About Foodfly
Foodfly is a company based in Seoul (South Korea) founded in 2011 was acquired by Delivery Hero in September 2017.. Foodfly has raised $622.7 thousand across 1 funding round from investors including Delivery Hero and Stonebridge Capital. Foodfly operates in a competitive market with competitors including Delivery Hero, Woowa Bros, Baemin, Yogiyo and Bongdong, among others.
- Headquarter Seoul, South Korea
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Sectors
Consumer
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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
$622.7 K (USD)
in 1 rounds
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Latest Funding Round
$622.7 K (USD), Seed
Feb 20, 2012
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Investors
Delivery Hero
& 1 more
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Employee Count
Employee Count
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Acquired by
Delivery Hero
(Sep 20, 2017)
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Funding Insights of Foodfly
Foodfly has successfully raised a total of $622.7K through 1 strategic funding round. The most recent funding activity was a Seed round of $622.7 thousand completed in February 2012. 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 Seed — $622,700
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First Round
First Round
(20 Feb 2012)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2012 | Amount | Seed - Foodfly | 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 Foodfly
Foodfly has secured backing from 2 investors, including venture fund and institutional investors. Prominent investors backing the company include Delivery Hero and Stonebridge Capital. 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 tech and life sciences focused VC & PE firm
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Founded Year | Domain | Location | |
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Food ordering and delivery services are facilitated online.
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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 Foodfly
| 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.
|
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.
|
2016 |
Financial Statements - Foodfly
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| 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 |
Foodfly Comparisons
Competitors of Foodfly
Foodfly 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 Bongdong, 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 |
Operates an online platform for food ordering and delivery.
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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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Frequently Asked Questions about Foodfly
When was Foodfly founded?
Foodfly was founded in 2011 and raised its 1st funding round 1 year after it was founded.
Where is Foodfly located?
Foodfly is headquartered in Seoul, South Korea.
Is Foodfly a funded company?
Foodfly is a funded company, having raised a total of $622.7K across 1 funding round to date. The company's 1st funding round was a Seed of $622.7K, raised on Feb 20, 2012.
What does Foodfly do?
Foodfly was founded in 2011 in Seoul, South Korea, within the food delivery sector. An online platform is operated that enables consumers to place food orders through websites or mobile apps, with delivery handled by outsourced services. Local restaurants without their own delivery networks are supported through this combined online ordering and offline logistics solution, focusing on urban areas in the country.
Who are the top competitors of Foodfly?
Foodfly's top competitors include Delivery Hero, Woowa Bros and Yogiyo.
Who are Foodfly's investors?
Foodfly has 2 investors. Key investors include Delivery Hero, and Stonebridge Capital.
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