HeyTea
Have updates for this profile? Please contribute data
= Subscriber Access Only
You are viewing a preview of this profile. Request a Preqin Pro demo for full access to all profiles and underlying data.
With Preqin Pro, you gain an unobstructed view of all alternative asset class activity across institutional investors, fund managers, funds, portfolio companies, deals, exits, and service providers.
HeyTea - overview
Established
2012
Location
Shenzhen, Guangdong, China
Primary Industry
Consumer Products
About
Established in 2012 and based in Shenzhen, China, Shenzhen Meixixi Catering Management Co. , Ltd. operates milk tea chain stores. The company opened a total of 695 stores in 61 cities around the world.
In August 2018, the company raised 16 USD in Series A funding. As of August 2019, Hey Tea has 265 outlets in 37 Chinese cities, as well as three in Singapore. The company raised RMB 4 million in Series B funding in 2018. After the financing in 2021, the company is valued at RMB 60 billion.
As of June 2021, the company raised a total of 4 funding rounds. The company provides milk tea and fruit tea for customers. The company also provides baked food in its stores. The firm specializes in fruit tea, cheese-infused tea, and instant milk, fruit, and traditional Chinese tea goods.
In 2021, the management of the company said Shenzhen Meixixi Catering Management Co. , Ltd. will not choose to go public in the short term. In September 2021, the company plans to go public for USD 500 million in 2022.
Current Investors
IDG Capital, Long Z Investment , BA Capital
Primary Industry
Consumer Products
Sub Industries
Non-Alcoholic Beverages, Bakery Products
Website
www.heytea.com
Company Stage
Series D
Total Amount Raised
Subscriber access only
Time to go Pro
Get Preqin Pro for unrestricted access to 600,000+ detailed profiles on fund managers, investors, funds, companies, and other alternative asset players. Unlock exclusive data on future plans, company financials, fundraising history, track records, and more.