According to 36Kr.com, Yaobianli has completed A round of financing of tens of million yuan, jointly invested by GGV Capital and individual investor He Xiaopeng, founder of Xiaopeng Motors.
In recent years, under the impact of Internet technology, the pharmaceutical retail market has been developing rapidly. In 2018, the sales of offline retail drugstores reached 600 billion. Founded in 2018, Yaobianli wanted to break into the pharmaceutical retail market with a new business pattern. The company provides drugstores with software, SAAS system of sales tools and services, and solutions for unmanned drug machine, so as to help improve sales and promote the operation of IT and data services.
The main products include an embedded software on Wechat, which pharmacies can be free to enter, supporting online and offline operation services, a series of management tools helping improve the operation ability, unmanned drug machine solution, and realize 24-hour drug sales, and an intelligent and data-oriented promotion system to expand brand influence and commodity marketing.
At present, Yaobianli has completed the video description of nearly thousands of commonly used OTC drugs and has cooperated with Kepu China to help spread the knowledge of scientific and rational drug use in China. In the coming year, Yaobianli plans to expand its market to cover Beijing and the first and second-tier cities in east and south China and cooperate with the leading drugstores.
Founded in 2000, GGV Capital is a global venture capital firm that invests in local founders. As a multi-stage, sector-focused firm, GGV focuses on seed-to-growth stage investments across Consumer/New Retail, Social/Digital & Internet, Enterprise/Cloud, and Frontier Tech sectors. The firm manages 6.2 billion dollars in capital across 13 funds. Past and present portfolio companies include Affirm, Airbnb, Alibaba, and more. The firm has offices in Beijing, San Francisco, Shanghai, and Silicon Valley.