About FairDee
FairDee is a company based in Bangkok (Thailand) founded in 2017 by Yujun Chean, Thanasak Hoontrakul, and Prateek Jogani was acquired by Qoala in March 2021.. FairDee has raised $65 million across 1 funding round from investors including Eurazeo, Qoala and KB Investment. FairDee operates in a competitive market with competitors including Covr, Optalitix, WeGroup, Renaissance insurance and InsureZone, among others.
- Headquarter Bangkok, Thailand
- Founders Yujun Chean, Thanasak Hoontrakul, Prateek Jogani
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Sectors
Financial Services
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Email
***********
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Phone
*********
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Website
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Social
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- Legal Name Fairdee Insurance Broker Company Limited
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Funding Insights of FairDee
FairDee has successfully raised a total of $65M through 1 strategic funding round. The most recent funding activity was a Series B round of $65 million completed in July 2022. 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 — $65.0M
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First Round
First Round
(21 Jul 2022)
- Investors Count 12
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2022 | Amount | Series B - FairDee | Valuation | Eurazeo |
| 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 FairDee
FairDee has secured backing from 13 investors, including venture fund and institutional investors. Prominent investors backing the company include Eurazeo, Qoala and KB Investment. 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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Private equity and debt investments are managed across multiple sectors.
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Founded Year | Domain | Location | |
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Flourish Ventures is focused on investing in mission-driven fintech entrepreneurs.
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Founded Year | Domain | Location | |
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Venture capital fund investing in early-stage tech startups
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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 FairDee
| 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 - FairDee
| 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 |
Fairdee Comparisons
Competitors of FairDee
FairDee 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 Covr, Optalitix, WeGroup, Renaissance insurance and InsureZone, 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 |
AI & cloud-based insurance quoting solutions for the insurance industry
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| domain | founded_year | HQ Location |
AI consulting and data analytics services are offered to businesses.
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| domain | founded_year | HQ Location |
Insurance quoting software with virtual assistant features is provided.
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| domain | founded_year | HQ Location |
Diversified insurance services are offered by Renaissance Insurance in Russia.
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| domain | founded_year | HQ Location |
Online quoting platform and tools for agents and brokers
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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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| 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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Frequently Asked Questions about FairDee
When was FairDee founded?
FairDee was founded in 2017 and raised its 1st funding round 5 years after it was founded.
Where is FairDee located?
FairDee is headquartered in Bangkok, Thailand.
Who is the current CEO of FairDee?
Yujun Chean is the current CEO of FairDee. They have also founded this company.
Is FairDee a funded company?
FairDee is a funded company, having raised a total of $65M across 1 funding round to date. The company's 1st funding round was a Series B of $65M, raised on Jul 21, 2022.
What does FairDee do?
FairDee was founded in 2017 and is headquartered in Bangkok, Thailand. Insurance quoting software is offered by the company within the insurtech sector. Solutions are provided for life, health, accident, and other insurance types. Features include customer document management, policy binding, car tax calculation tools, and claims data handling. Operations focus on streamlining insurance processes for providers and clients in the region.
Who are the top competitors of FairDee?
FairDee's top competitors include Optalitix, Covr and WatchTower.
Who are FairDee's investors?
FairDee has 13 investors. Key investors include Eurazeo, Qoala, KB Investment, Flourish Ventures, and MassMutual Ventures.
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