Mancando

About Mancando

Guangdong Mancando Information Technology Co., Ltd., operating under the brand name “Santoulbi,” is a significant player in China's automotive aftermarket, functioning as a comprehensive supply chain platform for auto parts. The company was formally established in Guangzhou in August 2015, embarking on a mission to streamline the traditionally fragmented auto parts industry.

Mancando's business model integrates an extensive network of franchise service providers with a proprietary data intelligence platform. This approach aims to simplify the sales hierarchy by connecting directly with hundreds of manufacturers and supplying parts to a vast network of garages and car owners. The company primarily serves repair shops across China, offering them a reliable source for quality automotive wearing parts. Its product catalog is extensive, including items such as engine and powertrain components, chassis parts, brakes, filters, batteries, oils, and lamps. Revenue is generated through the sale of these parts via its network, which included approximately 3,000 branches and over 30,000 merchants on its KUAIXIUBAO SASS management system by the end of 2019.

The company has demonstrated a strong growth trajectory, marked by several key funding rounds. After a Pre-A round in 2018, Mancando secured Series A financing in 2019. A pivotal moment came in June 2020 with the closing of a Series B round that raised nearly RMB 400 million (approximately $56.6 million). This round was led by China Renaissance's Huaxing Growth Capital Fund and included investors like Xiang He Capital and Axiom Asia. The capital injection was earmarked for developing new auto parts, constructing additional warehouses, and enhancing the digitalization of its business. Mancando has also expanded its physical footprint, establishing numerous operation centers and 23 warehouses across China and venturing into international markets with branches in Russia and Cambodia.