About Goodservice
Goodservice is a company based in Singapore founded in 2014 was acquired by Urban in August 2016.. Goodservice has raised $1.6 million across 1 funding round from investors including Urban Company and Sequoia Capital. Goodservice operates in a competitive market with competitors including WooBloo, Pinch, Wingman, DudeGenie and OK BOSS, among others.
- Headquarter Singapore
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Sectors
Business Services
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Coolnew Insights Private Limited
- Date of Incorporation 13 Jan, 2015
- Jurisdiction New Delhi, Delhi, India
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Annual Revenue
$16.39 K (USD)-28.59as on Mar 31, 2023
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Net Profit
$-11.01 K (USD)89.91as on Mar 31, 2023
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EBITDA
$-26.45 K (USD)79.85as on Mar 31, 2023
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Total Equity Funding
$1.6 M (USD)
in 1 rounds
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Latest Funding Round
$1.6 M (USD), Seed
Jun 23, 2015
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Investors
Urban Company
& 1 more
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Employee Count
Employee Count
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Acquired by
Urban
(Aug 10, 2016)
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Funding Insights of Goodservice
Goodservice has successfully raised a total of $1.6M through 1 strategic funding round. The most recent funding activity was a Seed round of $1.6 million completed in June 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 Seed — $1.6M
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First Round
First Round
(23 Jun 2015)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2015 | Amount | Seed - Goodservice | 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 Goodservice
Goodservice has secured backing from 2 investors, including venture fund and institutional investors. Prominent investors backing the company include Urban Company and Sequoia 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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Sequoia Capital is engaged in venture capital investments.
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Founded Year | Domain | Location | |
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Customers are connected with vetted professionals for on-demand home services.
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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 Goodservice
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
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 - Goodservice
| 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 |
Goodservice Comparisons
Competitors of Goodservice
Goodservice 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 WooBloo, Pinch, Wingman, DudeGenie and OK BOSS, 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 |
Local services are booked via an online virtual assistant platform.
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| domain | founded_year | HQ Location |
An app-based voice chat platform for mobile gamers is offered.
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| domain | founded_year | HQ Location |
Matches are facilitated through friends on a mobile app platform.
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| domain | founded_year | HQ Location |
Offers a WhatsApp-based concierge service for user assistance.
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| domain | founded_year | HQ Location |
An online platform connecting users to assistants for task completion.
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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 Goodservice
When was Goodservice founded?
Goodservice was founded in 2014 and raised its 1st funding round 1 year after it was founded.
Where is Goodservice located?
Goodservice is headquartered in Singapore.
Is Goodservice a funded company?
Goodservice is a funded company, having raised a total of $1.6M across 1 funding round to date. The company's 1st funding round was a Seed of $1.6M, raised on Jun 23, 2015.
What is the annual revenue of Goodservice?
Annual revenue of Goodservice is $16.39K as on Mar 31, 2023.
What does Goodservice do?
Goodservice was founded in 2014 in Singapore as a mobile platform for concierge services. Operations were pivoted from an online discovery tool for local services to end-to-end task handling. Legal requests, such as plumber bookings or currency rate inquiries, are managed for users. The founding team includes alumni from Stanford, IIM-A, and NTU. Services operate within the on-demand sector, focusing on practical assistance.
Who are the top competitors of Goodservice?
Who are Goodservice's investors?
Goodservice has 2 investors. Key investors include Urban Company, and Sequoia Capital.
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