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Hot & Hot

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Hot & Hot is one of the fastest growing on-demand food providers in China

Dongcheng District, ChinaFounded 2010Transportation
Valuation $100–250M Last recorded · 2018
Total funding $10–50M Disclosed equity funding
Unlock exact values This page shows ranges. Dealroom has the exact numbers for Hot & Hot and the history behind them.

About Hot & Hot

Spice Spirit operates as a restaurant group specializing in authentic Sichuan cuisine, with a history that traces back to its origin in a Beijing hutong in 1998. The initial establishment was driven by its founder's ambition to share the bold and genuine flavors of Sichuan's spicy dishes. For more than twenty years, the restaurant cultivated a following in Beijing before extending its operations to the United States, establishing locations in New Jersey and Arizona.

The culinary direction is steered by Executive Chef Liu, a Chongqing native with over fifteen years of experience within the company. His upbringing in a region known for its intense aromas of chili peppers and Sichuan peppercorns has deeply influenced his culinary approach, which centers on mastering the balance of heat, aroma, and the signature numbing spice of true Sichuan cooking.

The business functions as a restaurant chain serving local communities in North Plainfield and Jersey City, New Jersey, as well as Mesa, Arizona. The enterprise generates revenue through dine-in services, customer takeout, and online delivery orders, partnering with platforms like DoorDash and Uber Eats for broader reach. The menu presents a curated selection of Sichuan dishes crafted to be bold and aromatic. Offerings include Sichuan Spicy Chicken, Dan Dan Noodles, Kung Pao Shrimp, and Red Oil Wontons, all designed to provide an authentic taste of the region's culinary traditions.

Source: Dealroom company data

At a glance

Status
Operational
Founded
2010
Headquarters
Dongcheng District, China
Open positions
None listed
Dealroom signal
49.8/100
Industry
Food, Transportation
Sub-industry
Food Logistics & Delivery
Sector
Transportation, Supply Chain Management, Retail, On-Demand, Branding
Client focus
b2b
Links
Website

Funding history

2 recorded events

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
SERIES B✓Equity / VC Jan 2018 $22M $90M N5 Capital —
SERIES A✓Equity / VC Nov 2016 $169K $678K N5 Capital —
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Growth signals

Hot & Hot website traffic

Latest recorded traffic for Hot & Hot is 0 monthly website visits.

Latest monthly visits0
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Similar companies

Closest operating peers by Dealroom taxonomy

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Investments and acquisitions

Capital deployed

Recent portfolio relationships for companies that also act as investors or acquirers.

Investors

1 investor on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Series A1 investor entered at this stage

  • N5 Capital
Team profiled 1 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 1 quality Hidden — book a demo/100
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
🇨🇳 China · Dongcheng District HQ
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Market sentiment

Posts on X, past 7 days

An AI-synthesised read of the highest-engagement posts about Hot & Hot on X, ranked by likes and reposts, corporate channels excluded.

Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

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