Loading organizations...
Jollychic is a cross-border e-commerce platform based in Hangzhou, China, specializing in selling fashion, electronics, and homeware to global customers, primarily in the Middle East. It connects global manufacturers with over 35 million registered users across 34 countries, also expanding into digital payments through JollyPay. The company achieved a $1 billion unicorn valuation following its Series C funding round in May 2018, bringing total funding to approximately $65 million. Key investors include Sequoia Capital and Legend Capital, and Jollychic acquired Jordanian rival MarkaVIP in 2017. The platform generates annual revenues of around $600 million and employs hundreds to thousands of individuals globally. Jollychic was founded in 2012 by Aaron Li and Ding Wei. Its business model centers on E-commerce sales of consumer goods, generating revenue through online retail of products from world-renowned and startup brands, with gross merchandise value growing over 300% annually in recent years.
Jollychic has raised $65.0M across 1 funding round.
Jollychic has raised $65.0M in total across 1 funding round.
Jollychic has raised $65.0M across 1 funding round. Most recently, it raised $65.0M Series C in August 2019.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Aug 6, 2019 | $65M Series C | G42 | — | Announced |
Jollychic has raised $65.0M in total across 1 funding round.
Jollychic's investors include G42.
