Eruditor Group is an online marketplace that connects customers with professional service providers across various sectors, including healthcare, beauty, sports, and tutoring. Founded in 2005 and headquartered in Moscow, Russia, the company operates several brands, such as Infodoctor, Kracemasters, and Vash Repetitor. These platforms facilitate access to a diverse range of professionals, including private tutors, sports coaches, beauty specialists, medical professionals, and repair technicians. Eruditor Group serves major cities in Russia, Ukraine, and Kazakhstan, providing a valuable resource for individuals seeking specialized services.
Biren Technology, based in Shanghai, China, specializes in the design and manufacture of intelligent chips and processors tailored for various computing architectures, including GPU and DSA. The company operates in the high-tech sector, focusing on both hardware and software solutions. Its hardware division develops a range of computing solutions that blend versatility with specificity, while its software department is led by experienced industry professionals. The company also conducts frontier research on new intelligent computing systems, emphasizing innovative architectures and advanced compilation technologies. Biren Technology aims to provide integrated solutions for applications such as cloud computing, artificial intelligence training, graphics rendering, and high-performance general-purpose computing, enabling clients to utilize domestic chip solutions and achieve significant technological advancements.
Private Equity Round in 2021
Algorithmika is an educational service focused on teaching children programming and related subjects. The company provides a range of courses that include programming, mathematics, and algorithmic training, designed to prepare young learners for future opportunities and enhance their academic success. The platform emphasizes a comfortable and effective learning environment, ensuring that children can engage with the material in a way that promotes ease of understanding and retention. Through its innovative methods, Algorithmika aims to equip the next generation with essential skills that will be beneficial in various aspects of their education and future careers.
Private Equity Round in 2021
DiDi Autonomous Driving, focusing on advanced AD technology research and development, product application and other expanded businesses. DiDi’s advanced technologies, massive data, rich experience along with complete ecosystem in the mobility field will equip DiDi Autonomous Driving to build and operate world’s leading autonomous fleets.
FineEx is a logistics service platform based in Shanghai, specializing in warehousing, distribution, and cash-on-delivery (COD) services tailored for small and medium-sized e-commerce businesses. Originally established as Shanghai Heyi Logistics Co., Ltd. in 2006, FineEx has evolved into a significant player in the logistics sector by integrating warehousing and distribution within the logistics supply chain. The company leverages a national warehousing network and a self-developed logistics system to enhance operational efficiency. By offering comprehensive logistics solutions, FineEx enables brand owners and distributors to reduce warehousing costs, improve inventory turnover, and enhance delivery efficiency, thereby contributing to an improved customer experience in both e-commerce and traditional retail sectors.
Codemao is an online education platform that teaches children about computer coding. The programming cat is a graphic programming tool platform developed by Shenzhen Point Cat Technology Co., Ltd. It is designed based on the learning characteristics of children and the concept of modern Chinese education. It adopts a different way of creating graphical programming modules than traditional codes and edutainment education concepts through interesting gamification courses and language. The combination of digital and other disciplines allows children to master knowledge in games, quickly understand programming concepts, and exercise their children's logical thinking ability and innovative practical ability. IN 2015, the Shenzhen, Guangdong-based company was established by Tianchi Li and Yue Sun.
SoYoung International Inc, based in Beijing, operates an online platform for discovering and booking medical aesthetic services in China. With its app having garnered 10 million downloads, the company aims to partner with 200 clinics and thousands of plastic surgeons over the next three years, capitalizing on a burgeoning aesthetic medical services market projected to reach $11.3 billion within five years. The business model encompasses several components, including the distribution of professional content through social media, a community driven by user-generated content, online reservation services for aesthetic treatments, and the development and sales of laser and other medical beauty equipment. SoYoung generates revenue through information service fees and reservation service fees from medical aesthetic providers, positioning itself at the intersection of technology and healthcare in a rapidly evolving industry.
Established in 2013, GoGoX is the first app-based platform for delivering goods in Asia, which is dedicated to offering excellent delivery service through innovative technology. Since then, GoGoX has extended its service to various platforms. The company connects individuals and businesses directly to thousands of drivers for their real-time delivery needs and redefines the everyday delivery experience by providing a convenient and efficient service. Over the years, GoGoX has expanded its business from Hong Kong to Singapore, South Korea, Mainland China, Taiwan, and India and will continue to expand globally. In August 2017, GoGoX merged with 58 Suyun, the leader in Mainland China’s intra-city logistics market, and increased GOGOVAN’s presence to over 300 cities, with more than 8 million registered drivers under its network. GoGoVan has announced its rebranding as GoGoX in July 2020.
Incorporated in 2011, Megvii is committed to make greatest value for customers and the whole society with extraordinary technology. Megvii is an Artificial Intelligence company specialized in providing enterprises and developers with intelligent solutions and data services, and is dedicated to the mission of “Create machines that can see and think”. Based on its original deep learning system Brain++, Megvii seeks to build AI Engine, a core fundamental technology powering various AI application. It is leveraging on recognition, control, optimization and other algorithms to connect individuals, objects and scenarios, building a product platform of IoT OS. It is connecting standardized hardware like sensors, robots and personal devices with AI+IoT (AIoT), thus commercializing three application-oriented IoT brains on a large scale, namely, city brain, supply chain brain, and personal life brain. Megvii is building an operation system for the era of AIoT. Megvii is an AIoT solutions expert.
Zhaogang.com is a website that is specialized in steel trading information services for buyers and suppliers. Zhaogang.com obtained ten millions of dollars in angel funding at the end of 2011. It was launched in 2012.
ITutorGroup provides online education platforms for students and business professionals. Its products include VIPABC, TutorABC, VIPABCJr, and TutorABCJr for English-language learning, TutorMing for Mandarin Chinese language learning, and LiveH2H for live translations in multiple languages.
Eric Yang, Jerry Huang, and Ming Yang founded ITutorGroup in 1998, with headquarters in Taipei City in Taiwan. It has additional offices in Shanghai in China and Santa Clara in California.
Private Equity Round in 2014
Detsky Mir is a prominent retailer specializing in children's products, operating a diverse chain of stores that offer a wide range of goods. The company's inventory includes toys, clothing, footwear, products for newborns, art supplies, recreational items, car seats, furniture, and stationery. Detsky Mir has established a significant presence in the market, with 784 retail locations across 303 cities in Russia, Kazakhstan, and Belarus, as well as an online platform and various early learning centers. Founded in 1947 and headquartered in Moscow, Detsky Mir has built a reputation as a trusted source for children's products and services.
Private Equity Round in 2013
RFP Group produces, processes, trades, and sells wood products in Far East of the Russian Federation. The company offers sawnwood for use in the manufacture of buildings, finishing materials, packaging, etc.; roundwood; and veneer for use in the production of high-strength water-resistant structural plywood, plywood used in the inner casing of containers, bases for floor coverings, and laminated structural beams.
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