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Mishi

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Mishi is an application that serves as an Airbnb for foodies who enjoys local and authentic home-made food in the intimacies of home

Hangzhou, ChinaFounded 2014eCommerce & Marketplaces
Valuation $50–100M Last recorded · 2015
Total funding $10–50M Disclosed equity funding
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About Mishi

Mishi, legally registered as Hangzhou Mishi Network Technology Co., Ltd., was a venture in China's sharing economy, focused on the food technology sector. The company was established in Hangzhou in 2014, operating an online marketplace that connected local home-based chefs with consumers seeking authentic, home-cooked meals. This platform, accessible via an app, allowed users to order a variety of dishes prepared in private kitchens and have them delivered, offering a personal alternative to restaurant takeout. The business model capitalized on the growing demand for convenient, homemade food options, tapping into a network of thousands of individual cooks.

The company's operational journey began with significant investor interest. Mishi successfully secured a Series A funding round in March 2015, quickly followed by a Series B round in June of the same year. Sequoia Capital was among the institutional investors that backed the startup, which raised a total of approximately $15 million to $19 million across these rounds. The founding team included a former senior product manager from Alibaba, and a key figure identified as Tanzin was noted for being hands-on, personally taste-testing the meals offered on the platform to ensure quality.

Despite its early traction and financial backing, Mishi ceased operations around November 2017. The company faced considerable headwinds that affected the broader home-cooked meal delivery market in China. These challenges included intense competition from mainstream food delivery giants and evolving food safety regulations that required small, home-based kitchens to acquire official production permits and business licenses, which created a significant operational hurdle for its network of cooks. The platform is now defunct, and the mishi.cn domain is no longer associated with the original food delivery service.

Source: Dealroom company data

At a glance

Status
Closed
Founded
2014
Headquarters
Hangzhou, China
Open positions
None listed
Dealroom signal
0.0/100
Industry
Food
Sub-industry
In-store Retail & Restaurant Tech
Sector
eCommerce & Marketplaces, Food Processing, Delivery, Directory, App
Business model
Marketplace & ecommerce
Client focus
b2c

Funding history

1 recorded event

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
SERIES B✓Equity / VC Jun 2015 $15M $60M Morningside · Sequoia —
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Growth signals

Mishi website traffic

Latest recorded traffic for Mishi is 270 monthly website visits, down 27% over the last three months.

Latest monthly visits270 3-month web change-27%
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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

3 investors on the cap table

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

Series A2 investors entered at this stage

Other known investors1 additional known investor

  • HSG
Founders Hidden — book a demo/100 quality score
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 · Hangzhou HQ
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Market sentiment

Posts on X, past 7 days

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

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

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