Dingdong Maicai is a fresh vegetable e-commerce platform focus on delivering fresh food to users' doorstep puts it among the few sectors, such as healthcare and online learning.
Dingdong grocery shopping as a representative of new fresh retail, Provide users with more convenient fresh home service Delivery starts at 0 yuan and can be delivered home in as fast as 29 minutes.
Dingdong Maicai was founded in 2014 and is headquartered in Shanghai, Shanghai, China.
Dingdong Maicai adopts a big data-driven approach, predicting future orders through self-developed data models and multi-dimensional predictions based on historical sales data to reduce the slow-loss loss rate; the varieties are mainly concentrated in vegetables and fresh water.
Dingdong Maicai delivers fresh produce to users in 29 Chinese cities, including Beijing, Shanghai, Shenzhen, and Guangzhou. It saw a surge in sales last year due to the COVID-19 pandemic, recording over 850,000 orders per day and monthly revenue of 1.5 billion yuan ($229 million).
Dingdong Maicai is backed by Sequoia China, General Atlantic, Coatue, DST Global, SoftBank's Vision Fund, Qiming Ventures and others. The company raised $330M in Series D+ on May 12, 2021. This brings Dingdong Maicai's total funding to $1.33B to date. The company was valued at $2B from the Series C round raised in May 2020.