About Doeat
Doeat is a company based in Seoul (South Korea) founded in 2022 by Kirok Kwon and Ian Yunseok Lee.. Doeat has raised $21.39 million across 1 funding round from investors including Goodwater Capital, SBVA and Base Ventures. Doeat operates in a competitive market with competitors including Delivery Hero, Woowa Bros, Baemin, Yogiyo and Shuttle Delivery, among others.
- Headquarter Seoul, South Korea
- Founders Kirok Kwon, Ian Yunseok Lee
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Sectors
Consumer
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Email
***********
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Phone
*********
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Website
*********
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$21.39 M (USD)
in 1 rounds
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Latest Funding Round
$21.39 M (USD), Series A
Jan 26, 2025
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Investors
Goodwater Capital
& 4 more
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Employee Count
Employee Count
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Funding Insights of Doeat
Doeat has successfully raised a total of $21.39M through 1 strategic funding round. The most recent funding activity was a Series A round of $21.39 million completed in January 2025. 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 — $21.4M
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First Round
First Round
(26 Jan 2025)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2025 | Amount | Series A - Doeat | Valuation | Goodwater Capital |
| 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 Doeat
Doeat has secured backing from 5 investors, including venture fund investors. Prominent investors backing the company include Goodwater Capital, SBVA and Base Ventures. 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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Investments in consumer tech sectors are managed by Goodwater Capital.
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Founded Year | Domain | Location | |
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Early-stage venture capital arm of SoftBank Group
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Founded Year | Domain | Location | |
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Venture capital firm investing in early-stage companies with a focus on modern consumer and enterprise sectors.
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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 Doeat
| 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 - Doeat
| 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 |
Doeat Comparisons
Competitors of Doeat
Doeat 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 Delivery Hero, Woowa Bros, Baemin, Yogiyo and Shuttle Delivery, 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 |
Food ordering and delivery services are facilitated online.
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| domain | founded_year | HQ Location |
Food delivery platforms are developed and operated for on-demand services.
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| domain | founded_year | HQ Location |
Food delivery is enabled via an online ordering platform.
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| domain | founded_year | HQ Location |
Food orders and deliveries are enabled via an online platform.
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| domain | founded_year | HQ Location |
Food delivery is enabled via an online ordering platform.
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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 Doeat
Frequently Asked Questions about Doeat
When was Doeat founded?
Doeat was founded in 2022 and raised its 1st funding round 3 years after it was founded.
Where is Doeat located?
Doeat is headquartered in Seoul, South Korea.
Who is the current CEO of Doeat?
Ian Yunseok Lee is the current CEO of Doeat. They have also founded this company.
Is Doeat a funded company?
Doeat is a funded company, having raised a total of $21.39M across 1 funding round to date. The company's 1st funding round was a Series A of $21.39M, raised on Jan 26, 2025.
What does Doeat do?
Doeat was founded in 2022 in Seoul, South Korea, as a platform in the food delivery sector. Local restaurants are discovered by users through the service, and food orders are facilitated with a required minimum amount. Operations focus on connecting customers to nearby eateries for delivery, supporting efficient urban food access in the region.
Who are the top competitors of Doeat?
Doeat's top competitors include Delivery Hero, Woowa Bros and Yogiyo.
Who are Doeat's investors?
Doeat has 5 investors. Key investors include Goodwater Capital, SBVA, Base Ventures, Hashed, and BDC Labs.