30, 2021, $125M — Axiom Asia Private Capital, SIG Asia Investment, Tiantu Capital, Shunwei Capital, N5 Capital, Qianshan Capital, Oceanpine Capital, Alpha Square Group, CF Capital
- Series D, Aug 27, 2018, $60M — SIG Capital, Hearst Ventures, Shunwei Capital, N5 Capital, Lighthouse Capital, V Star Capital, Oceanpine Capital, BHG Long Hills Capital
- Series C, Aug 8, 2017, $12M — WestSummit Capital
- Series C, Jun 5, 2017, $50M — Hearst Communications, Inc., Shunwei Capital, Prometheus Capital, Beijing Hualian Group
- Series C, Feb 6, 2017, $50M — SIG Asia Investment, Prometheus Capital, Yi Capital
- Series B, Aug 21, 2016, $10M — Tiantu Capital
- Series B, Aug 1, 2015 — Tiantu Capital
- Series B, Jul 29, 2015, $50M — JD Capital, Lighthouse Capital
- Series A, Jun 13, 2014 — CDH Investments, MPC
- Angel, Mar 1, 2014 — MPC

## Investors

- MPC — Angel, Series A
- CDH Investments (https://capitalatlas.ai/funds/cdh-investments) — Series A
- JD Capital (https://capitalatlas.ai/funds/jd-capital) — Series B
- Lighthouse Capital (https://capitalatlas.ai/funds/lighthouse-capital) — Series B, Series D
- Tiantu Capital (https://capitalatlas.ai/funds/tiantu-capital) — Series B, Series D
- SIG Asia Investment (https://capitalatlas.ai/funds/sig-asia-investment) — Series C, Series D
- Prometheus Capital (https://capitalatlas.ai/funds/prometheus-capital) — Series C
- Yi Capital (https://capitalatlas.ai/funds/yi-capital) — Series C
- Hearst Communications, Inc. — Series C
- Shunwei Capital (https://capitalatlas.ai/funds/shunwei-capital) — Series C, Series D
- Beijing Hualian Group — Series C
- WestSummit Capital (https://capitalatlas.ai/funds/westsummit-capital) — Series C
- SIG Capital (https://capitalatlas.ai/funds/sig-capital) — Series D
- Hearst Ventures (https://capitalatlas.ai/funds/hearst-ventures) — Series D
- N5 Capital (https://capitalatlas.ai/funds/n5-capital) — Series D
- V Star Capital (https://capitalatlas.ai/funds/v-star-capital) — Series D
- Oceanpine Capital (https://capitalatlas.ai/funds/oceanpine-capital) — Series D
- BHG Long Hills Capital (https://capitalatlas.ai/funds/bhg-long-hills-capital) — Series D
- Axiom Asia Private Capital (https://capitalatlas.ai/funds/axiom-asia-private-capital) — Series D
- Qianshan Capital — Series D
- Alpha Square Group — Series D
- CF Capital — Series D