Tubatu
Founded Year
2008Stage
Series C | AliveTotal Raised
$216.48MValuation
$0000Last Raised
$200M | 10 yrs agoAbout Tubatu
Tubatu operates as a collaborative platform for home design and decoration. It is a third-party platform for customers, decoration companies, designers, and construction material providers. It takes the internet home improvement platform business as its core, uses big data technology, and connects homeowners and home improvement companies in an online form. The company was founded in 2008 and is based in Shenzhen, China.
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Expert Collections containing Tubatu
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Tubatu is included in 1 Expert Collection, including Unicorns- Billion Dollar Startups.
Unicorns- Billion Dollar Startups
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Latest Tubatu News
Jul 19, 2022
(Yicai Global) July 19 -- Chinese home renovation platform Tubatu.com is retracting its initial public offering application on the Shenzhen stock exchange’s Nasdaq-style ChiNext Board after getting cold feet on reconsidering the wider business environment. Tubatu, which had been hoping to raise as much as CNY704 million (USD104 million), applied to withdraw its IPO application on July 11, the Shenzhen bourse said yesterday. The withdrawal is based on a thorough consideration of the overall market environment and other factors, and the company may restart the listing plan when appropriate, cofounder Wang Guochun said on China’s Twitter-like social media platform Weibo. Tubatu’s road to going public has not been smooth and the application at the Shenzhen bourse was halted three other times since it was submitted in June 2021, either due to financial data expiring or its underwriter being probed by the securities regulator. Each time the review was resumed, only for the firm to finally back out this month. Other interior décor firms have had better luck in going public. Ezviz Network and Arrow Home were both given the greenlight last month. And upholstery company Derucci Healthy Sleep has recently successfully listed. Tubatu logged an 18.7 percent slump in net profit from the year before to CNY70.3 million (USD10.4 million), according to its annual report. Earnings per share tumbled 18.7 percent over the period to CNY0.39 (USD0.06). But its assets swelled 10.7 percent to CNY753 million (USD111.7 million). Set up in July 2008, the interior decoration company is owned by Wang Guobin who holds 49 percent equity. Editors: Shi Yi, Kim Taylor Follow Yicai Global on
Tubatu Frequently Asked Questions (FAQ)
When was Tubatu founded?
Tubatu was founded in 2008.
Where is Tubatu's headquarters?
Tubatu's headquarters is located at Keyan Road No.9, BAK Technology Building, 10th Floor, 1001-A., Shenzhen.
What is Tubatu's latest funding round?
Tubatu's latest funding round is Series C.
How much did Tubatu raise?
Tubatu raised a total of $216.48M.
Who are the investors of Tubatu?
Investors of Tubatu include MPC, HongShan and 58.com.
Who are Tubatu's competitors?
Competitors of Tubatu include iSpace Home and 6 more.
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Compare Tubatu to Competitors
Sunvega specializes in interior design software and provides solutions for the home decoration and custom furniture industries. Their main offerings include 3D home design software that enables users to create detailed and realistic interior designs. Sunvega's software suite caters to various sectors such as custom furniture, ceramics, bathroom, and home renovation, offering integrated solutions for design, manufacturing, and marketing. It was founded in 2013 and is based in Guangzhou, Guangdong.
Kujiale is a high-efficiency online cloud design software platform operating in the interior design and home renovation industry. The platform offers a suite of tools for various design needs including layout planning, hard decoration, custom furniture, lighting, plumbing and electrical design, as well as marketing tools like rendering and virtual photography. Kujiale's services cater to a wide range of sectors including homeowners, real estate professionals, and design agencies. It was founded in 2011 and is based in Hangzhou, Zhejiang .
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June Technology is a financial technology service platform. The company focuses on the risk control management of the evidence chain of decoration loan installments and the in-depth precision marketing of the home improvement ecosystem. It also provides domestic banks with credit risk assessments for home improvement installments and management services. Its main services include marketing systems, survey systems, and wind control systems. It was founded in 2019 and is based in Yubei District, China.
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