About Auction
Auction is a company based in Bucheon-si (South Korea) founded in 1998 was acquired by eBay in January 2001. It operates as a Two-Sided Marketplace, and Commission-Based. Auction offers products and services including Online Marketplace and Travel Packages. Auction operates in a competitive market with competitors including uBid Deals, Seoul Auction Blue and Join Market, among others.
- Headquarter Bucheon-si, South Korea
-
Sectors
Retail
-
Email
***********
-
Phone
*********
-
Website
*********
-
Social
*********
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Products & Services of Auction
Auction offers a comprehensive portfolio of products and services, including Online Marketplace and Travel Packages. 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.
An online platform for buying various products.
Travel deals and packages are offered online.
Funding Insights of Auction
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Auction
Auction has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include eBay. 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 |
|---|---|---|---|---|
|
Multi-category consumer products are sold via an online marketplace platform.
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by Auction
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
Financial Statements - Auction
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Auction Comparisons
Competitors of Auction
Auction 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 uBid Deals, Seoul Auction Blue and Join Market, 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 |
Online auctions and fixed-price merchandise sales are offered.
|
|
| domain | founded_year | HQ Location |
Fractional ownership platform for art investments via mobile app with curated portfolios.
|
|
| domain | founded_year | HQ Location |
An online auction platform offering products across multiple categories.
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Frequently Asked Questions about Auction
When was Auction founded?
Auction was founded in 1998.
Where is Auction located?
Auction is headquartered in Bucheon-si, South Korea. It is registered at Bucheon-si, Gyeonggi-do, South Korea.
Who is the current CEO of Auction?
Kwang Yun Brian B is the current CEO of Auction.
What does Auction do?
A comprehensive online marketplace is operated, facilitating the sale of a wide range of products including electronics, fashion, food, and travel packages. Various sectors such as retail, beauty, and home goods are covered. Solutions for both buyers and sellers are provided through a user-friendly platform in South Korea.
Who are the top competitors of Auction?
Auction's top competitors include uBid Deals, Seoul Auction Blue and Join Market.
What products or services does Auction offer?
Auction offers Online Marketplace and Travel Packages.
Who are Auction's investors?
Auction has 1 investor. Key investors include eBay.
Book a demo & talk to our team
Share a few details and we’ll reach out to schedule a session.