O2O hair salon startup UDream receives undisclosed Series A in millions of USD

UDream

Founder: Xiong Guoping

Founded in: 2015

Financing status: 2017 Series A round amounting to tens of millions in RMB (a few million USD)

O2O hair salon startup UDream on Monday received an undisclosed Series A financing round in millions of USD to open new outlets in new cities.

UDream is an online-to-offline (O2O) hair salon startup that provides customers with professional haircut services with a better experience.

Due to the uneven quality of hair salons in China as well as the cutthroat competition in the industry, there are no big hair salon chains in China like Japan’s QBHouse or Great Clips in the U.S. As the skills and services of hair salon chains in these foreign markets are highly standardized, it shows that there is still significant room for this sector to go further in China.

Unlike other traditional hair salons in China that provides various hair styling services, UDream currently only provides haircut services on its platform. Customers can find its physical outlets nearby online through WeChat, and can easily make an appointment with hairdressers on WeChat. Once it is close to the appointment time, UDream will send text messages to customers for notification.

Before the haircut, the hair stylist will discuss with customers on the hairstyle they would like to have. During the haircut, the stylist will constantly ask for the customer’s opinion. Once the haircut is done, customers can complete the payment online. Moreover, the platform asks customers to leave comments on its WeChat official platform after their haircuts.

Founded in 2015 in Shenzhen, it currently has launched more than 100 outlets in Shenzhen and Guangzhou. The price of a single haircut service ranges between RMB 35 to 45.

This Series A financing round was from Matrix Partners China. The capital will be used to open new outlets in new cities across China, as well as introduce big data technology to improve management efficiency and customers’ user experience.

Digital marketing services provider Qucoo receives undisclosed pre-Series A in millions of USD

Photo from 58pic.com

Qucoo

Founder: Liu Peibin

Founded in: 2014

Financing status: 2017 pre-Series A round amounting to tens of millions in RMB (a few million USD)

Digital marketing services provider Qucoo on Monday received an undisclosed pre-Series A financing round in millions of USD to recruit new talent and to invest in the research and development of its marketing platform.

Qucoo is a digital marketing services provider that mainly provides mobile digital marketing services for the massive health industry based on big data technology. It mainly forms partnerships with companies from the massive health industry, and provides corporate customers with customized digital marketing services to help them gain new users, improve exposure, quick profit making, and so on.

A Guangzhou company, Qucoo’s digital marketing services covered some famous companies like Watsons and Chuyuyisheng in the massive health industry.

This pre-Series A financing round was led by Shengshan Capital, and Qucoo plans to use this fund to recruit new talents for a larger professional marketing team. It also aims to build a big data platform to improve its marketing efficiency, so that some products and services from the massive health industry can be accurately delivered to customers.

(Top photo from 58pic.com)

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Kaikai Shi
Kaikai Shi majored in Biotechnology at Zhejiang University. He now runs the Tech Financing column for AllChinaTech. His interests are in new technology and reading. Kai believes that new technology will change the world we live in, and is trying to engage himself in this process.

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