# Panda Not Go

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/panda-not-go

- Industry: Food
- Headquarters: Huizhou, China
- Website: www.xiongmaodangao.com
- Total disclosed funding: $15M
- Latest round: Series B (Sep 24, 2021)
- Investors on record: 3

## About

Established in 2017 and based in Huizhou, China, Panda Not Go is a cake e-commerce company that provides birthday cakes for customers. In September 2021, the company raised RMB 100 million in series B funding from XVC. The company has more than 2,000 employees in more than 20 cities, of which 70% are blue-collar workers, including more than 700 distribution personnel and more than 600 production personnel.

Its cakes include classic series, multi spell series, children's series, birthday series and so on. The delivery clerk will dress up as a panda and provide services such as dancing, magic and clown performance. At present, it has been stationed in 24 cities, with more than 20 million users, a monthly revenue of more than 70 million yuan, and the user repurchase rate exceeds 50%.

## Funding rounds

- Series B, Sep 24, 2021, $15M — XVC
- Series A, Mar 12, 2020 — IDG Capital, Datou Capital

## Investors

- IDG Capital (https://capitalatlas.ai/funds/idg-capital) — Series A
- Datou Capital (https://capitalatlas.ai/funds/datou-capital) — Series A
- XVC — Series B