Furniture B2C E-commerce Platform Ihomefnt Wins RMB 1 Bln Series B
36Kr.com, 9/18/18
Jiangsu-based Ihome Jiaju Yongpin, operator of B2C furniture e-commerce platform Ihomefnt (Aijia Home Furnishing), won RMB 1.0 bln in Series B funding last month from Tiantu Capital at a valuation of more than USD 1.0 bln.
Ihomefnt has served more than 20,000 users in 160 real estate projects in 18 provinces across China. The contract amount on annual orders has grown exponentially since its 2015 launch, when it only had RMB 20 mln. Orders reached RMB 1.76 bln in 2016, RMB 10.39 bln in 2017, and are expected to hit RMB 30 bln in 2018. Ihomefnt partners with more than 50 home furniture brands, nearly 10 nationally famous home decorating brands, and nearly 10 materials and equipment suppliers.
Ihomefnt is planning to undertake a large-scale expansion nationwide over the next two years.
Ihomefnt previously won RMB 100 mln in Series A funding from Shenzhen Fortune Venture Capital and Zhisland Capital in September 2016.
Editor's Note: For more information on this topic, please see Furniture B2C E-commerce Platform Ihomefnt Wins RMB 100 Mln Series A, MD 9/26/16 issue.
Keywords: e-commerce Internet funding valuation B2C Series B Tiantu Capital Ihomefnt Ihome Jiaju VC
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