Deerma

About Deerma

Deerma, also known as Foshan Shunde Deerma Electronic Appliance, is a Chinese electrical appliance company established in 2011. The company focuses on the research and development, design, production, and marketing of a wide range of small household appliances. Its product portfolio includes humidifiers, vacuum cleaners, mite removers, garment steamers, and various kitchen appliances like blenders and juicers.

The company was founded by Cai Tieqiang, whose journey into entrepreneurship began after his family faced bankruptcy, forcing him to leave home at 15. His early career included various jobs until he discovered an opportunity in product design, leading him to establish a design company called Flying Fish Brand Design. This venture evolved into the Flying Fish Group, which eventually launched the Deerma brand, applying its design and e-commerce expertise to its own line of products. Deerma's strategy centers on identifying and improving upon overlooked flaws in mature product categories, thereby building consumer trust through enhanced design and quality at competitive price points.

Operating primarily through an e-commerce-driven, direct-to-consumer model, Deerma has established a significant presence in the online marketplace. A pivotal moment in its history was the 2018 acquisition of Philips' water purifier business, which marked a significant step in its expansion. By 2020, international sales accounted for 30% of its revenue, indicating a growing global footprint. That same year, the company secured RMB 380 million in a Series B funding round led by Cathay Capital to fuel its international growth and product development. Deerma serves a broad consumer market, offering affordable yet well-designed home appliances to users worldwide.