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The Venture Codex

Niu Daji

Shenghui building, the intersection of Xixiang Avenue and Tiezai South Road, Lequn community, Xixiang Street, Bao'an District, Shenzhen, Guangdong, China

Overview

牛大吉 is a fast-casual Chinese restaurant chain specializing in beef-rice dishes. The brand offers about twenty products, including stir-fried yellow beef, colorful vegetable beef rice, boiled beef, beef brisket pot, and beef three-delicacy, priced between ¥18–38. The company reports a gross margin of about 70%. Founded in September 2019 and headquartered in Shenzhen, 牛大吉 is upgrading its original Shenzhen beef workshop into standardized rice fast-food stores. Management expects Shenzhen store count to exceed 60 around the Spring Festival. 牛大吉 has confirmed agents in Nanjing, Qingdao, Guangzhou, and Chengdu and plans to open new stores after the Spring Festival as it begins nationwide expansion. The recent fundraising will support supply-chain construction and the brand's national rollout.

Total raised
$82M
Funding rounds
1
Latest round
Series B
Latest activity
Jan 2024

Industries

  • Food and Beverage
  • Retail
Visit website

Recent funding

  1. Series B

    Jan 2024

    $82M

Team

No current team members are available.