Chapter 67: Valuations Soar
In fact, this is Ele.me's fourth financing.
For the first time, Su Quinoa came forward to invest in the Samadhi True Fire Investment Company, six million dollars.
In the second round, Samadhi True Fire, Jingwei China, and Jinshajiang invested a total of 8 million US dollars.
In the third round, $25 million, led by Sequoia Capital, followed by Samadhi True Fire, Jingwei Zhonghua and GSR.
These are all professional investment firms, regardless of the specific company operation.
Therefore, for Lu Yan hiding behind the scenes, even if he investigates it, he doesn't feel anything, and he still feels that this company has a lot of future.
But this time it was different, led by Dianping, with a proposed investment of $80 million and a valuation of $500 million for Ele.me.
The reason why Ele.me was chosen is also to open up a new battlefield outside the field of group buying and fight with Meituan again.
But after careful investigation, it was found that this well-developed local enterprise in Shenghai accepted Lu Yan's venture capital funds at the beginning of its establishment, and it added up to 15 million before and after, occupying a considerable number of shares.
In this case, how can you use Ele.me to fight Meituan takeaway!
But if you don't fight the takeaway war, the best outcome for Dianping is to merge with Meituan as soon as possible.
Otherwise, once it goes downhill and the valuation falls, the investors of previous venture capitals will not agree.
No matter how high the price is, Dianping will buy the shares of "Samadhi True Fire" in Ele.me and reinvest it.
In this way, a business war pattern between Volkswagen and Meituan and Ele.me and Meituan has been formed, and it can also stabilize its market share.
Otherwise, if Meituan is allowed to develop, there will be no hope for Dianping.
Zhang Tao has been in business since then, and he also has an ambition.
He also knows that if Meituan swallows Volkswagen, he will inevitably lose his voice and leave the management.
This is the sorrow of starting a business with venture capital funds, nominally the founder, the boss, but in fact subject to capital everywhere.
It's Lu Yan, this guy, every time he starts with a huge amount of money, which is enviable!
You can have a net worth of one billion yuan by trading stocks, which is really incomparable!
Zhang Tao really has a kind of emotion of both Shengyu and He Shengliang.
In the spacious and bright conference room of the headquarters of Ele.me, I saw the trio of "Samadhi True Fire", Lu Yan, Su Quinoa, and Bao Bufan.
The three of them were actually present, and Zhang Tao's face was happy.
If you want to come alone, it is more likely to rip off.
All three of them came, and it seems that they are not small in their willingness to sell their shares!
In fact, about the "Samadhi True Fire" investment company, the shares of Ele.me. The attitude of the three tends to be the same, and they are all sold.
In the past two years, the real economy has not been very good, and the debt pressure of Baoshi Group is very high.
On Su Quinoa's side, the jewelry industry at home is still as stable as before, but in terms of clothing, exports have plummeted and overcapacity has been overcapacity, so financial support is also needed.
Only Lu Yan is not short of money, and he mainly thinks about the upcoming takeaway war.
If Meituan's funds do not withdraw, it will be difficult for Ele.me to obtain hundreds of millions of dollars in strategic investment. Then the income from this investment has little upside potential.
Ahri, Penguin, JD.com, Dianping, and CITIC Industry Fund will support another takeaway company nine times out of ten.
Of course, these companies are not necessarily on the same side.
Compared with unknown potential opponents, he still feels that Zhang Ahao is more reassuring to him.
Because he had studied some details of the subsidy war between Meituan and Ele.me in the past, which would be useful for future business wars.
For example, Meituan and Ele.me, why is the former coming later?
There is an article with hindsight that says: Because I'm hungry, I ordered takeout when I heard it. If other products are added to the software, it will be a bit strange for the user. But in the Meituan APP, there are multiple takeaway columns, and there will be no such weirdness.
Once the user's phone is running out of space, it is necessary to delete some software ...... that are not commonly used!
......
At the venue, representatives of six companies, including Ele.me, Volkswagen, Sequoia Capital, GSR, Jingwei China and Samadhi True Fire, gathered together to discuss the D round of financing.
Bao Bufan took the lead and said: "I am very optimistic about Eleme, I came this time, in fact, not on behalf of the shareholders of Samadhi True Fire, but on behalf of Bao's Group, I want to participate in the D round of investment." ”
Zhang Tao almost became angry when he heard this.
The price is sky-high, and you don't have to play with this, right?
I already know what the situation of your business is, the general environment is not good, what is the scope here!
said directly: "Mr. Bao, let's come here this time to discuss the true fire of Samadhi and quit Eleme." I've talked to a few others. Let's join forces to buy your company's shares!"
Bao Bufan paused, and immediately smiled awkwardly, "Really?"
Immediately turned his head to look at Lu Yan and Su Quinoa, with an inexplicable expression, and said, "When did you two decide to sell, you didn't tell me in advance, this is the whole thing!"
Su Quinoa was young and inexperienced, and was amused by her cousin's performance.
Coughed and said, "Oh, we said last time that the price is right and it can be sold, so I'll inform everyone!"
Shen Nanpeng of Sequoia Capital said: "Mr. Bao and Mr. Lu ......!"
......
Shen Nanpeng is really a great existence in the domestic venture capital industry, and he has invested in too many well-known companies. And many mergers between competing companies are also promoted by them.
As soon as he spoke, he quickly skipped the rip-off stage, and everyone began to talk about the price.
Lu Yan and others wanted to sell their shares, but they also had to take care of it, but they did not agree immediately.
At the end of the day's negotiations, Bao Bufan invited Lu Yan and Su Quinoa to a river-view restaurant by the Huangpu River for dinner.
"Hey, it's better to be an Internet company, this valuation is like a blow, a year or two of hard work, you can go from nothing to hundreds of millions of dollars.
How many years can you make this money in business!
To be honest, I don't want to sell it anymore!" Bao Bufan sighed.
Lu Yan smiled and said, "That's nothing, let's split the shares of Ele.me held by Samadhi True Fire, sell mine, and you two will keep it!"
When Bao Bufan heard this, his eyes lit up, and he said, "Okay, okay?"
Lu Yan smiled: "What's this? The Meituan under my name takes Ahri's venture capital, and it is easy to take a taxi, but it is Penguin that leads the investment!"
But don't look at the easy and fast drop subsidies that have burned a lot of money, but the market share and the number of users have also risen, and the company's valuation has also gone up, and everyone is not losing!"
Su Quinoa smiled: "I'll follow Brother Lu Yan and quit together!"
Bao Bufan heard this and said, "Then let's sell it together!"
Lu Yan said: "Actually, I think it's better for you to keep those shares." They are afraid of me, and they are much less prepared for you both.
As long as those capitals are sure to use Ele.me and Meituan Takeaway to grab the market, their valuation will increase at least tenfold!"
Bao Bufan glared, "Is it that tall?"
Lu Yan said, "I can help carry the sedan chair!"