About Daraz
Daraz is a company based in Singapore (Singapore) founded in 2012 by Rajeev Amatya and Ahmed Khan was acquired by Alibaba Group in May 2018.. Daraz has raised $56.32 million across 1 funding round from investors including Alibaba Group, British International Investment and The Asia Pacific Internet Group. Daraz operates in a competitive market with competitors including Amazon, Groupon, Paytm Mall, Arive and Lesara, among others.
- Headquarter Singapore, Singapore
- Founders Rajeev Amatya, Ahmed Khan
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Sectors
Retail
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Daraz Singapore Private Limited
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$56.32 M (USD)
in 1 rounds
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Latest Funding Round
$56.32 M (USD), Series B
Sep 22, 2015
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Investors
Alibaba Group
& 2 more
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Employee Count
Employee Count
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Acquired by
Alibaba Group
(May 08, 2018)
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Leadership Team
23 people
Head Team
23 people
Operations Team
19 people
Software Development Team
19 people
Sales and Marketing
16 people
Human Resources and Administration
15 people
Finance and Accounting
13 people
Key Team
12 people
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Funding Insights of Daraz
Daraz has successfully raised a total of $56.32M through 1 strategic funding round. The most recent funding activity was a Series B round of $56.32 million completed in September 2015. 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 B — $56.3M
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First Round
First Round
(22 Sep 2015)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2015 | Amount | Series B - Daraz | Valuation | British International Investment |
| 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 Daraz
Daraz has secured backing from 3 investors, including venture fund and institutional investors. Prominent investors backing the company include Alibaba Group, British International Investment and The Asia Pacific Internet Group. 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 VC investments and incubation services are provided.
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Founded Year | Domain | Location | |
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Government agency focused on small and medium-sized businesses
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Founded Year | Domain | Location | |
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Conglomerate group operating a portfolio of businesses
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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 Daraz
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
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 - Daraz
| 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 |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Daraz Comparisons
Competitors of Daraz
Daraz 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 Amazon, Groupon, Paytm Mall, Arive and Lesara, 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 products are offered through an online marketplace.
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| domain | founded_year | HQ Location |
Online marketplace offering deals on multi-category products and services
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| domain | founded_year | HQ Location |
Multi-category consumer products are offered via an app-based marketplace.
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| domain | founded_year | HQ Location |
Multi-category products are retailed online by Arive with quick delivery.
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| domain | founded_year | HQ Location |
Operates an e-commerce platform specializing in fashion and lifestyle products.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
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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Latest news on Daraz
Frequently Asked Questions about Daraz
When was Daraz founded?
Daraz was founded in 2012 and raised its 1st funding round 3 years after it was founded.
Where is Daraz located?
Daraz is headquartered in Singapore, Singapore.
Who is the current CEO of Daraz?
Nick O'Donohoe is the current CEO of Daraz.
Is Daraz a funded company?
Daraz is a funded company, having raised a total of $56.32M across 1 funding round to date. The company's 1st funding round was a Series B of $56.32M, raised on Sep 22, 2015.
What does Daraz do?
Daraz was founded in 2012 and is operated as an e-commerce platform in Singapore. Sellers and buyers are connected via its mobile app, available on Android and iOS, for the exchange of products. Categories covered include consumer electronics, household goods, beauty and health items, fashion, groceries, and others. Transactions are enabled across these sectors, supporting multi-category retail operations.
Who are the top competitors of Daraz?
Daraz's top competitors include Amazon, Paytm Mall and Groupon.
Who are Daraz's investors?
Daraz has 3 investors. Key investors include Alibaba Group, British International Investment, and The Asia Pacific Internet Group.
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