About 29cm
29cm is a company based in Seoul (South Korea) founded in 2011 was acquired by Musinsa in June 2018.. 29cm has raised $2.64 million across 1 funding round from investors including Musinsa and Altos Ventures Management. 29cm offers products and services including Fashion Apparel, Home Goods, and Beauty Products. 29cm operates in a competitive market with competitors including Coupang, Tmon, 11st, Gmarket(eBay Korea) and OliveYoung, among others.
- Headquarter Seoul, South Korea
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Sectors
Retail
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Phone
*********
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Website
*********
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Social
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- Legal Name A Plus B Co., Ltd.
- Jurisdiction Na, Maharashtra, India
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Products & Services of 29cm
29cm offers a comprehensive portfolio of products and services, including Fashion Apparel, Home Goods, and Beauty Products. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Curated clothing items for men and women with seasonal trends
Kitchen and interior products for daily living
Skincare and cosmetics from various brands
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Funding Insights of 29cm
29cm has successfully raised a total of $2.64M through 1 strategic funding round. The most recent funding activity was a Series A round of $2.64 million completed in October 2016. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 1
- Last Round Series A — $2.6M
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First Round
First Round
(26 Oct 2016)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Oct, 2016 | Amount | Series A - 29cm | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in 29cm
29cm has secured backing from 2 investors, including venture fund and institutional investors. Prominent investors backing the company include Musinsa and Altos Ventures Management. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Early-stage companies are funded by this venture capital firm.
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Founded Year | Domain | Location | |
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Musinsa is recognized as a global fashion platform.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by 29cm
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - 29cm
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
29Cm Comparisons
Competitors of 29cm
29cm operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Coupang, Tmon, 11st, Gmarket(eBay Korea) and OliveYoung, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multi-category consumer products are sold via an online marketplace.
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| domain | founded_year | HQ Location |
Multi-category products are retailed online by Tmon.
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| domain | founded_year | HQ Location |
Hosts a digital marketplace for various consumer goods categories.
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Products in diverse categories are offered through an e-commerce platform.
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Runs an online retail platform with products across various categories.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about 29cm
When was 29cm founded?
29cm was founded in 2011 and raised its 1st funding round 5 years after it was founded.
Where is 29cm located?
29cm is headquartered in Seoul, South Korea.
Is 29cm a funded company?
29cm is a funded company, having raised a total of $2.64M across 1 funding round to date. The company's 1st funding round was a Series A of $2.64M, raised on Oct 26, 2016.
What does 29cm do?
29cm, operated by aplusb, is an online retailer of fashion, beauty, and home products. It sells products across apparel, innerwear, eyewear, footwear, accessories, furniture, decor, and beauty etc. As of December 2016, they claim to have over 35000 products from 700 brands on the platform. They have both local and international brands on their platform. They provide content on the brand including highlighting the brands history on the brand page. Their mobile app won the German Red Dot award 2014, IF Design Award 2015 and the App stores best of the year award for 2014. They claim that their gross revenue has grown by 200 every year for the past 5 years.
Who are the top competitors of 29cm?
29cm's top competitors include Coupang, Tmon and Gmarket(eBay Korea).
What products or services does 29cm offer?
29cm offers Fashion Apparel, Home Goods, and Beauty Products.
Who are 29cm's investors?
29cm has 2 investors. Key investors include Musinsa, and Altos Ventures Management.