# PapayaMobile

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/papayamobile

- Industry: Internet
- Headquarters: Beijing, China
- Website: www.papayamobile.com
- Total disclosed funding: $22M
- Latest round: Series B (Apr 27, 2011)
- Investors on record: 2

## About

PapayaMobile specializes in providing innovative software solutions that enhance operational efficiency for businesses in logistics and supply chain management, focusing on real-time tracking and analytics.Founded in 2008 in Beijing, China, PapayaMobile develops advanced software to improve operational processes across various sectors. The company went public in May 2016 at a valuation of CNY 2.2 billion. Si Shen, one of the founders, currently serves as CEO. PapayaMobile has completed three deals, with the most recent being a Series B round in which they raised USD 18.00 mn, led by Keytone Ventures and involving DCM as an investor. The total amount raised by the company stands at USD 18.00 mn.PapayaMobile offers a comprehensive suite of software solutions tailored to the logistics and supply chain sectors. Their core products include software that facilitates real-time tracking, inventory management, and predictive analytics, which are designed to enhance efficiency and reduce costs for small to medium-sized enterprises (SMEs) and large multinational corporations. The solutions are marketed primarily in North America, Europe, and Asia, meeting the increasing demand for digital transformation in these regions.In 2015, PapayaMobile reported a revenue of USD 53.99 mn and an EBITDA of USD 6.14 mn, indicating a solid performance in their subscription-based revenue model which allows clients to access software solutions through tiered pricing plans.With the latest funding from the Series B round on May 24, 2016, PapayaMobile is poised to enhance its product offerings and expand into new markets. The company plans to launch new solutions aimed at further streamlining logistics processes and intends to target expansion into Southeast Asia and Europe by 2017. The funding will be utilized to support product development and market entry strategies, reinforcing the company's position in the competitive landscape.

## Funding rounds

- Series B, Apr 27, 2011, $18M — DCM, Keytone Ventures
- Series A, Jun 24, 2010, $4M — DCM

## Investors

- DCM (https://capitalatlas.ai/funds/dcm) — Series A, Series B
- Keytone Ventures (https://capitalatlas.ai/funds/keytone-ventures) — Series B