# Shandiangou

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

- Industry: Consumer Services
- Headquarters: Hangzhou, China
- Website: www.52shangou.com
- Total disclosed funding: $25M
- Latest round: Series B (Aug 20, 2015)
- Investors on record: 4

## About

Shandiangou is a technology-driven company that enhances community retail experiences by integrating digital solutions with local businesses, primarily through its app that facilitates rapid delivery from convenience stores.Founded in 2014 in Hangzhou, China, Shandiangou specializes in digital retail solutions, focusing on community-based convenience stores. The company was co-founded by Yongsen Wang, who has a background in technology entrepreneurship. Shandiangou has secured a total of CNY 267 million in funding through three deals, with the most recent being a Series C round led by Alibaba Group on August 2, 2016.Shandiangou primarily offers a suite of digital solutions aimed at enhancing community retail experiences through the integration of technology and local businesses. Their flagship product, the '???' app, enables users to access community-based convenience stores with delivery options promising orders within 30 minutes. This application serves over 30,000 community convenience stores across major Chinese cities such as Shanghai, Guangzhou, and Shenzhen, facilitating a seamless online-to-offline customer experience. The company provides comprehensive digital retail solutions, including strategic consulting, membership management, and platform systems designed for large retail chains, thereby streamlining operations and enhancing customer engagement. Additionally, their services extend to community life and commercial operation, addressing the needs of local residents for quality products and services while fostering economic development through partnerships with various property management companies.Shandiangou generates revenue through a multi-faceted business model that includes partnerships with retail clients and service subscriptions. Transactions typically occur through business-to-business agreements where large retail chains engage the company for comprehensive digital solutions, encompassing strategic consulting and operational management. The firm also supports direct-to-consumer sales via its app, providing community residents with access to a wide range of products and services from local stores. Revenue is further driven by transaction fees associated with orders processed through the app, enhancing the purchasing power of community consumers while creating a sustainable income stream for partnered convenience stores. Overall, the company capitalizes on its extensive client base and partnerships, establishing a robust framework for revenue generation aligned with the evolving landscape of community commerce.Shandiangou plans to leverage its Series C funding of CNY 267 million raised in August 2016 to enhance its app capabilities and expand its service offerings. Upcoming product launches include advanced features for the '???' app aimed at improving user experience and operational efficiency. The company is targeting expansion into more cities across China by the end of 2024, enhancing its footprint in the community retail sector. This strategic approach is expected to strengthen its market position and drive growth through increased user engagement and partnerships.

## Funding rounds

- Series B, Aug 20, 2015, $25M — Shunwei Capital, H Capital, Vision Plus Capital, MPC
- Series A, Jan 1, 2015 — Vision Plus Capital, MPC

## Investors

- Vision Plus Capital (https://capitalatlas.ai/funds/vision-plus-capital) — Series A, Series B
- MPC — Series A, Series B
- Shunwei Capital (https://capitalatlas.ai/funds/shunwei-capital) — Series B
- H Capital (https://capitalatlas.ai/funds/h-capital) — Series B