About Glife
Glife is a Retail company based in Singapore (Singapore) founded in 2018 by Justin Chou Zhi Qi, Caleb Wu, and Wayne Goh. Food products are distributed by Glife in regional markets. Glife has raised $15.89 million across 4 funding rounds from investors including Tin Men Capital, Heliconia and Hibiscus Fund. Glife has completed 2 acquisitions, including PanenID and Yolek. Its focus areas include Food and Agriculture Tech, Online Grocery, B2C Ecommerce and Multi Category. Its competitors include honestbee, RedMart and BeepBeep; 3 of its 3 listed competitors have raised funding.
Company details
Glife was founded in 2018 and is based in Singapore, where food distribution operations are conducted. The company focuses on supplying food products to various sectors within the region. Leadership is held by co-founders Justin Chou Zhi Qi as Executive Director, Caleb Wu, and Wayne Goh as Chief Product Officer. Services encompass logistics and supply chain support for food items, serving distributors and retailers.
- Headquarters Singapore, Singapore
- Founders Justin Chou Zhi Qi, Caleb Wu, Wayne Goh
- SectorsRetail
- Phone•••• ••••
- Website glifefoods.com
- Social LinkedIn Facebook Instagram
- Annual Revenue$9.19 M (USD)-20as on Dec 31, 2021
- Net Profit-$4.73 M (USD)-106as on Dec 31, 2021
- EBITDA-$4.58 M (USD)-109as on Dec 31, 2021
- Total Equity Funding$15.89M (USD)
in 4 rounds
- Latest Funding Round$3M (USD), Series A
Sep 2022
- InvestorsTin Men Capital
& 4 more
- Investments & AcquisitionsPanenID
& 1 more
Funding Insights of Glife
Glife has successfully raised a total of $15.89M across 4 strategic funding rounds. The most recent funding activity was a Series A round of $3 million completed in September 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 $15.89M
- Total Rounds 4
- Last Round Series A — $3M
- First Round $2M
(Apr 2019)
- Investors Count 5
All 4 funding rounds of Glife with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep 2022 | $3M | Series A | – | Tin Men | – |
| May 2022 | $2.89M | Series A | – | Heliconia Capital Management | |
| Nov 2021 | $8M | Series A | – | Heliconia Capital Management | |
| Apr 2019 | $2M | Seed | – | Global Founders Capital | – |
5 investors in total: 5 institutional.
Investors in Glife
Glife has secured backing from 5 investors, including venture fund investors. Prominent investors backing the company include Tin Men Capital, Heliconia and Hibiscus Fund.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital is provided to B2B technology companies in South-East Asia. | tinmen.asia | Singapore, Singapore | ||
Investments in growth stage companies are managed via private equity. | heliconiacapital.com | Singapore, Singapore | ||
| hibiscusfund.tcc.mode | ||||
Early-stage startups are funded by Quest Ventures venture capital firm. | questventures.com | Singapore, Singapore | ||
Venture capital firm focused on early-stage startups | globalfounderscapital.com | Berlin, Germany |
Investor details for Glife
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People of Glife
3 people are tracked at Glife (3 in leadership).
| Name | Role | Group |
|---|---|---|
Justin Chou Zhi Qi | Co-Founder & Executive Director | Leadership |
Caleb Wu | Co-Founder | Leadership |
Wayne Goh | Co-Founder & CPO | Leadership |
Complete people profiles for Glife
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Investments & Acquisitions by Glife
Glife has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include PanenID and Yolek.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Agricultural buyers and suppliers are connected through an online marketplace. | panen.id | Denpasar, Indonesia | 2016 | Apr 2022 | •••• | |
Fruits and vegetables are distributed electronically to enterprises in Malaysia. | yolek.tcc.mode | Malaysia | 0 | Apr 2022 | •••• |
Complete acquisition details for Glife
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Competitors of Glife
Glife has 3 listed competitors in our database, 3 of them funded. They include honestbee, RedMart and BeepBeep.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| honestbee.com | 2015 | Singapore | $39.8M | Online company providing grocery and food delivery services | ||
| redmart.com | 2011 | Singapore | $58.68M | Online grocery delivery services are operated in Singapore. | ||
| beepbeepmart.com | 2021 | Singapore | $6M | Multi-category grocery supplies are provided via an online platform. |
Detailed competitors of Glife
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Web traffic of Glife
The website of Glife (glifefoods.com) receives about 1.6K visits a month.
- Monthly visits1.6K
▲ 41.1% vs previous month
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Frequently Asked Questions about Glife
Glife was founded in 2018 and raised its 1st funding round 1 year after it was founded.
Glife is headquartered in Singapore, Singapore.
Glife is a funded company, having raised a total of $15.89M across 4 funding rounds to date. The company's 1st funding round was a Seed of $2M, raised on Apr 2019.
Annual revenue of Glife is $9.19M as on Dec 31, 2021.
Glife was founded in 2018 and is based in Singapore, where food distribution operations are conducted. The company focuses on supplying food products to various sectors within the region. Leadership is held by co-founders Justin Chou Zhi Qi as Executive Director, Caleb Wu, and Wayne Goh as Chief Product Officer. Services encompass logistics and supply chain support for food items, serving distributors and retailers.
Glife has 5 investors. Key investors include Tin Men Capital, Heliconia, Hibiscus Fund, Quest Ventures, and Global Founders Capital.