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Iwjw
An online platform offering online to offline (O2O) house rental services.
Description
Iwjw operated an online platform offering online to offline house rental services. The platform accepted bookings of prospective clients to make ocular visits to houses.
Legal Name
-
Former Legal Name(s)
-
Company Reputation
-
Entity Type
Private limited company
Ownership Status
-
Operational Status
Inactive
Founded Date
2014
Operational Duration
5 years
Shutdown Date
2019
Last Financing Round
Private Equity Round
Total Raised
USD 305M
Last Financing Date
29 Nov 2019
No. of Funding Round(s)
6
No. of Investor(s)
5
No. of Employees
500 - 1000
Total Revenue
-
Post-money Valuation
-
Market Capitalization
-
Stage of Development
Established
Transactional Model Type
O2O
Defensibility Moats
Business model innovation, Disruption,
City
Shanghai
State/Province
Shanghai
Country
China
Industry
Internet
Categories
Real Estate, Housing, Rental, O2O,
- Poor Business Model
- The business model of combining property, financing and internet services, which became popular in 2014, was failing in China.
- This could foreshadow a decline of the so-called "Internet Plus" economy (applying the internet and IT to conventional industries).
- Macroeconomic Factors
- Iwjw recorded RMB40 billion (US$5.95 billion) in GMV across deals involving over 20,0000 houses in 2015, when its homegrown rival, lianjia, with at least ten more years experience, booked RMB120 billion (US$17.89 billion) in GMV at the same year.
- Even so, that proved to be the turning point of the company's growth.
- As broader market cooled and macroeconomic uncertainties increased, the company fastened to decline.
The business model that was once popular in 2014, is failing in China.
Macroeconomic uncertainties
Note: Direct competitors are defined by similarity score of more than 40%, while similar companies are defined by similarity score of less than 40%
| No. | Image | Name | Similarity score | Description | Industry | Categories | Location | Ownership status | Entity type | Stage of development | Transactional model type | Defensibility moats | Last financing round | Total raised | Post-money valuation | Last financing date | No. of funding round(s) | No. of investors | Investors | Total revenue | Market capitalization | No. of investments | No. of acquisitions | No. of board seats taken | Competition | Management | No. of employees | Company reputation | Contact info | Operational status | Operational duration | Shutdown date | Founded date | Legal name | Former legal name(s) | Ticker |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
1. |  | Vreasy | 79.1% | Vacation Rental Guest Property Management System | Internet | Real Estate, Real Estate, Rental | United States | - | - | - | - | - | Seed | - | - | - | - | - | - | - | - | - | - | - | - | - | 10-50 | - | - | Inactive | - | - | 2011 | - | - | - |
1. |  | AtOnePlace.com | 33.7% | An online real estate marketplace. | Internet | Marketplace, Real Estate, Commercial Real Estate | India | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 50-100 | - | - | Inactive | - | - | 2006 | - | - | - |
2. |  | Campus Coliving | 24.5% | A network of shared houses. | Internet | Real Estate, Sharing, Hospitality | United States | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1-10 | - | - | Inactive | - | - | 2013 | - | - | - |
3. |  | Inhabi | 24.3% | An online platform that enabled renters to find suitable apartments by connecting with landlords who would find it for them. | Internet | Real Estate, Real Estate, Housing, Rental | United States | - | - | - | - | - | Seed | - | - | - | - | - | - | - | - | - | - | - | - | - | 11-50 | - | - | Inactive | - | - | 2011 | - | - | - |
4. |  | House Network | 23.1% | An online real estate agency. | Internet | Real Estate, E-Commerce, Rental | United Kingdom | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 50-100 | - | - | Inactive | - | - | 2003 | - | - | - |
5. |  | MyPadi | 21.1% | Hyper-local online platform to discover and rent the best hostels around hostels. | Internet | Hospitality, Rental, Housing, Real Estate | Nigeria | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 11-50 | - | - | Inactive | - | - | 2016 | - | - | - |
6. |  | Fantastic House Buyers | 16.9% | An online service for buying houses in the UK. | Internet | Real Estate, Information Services, Internet | United Kingdom | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | Inactive | - | - | 2017 | - | - | - |
7. |  | HomeShare | 15.8% | A co-living marketplace that provided attractive yet affordable housing. | Internet | Marketplace, Real Estate, Hospitality, Sharing | United States | - | - | - | - | - | Seed | - | - | - | - | - | - | - | - | - | - | - | - | - | 10-50 | - | - | Inactive | - | - | 2016 | - | - | - |
8. |  | Beijing Baicheng International Travel | 15.3% | An online travel agency that offered O2O services for outbound tourism industry. | Internet | Travel and tourism, O2O, Leisure | China | - | - | - | - | - | Early Stage | - | - | - | - | - | - | - | - | - | - | - | - | - | 1000-5000 | - | - | Inactive | - | - | 2000 | - | - | - |
9. |  | Boston Apartment Hub | 14.0% | An apartment listing site for the Boston area. | Internet | Real Estate, Real Estate, Hospitality | United States | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 11-50 | - | - | Inactive | - | - | - | - | - | - |
10. |  | WhatsOnRent | 12.4% | An online rental marketplace that allowed users to rent products across categories such as home appliances, kitchen appliances, laptops, furniture, treadmill and medical equipment. | Internet | Rental, Home Products, Marketplace | India | - | - | - | - | - | Seed | - | - | - | - | - | - | - | - | - | - | - | - | - | 10-50 | - | - | Inactive | - | - | 2015 | - | - | - |
11. |  | Cribspot | 11.3% | An online platform for college students and property managers that streamlines finding and leasing off-campus housing. | Internet | Real Estate, Education, Rental | United States | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1-10 | - | - | Inactive | - | - | 2013 | - | - | - |
12. |  | Airizu | 9.4% | Short-term accommodations O2O booking platform. | Internet | O2O, Rental, Consumer Services, Hospitality | China | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 100-250 | - | - | Inactive | - | - | 2011 | - | - | - |
13. |  | Habiplace | 8.1% | A company that developed a digital platform to allow users to manage all household admin, including house bills and searching for new properties. | Internet | Real Estate | United Kingdom | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1-10 | - | - | Inactive | - | - | 2017 | - | - | - |
14. |  | Seventymm | 7.2% | An online movie rental service. | Internet | Rental, Entertainment, Media & Entertainment, E-Commerce | India | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 250-500 | - | - | Inactive | - | - | 2005 | - | - | - |
| No. | Image | Name | Investor type | Description | Location | Preferred investment stage(s) | Stages invested in | Assets under management (AUM) | Investment range | Investment sweet spot | Preferred investment focus | Preferred investment geography | No. of investments | No. of lead investments | No. of follow-on investments | No. of co-investments | Portfolio companies | No. of exits | Total exit value | No. of failed investments | Loss on investments | No. of acquisitions | No. of board seats taken | No. of funds | Limited partners | Co-investors | No. of partners | Partners | No. of employees | Management | Board members | Founders | Investor reputation | Contact info | Entity type | Legal name | Former legal name(s) | Founded date | Ticker |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
1. |  | Gaorong Capital | - | - | Wangjing, Beijing, China | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
2. | | GGV Capital | - | - | Menlo Park, California, United States | - | - | - | $ 5M - $ 25M | - | Applications, Developer Tools, Consumer, Internet, Retail, SaaS, Advertising | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
3. | | Morningside Group | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
4. | | Shunwei Capital | - | Shunwei China Internet Fund, L.P. ("Shunwei") is a China-focused venture capital fund founded in 2011. | Beijing, Beijing, China | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
5. | | Temasek Holdings | - | Temasek is an investment company based in Singapore, with a focus on delivering sustainable returns over the long term. | Singapore | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| No. | Image | Name | Previous designation | Previous company | Previous biography | Previous profile type | Previous location | Experience | Education | Reputation | Current company | Current designation | Current biography | Current profile type | Current location | No. of investments | No. of exits | Total exit value | No. of board seats taken | Contact info |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
1. |  | Deng Wei | Co-Founder and COO | - | - | - | - | - | - | - | Touzhijia.com | - | - | - | - | - | - | - | - | - |
| No. | Financing date | Financing round | Total amount raised | Post-money valuation | Financial viability | Fundraising target amount | Remaining target amount | Financing type | No. of investors | Board seats | Lead investors | Entity type | Financing status |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
1. | 29 Nov 2019 | Private Equity Round | - | - | - | - | - | - | 1 | - | - | - | - |
2. | 13 Nov 2015 | Series E | USD 150M | - | - | - | 2 | - | - | - | Completed | ||
3. | 7 May 2015 | Series D | USD 120M | - | - | - | 4 | - | - | - | Completed | ||
4. | 22 Dec 2014 | Series C | USD 35M | - | - | - | 4 | - | - | - | Completed | ||
5. | 1 Sep 2014 | Series B | - | - | - | - | - | - | 1 | - | - | - | - |
6. | 1 Jun 2014 | Series A | - | - | - | - | - | - | 1 | - | - | - | - |
