COMPANY INFO
Shein, officially founded in October 2008 by entrepreneur Chris Xu, is a global e-commerce platform specializing in fast fashion with over 16,000 employees as of 2024. Headquartered in Singapore, Shein offers a wide range of affordable fashion items including women's, men's, and children's apparel, accessories, and cosmetics, targeting consumers worldwide through its website shein.com in the retail industry (Wikipedia).
Shein is a global e-commerce giant founded in 2008 by Chris Xu, operating in the retail industry. Renowned for its extensive catalog of affordable fast fashion targeting women, men, and children, Shein has rapidly expanded to serve consumers worldwide. Headquartered in Singapore, Shein employs over 16,000 people as of 2024 and has built a highly efficient logistics and supply chain network, empowering it to meet global demand through its website and extensive warehouse system.
Shein’s funding journey has been notable for its ability to attract substantial capital from prominent venture capital firms and strategic investors. With a total of $3.19B raised across four funding rounds, Shein has executed a funding strategy focused on fueling aggressive growth, expanding its market footprint, and scaling its technological and operational capabilities. Key milestones include large late-stage rounds aimed at international expansion and product development, as well as earlier rounds to broaden its reach and solidify its position in the fast-fashion sector. Shein’s funding strategy underscores its ambition to maintain its edge in the highly competitive e-commerce and fast fashion arena.
This Series D round was designed to support Shein’s late-stage growth, accelerate its international market expansion, and reinforce its supply chain and logistics infrastructure.
The Angel round bolstered Shein’s early-stage investment needs and provided strategic support for continued growth initiatives.
The Series C round gave Shein the resources needed to scale operations, enhance product offerings, and drive technical innovation in its platform and logistics network.
Funds from this Series B round helped Shein expand its market presence and diversify its product lines to reach a broader global audience.
Sequoia Capital is one of the most prominent venture capital firms globally, leading Shein’s Series D round and supporting the company through its late-stage international growth and expansion initiatives.
A growth equity investor with a global footprint, General Atlantic participated in the Series D round, bringing deep expertise in scaling technology and consumer businesses internationally.
Mubadala, the Abu Dhabi state investment fund, has provided strategic capital to Shein, supporting its aggressive market expansion and global ambitions.
Tiger Global Management led Shein’s Series C round to drive scaling efforts and operational improvements during a key growth phase.
A venture capital firm focused on high-growth technology companies, General Catalyst joined the Series C round, providing capital and strategic insights into product development.
IDG Capital was a lead investor in the Series B round, catalyzing Shein’s early international growth and enabling broader market access.
As part of Shein’s investor syndicate, JAFCO Asia contributed to multiple stages of Shein’s fundraising, supporting its growth trajectory in the fast-fashion and e-commerce sectors.
HSG participated in funding Shein’s growth and operational expansion, enhancing its logistical capabilities.
Marcelo Claure, an influential investor and business executive, was involved in the Angel round, offering strategic advice and capital during an early period of Shein’s development.
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