24tidy cleans up with $30m series C

China-based domestic services booking platform 24tidy has attracted approximately $30m in a series C round backed by Xi’an Jiaotong University Education Foundation, the institution’s philanthropic arm, China Money Network reported yesterday.
The round also featured an unnamed family fund established by the founders of medical device producer Lepu Medical.
Founded in 2012, 24tidy offers domestic products and services mainly aimed at China’s middle classes, such as fresh flowers, plant hire and laundry, through its on-demand platform.
The company has built up a logistics network enabling it to deliver fresh flowers to the customer from Yunnan province in southwest China within 24 hours. 24tidy is currently available in 12 Chinese cities.
The company last raised $21.7m in a March 2017 round also billed as a series C co-led by government-owned conglomerate China Merchants Group’s investment arm, China Merchants Venture Capital Management.
Goldstone Investment, a subsidiary of investment bank Citic Securities, co-led the round with participation from ICII Group.
24tidy obtained tens of millions of dollars of series B funding from VC firm Sequoia Capital in November 2014, after raising a seven-digit dollar sum in its series A that July led by SIP Oriza Seed Fund Management.
The company also received an unspecified amount of funding from angel investors Sin Danji and Kimo Steven Ho at an undisclosed date.