Get the free version of Marbridge Daily delivered to your inbox

Click here to subscribe

Self-service Snack Shelf Operator Lingwa Secures RMB 8-digit Series A, 8/22/17

Hangzhou-based Lingdaiwa Network Technology, operator of office-focused self-service snack shelf brand Lingwa, recently received RMB 8-digit Series A funding from Long Hill Capital.

Lingwa deploys shelves filled with snacks, beverages, and fruits throughout partnering offices. Office workers scan a QR code to enter Lingwa's product selection and purchasing interface, where after selecting a product they can complete payment using mobile payment services WeChat Pay and Alipay.

The company also has a back-end management platform which provides offices with features including wholesale purchasing, product management, consumption record inquiry, and bill verification.

Lingwa allows snacks to be offered to employees as a company benefit, and also allows employees to pay for items themselves. Approximately one out of every nine products are given to employees as a company benefit. Lingwa is also working to add a video camera with a voice notification feature to its shelves, which will be able to capture user data via facial recognition.

Lingwa has deployed its shelves in Hangzhou and Shanghai, bringing in RMB 7-digits in monthly revenue.The company has deployed shelves in over 1,000 locations in Hangzhou, and is approaching 1,000 locations in Shanghai as well.

Lingdaiwa previously received RMB 8-digit pre-Series A funding in April from Zhizhuo Capital and RMB 7-digit angel funding in 2015 from Duoniu Investment Management, Yinxinggu Investment, and other investment institutions including Zhejiang University's Le Chuanghui alumni association.

Keywords: Lingdaiwa Lingwa retail wireless mobile payment funding Long Hill Capital VC snack shelf


Please note, all fields are required.
None of your personal information will be shared with third parties.



The information contained in this newsletter is based upon sources that Marbridge Consulting believes to be reliable, and we have made every effort to translate the original articles or article excerpts as faithfully as possible. However, Marbridge Consulting makes no warranty of and assumes no legal responsibility for the accuracy of either the original source material or the English language translations.

Marbridge Daily Premium

Interested in gaining full access to all newsletter articles and the Marbridge Daily archive? To learn more about premium subscription options, including pricing, please:

Click here

Marbridge Consulting RSS Feed

Marbridge Reports