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LELECHA

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LELECHA combines tea and soft European bags to create different brand development models

Huangpu, ChinaFounded 2016eCommerce & Marketplaces
Valuation $100–250M Last recorded · 2022
Total funding $10–50M Disclosed equity funding
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About LELECHA

LELECHA is a Chinese tea-drink brand founded in Shanghai in 2016 by Mr. Wang Jian. The company has established itself in the high-end tea market by pairing premium tea drinks with soft European-style buns, a business model that has proven successful. LELECHA's target demographic consists of young, trend-conscious consumers with strong purchasing power, primarily in first and second-tier cities across China.

The company's history is marked by rapid growth and product development. After opening its first store in Shanghai, LELECHA pioneered fresh cheese fruit tea in 2016. A significant milestone occurred in 2017 with the launch of the "Dirty Bun," which created a viral trend. This was followed by the introduction of their popular "Cheesy Cream Peach Jasmine Tea" and the first "Dirty Tea" in 2018. By 2019, LELECHA had expanded to over ten cities, including major hubs like Beijing and Guangzhou. The company has continued to innovate, opening its 100th store and an eco-friendly location in 2022, and officially launching a franchise model in April 2023.

LELECHA’s business model revolves around directly operated boutique chain stores located in prime urban areas. Revenue is generated through the sale of a wide range of products, including their signature cheese fruit teas, brown sugar milk tea, and a variety of freshly baked buns. The brand emphasizes an in-store experience, with products made on-site using high-quality ingredients like original leaf tea, fresh fruit, and imported cheese and flour. To further engage customers, LELECHA has experimented with "tea labs" where consumers can observe the tea-making process and has developed a mini-app for delivery services. In December 2022, competitor Naixue acquired a 43.6% stake in LELECHA, becoming its largest shareholder, with the goal of providing support in expansion, supply chain, and digitalization while LELECHA continues to operate independently.

The product strategy focuses on a "drink + dessert" combination, cultivating a customer habit of pairing beverages with baked goods. This approach not only provides more choice but also increases the average transaction value. The brand is known for its product development, analyzing market trends and taste preferences to create unique and memorable flavors. The store design is also a key element, often featuring natural colors, wooden furniture, and unique lighting to create a cozy and shareable atmosphere, encouraging customers to post on social media.

Source: Dealroom company data

At a glance

Status
Acquired
Founded
2016
Headquarters
Huangpu, China
Open positions
None listed
Dealroom signal
21.0/100
Industry
Food
Sub-industry
Innovative Food
Sector
eCommerce & Marketplaces, Tea, Branding
Business model
Marketplace & ecommerce
Client focus
b2c
Links
Website

Funding history

3 recorded events

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
ACQUISITION✓Exit Dec 2022 $72M $165M Nayuki Holdings ↗
SEED✓Equity / VC Apr 2019 $30M $119M Prometheus Capital —
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Growth signals

LELECHA website traffic

Latest recorded traffic for LELECHA is 150 monthly website visits, down 11.8% over the last three months.

Latest monthly visits150 3-month web change-11.8%
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Similar companies

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Investments and acquisitions

Capital deployed

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

Investors

8 investors on the cap table

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

Seed1 investor entered at this stage

  • Prometheus Capital

Other known investors7 additional known investors

  • Nayuki Holdings
  • Hina Group
  • Pusi Capital
  • Ruchuan Capital
  • Vertex Holdings
  • Vertex Ventures China
  • Z&H Investment
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Key operators Hidden — book a demo quality score
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 · Huangpu HQ
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Market sentiment

Posts on X, past 7 days

An AI-synthesised read of the highest-engagement posts about LELECHA 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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