# Shanghai CangDou Internet Technology Co.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/shanghai-cangdou-internet-technology-co

- Industry: Consumer Services
- Headquarters: Shanghai, China
- Website: www.nanguache.com
- Total disclosed funding: $28M
- Latest round: Series B (Oct 31, 2017)
- Investors on record: 5

## About

Shanghai CangDou Internet Technology Co., Ltd specializes in providing an innovative online beauty service platform, particularly in the hairdressing sector, enhancing customer convenience through an Online-to-Offline (O2O) appointment system.Founded in 2015 in Shanghai, China, Shanghai CangDou Internet Technology Co., Ltd operates as a beauty service platform known as Pumpkin Car. The company has raised a total of CNY 100.00 mn through its Series B funding round led by SIG Asia Investment, with participation from ANTS Capital. The most recent funding round occurred on December 27, 2021. There is no record of significant pivots or changes in business operations since its inception.Pumpkin Car (???) is a leading internet + beauty service platform established in early 2015, focusing on the O2O model within the hairdressing industry. It enables users to book appointments with professional hairstylists, ensuring a high-quality experience characterized by immediate service without wait times or aggressive sales. The platform serves urban consumers in cities like Shanghai, Hangzhou, and Nanjing, catering to approximately 1.5 million users and managing 101 physical stores to enhance service accessibility.The revenue model of Pumpkin Car is built on direct transactions between customers and hairstylists facilitated by the platform, which eliminates membership fees and promotes a pay-per-service structure. This approach is designed to provide flexibility and enhance customer satisfaction by allowing users to choose services without encountering additional costs or pressure to subscribe to memberships.In December 2021, Shanghai CangDou Internet Technology Co., Ltd filed for bankruptcy, indicating potential challenges ahead. The company has not announced any new products or market expansion plans following this event, and the future utilization of recent funding is currently unclear.

## Funding rounds

- Series B, Oct 31, 2017, $15M — SIG Asia Investment, ANTS Capital
- Series A, Jan 9, 2017 — KYMCO Capital
- Series A, Nov 22, 2016 — ANTS Capital
- Series A, Jan 5, 2016, $10M — IDG Capital, ANTS Capital, DL Capitals
- Angel, Dec 1, 2015, $3M — IDG Capital

## Investors

- IDG Capital (https://capitalatlas.ai/funds/idg-capital) — Angel, Series A
- ANTS Capital — Series A, Series B
- DL Capitals (https://capitalatlas.ai/funds/dl-capitals) — Series A
- KYMCO Capital (https://capitalatlas.ai/funds/kymco-capital) — Series A
- SIG Asia Investment (https://capitalatlas.ai/funds/sig-asia-investment) — Series B