The Venture Codex Logo

The Venture Codex

Nai Xue's Tea

Xingye Road 瑞湾府4楼, Shenzhen, Guangdong, China

Overview

Chennai snow tea is well-known tea brand, was founded in 2015 and headquartered in Shenzhen City, Guangdong Province, part of Shenzhen Goods Road Restaurant Management Limited . Innovate to create a "tea + soft European package" form, with young women aged 20-35 as the main customer group, insist on changing the tea base every 4 hours, and the soft European package does not stay overnight. Naixue's tea insists on providing modern people with a good life experience of "a cup of good tea and a soft oval", and hopes to become a promoter of Chinese tea to the world. In December 2017, Nai Xue's tea started to go out of Guangdong area, expand to the whole country, and officially opened the "National Urban Development Plan". As of February 2020, Nei Xue's tea has been distributed in more than 50 cities across the country, with a total of 349 stores. All stores are directly operated and do not join in any form. In March 2018, Nei Xue completed the A+ round of investment, with a valuation of 6 billion yuan, becoming the first unicorn in the tea industry in public information.

Total investments
1
Lead investments
1
Investments · 12mo
0
Active investors
2

Sector focus

  • Food and Beverage
  • Food Processing
  • Hotel
  • Restaurants
  • Snack Food
Visit website

Investment portfolio

  • LELECHA

    Led · Equity · Jun 2024

    Lelecha (乐乐茶) is a Chinese tea brand that recently completed a major financing. The company signed a RMB 525 million investment agreement with Nayuki Tea (奈雪的茶), which will become Lelecha’s controlling shareholder. Palm Capital served as exclusive financial advisor on the transaction. After the deal, Nayuki will hold 43.64% of Lelecha and equivalent voting rights, implying a company valuation of RMB 1.2 billion (12亿元). Of the RMB 525 million, RMB 325 million is for secondary (old‑share) transfers and RMB 200 million is new capital injection. Lelecha’s prior financing round was in July 2020 led by Longbai Capital, and past investors have included Red Star Macalline and Pusi Capital (Wang Sicong’s fund).

Team

  • Gang He

    Chief Technology Officer

  • Peng Xin

    Founder