About HipVan
HipVan is a company based in Singapore (Singapore) founded in 2013 was acquired by Bucket Place in November 2021.. HipVan has raised $4.64 million across 3 funding rounds from investors including Bucket Place, Wavemaker Partners and East Ventures. HipVan offers products and services including Sofas, Coffee Tables, Dining Tables, and Beds. HipVan operates in a competitive market with competitors including Decqoo, iBuyforHome, The Bear Knows, Furmingo and Xtrahomedecor, among others.
- Headquarter Singapore, Singapore
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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
*********
- Legal Name Hipvan Pte. Ltd
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Annual Revenue
$10.17 M (USD)34as on Mar 31, 2021
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Net Profit
$225.78 K (USD)118as on Mar 31, 2021
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EBITDA
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Total Equity Funding
$4.64 M (USD)
in 3 rounds
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Latest Funding Round
$3.32 M (USD), Series A
May 07, 2015
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Investors
Bucket Place
& 6 more
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Employee Count
Employee Count
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Acquired by
Bucket Place
(Nov 23, 2021)
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Products & Services of HipVan
HipVan offers a comprehensive portfolio of products and services, including Sofas, Coffee Tables, Dining Tables, and Beds. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Stylish seating options for home living rooms.
Functional tables for decor and utility.
Durable tables for family dining spaces.
Comfortable beds for rest and sleep.
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Funding Insights of HipVan
HipVan has successfully raised a total of $4.64M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $3.32 million completed in May 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 3
- Last Round Series A — $3.3M
- First Round First Round
- Investors Count 6
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2015 | Amount | Series A - HipVan | Valuation | Golden Gate Ventures | |
| Aug, 2014 | Amount | Seed - HipVan | Valuation | LionRock Capital , Toivo Annus | |
| Jun, 2013 | Amount | Angel Round - HipVan | Valuation |
investors |
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| 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 HipVan
HipVan has secured backing from 7 investors, including venture fund and angel investors. Prominent investors backing the company include Bucket Place, Wavemaker Partners and East 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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Venture capital firm investing in Southeast Asian startups and publishing reports on technology and sustainability.
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Founded Year | Domain | Location | |
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Venture capital firm investing in Southeast Asian startups
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Founded Year | Domain | Location | |
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Wealth is managed by LionRock Capital as a family office.
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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 HipVan
| 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 - HipVan
| 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 |
Hipvan Comparisons
Competitors of HipVan
HipVan 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 Decqoo, iBuyforHome, The Bear Knows, Furmingo and Xtrahomedecor, 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 |
Hosts a digital marketplace for furniture designers and builders.
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| domain | founded_year | HQ Location |
Operates an e-commerce store specializing in multi-category home improvement products.
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| domain | founded_year | HQ Location |
Sells contemporary European furniture including sofas, chairs, and carpets.
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| domain | founded_year | HQ Location |
Offers a 3D cloud-based interior design platform with an integrated furniture e-commerce store.
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| domain | founded_year | HQ Location |
An online retail platform for a variety of home improvement products.
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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 Hipvan
Frequently Asked Questions about HipVan
When was HipVan founded?
HipVan was founded in 2013.
Where is HipVan located?
HipVan is headquartered in Singapore, Singapore.
Is HipVan a funded company?
HipVan is a funded company, having raised a total of $4.64M across 3 funding rounds to date.
What is the annual revenue of HipVan?
Annual revenue of HipVan is $10.17M as on Mar 31, 2021.
What does HipVan do?
Founded in 2013, HipVan operates as an internet-first brand in the home improvement sector, based in Singapore. A range of products including mattresses, kitchenware, lighting, furniture, and decor items such as vases and wall arts is offered through its catalog. Partner brands like Levitate are also featured in its inventory, with sales conducted primarily via the hipvan.com domain.
Who are the top competitors of HipVan?
HipVan's top competitors include Decqoo, iBuyforHome and The Bear Knows.
What products or services does HipVan offer?
HipVan offers Sofas, Coffee Tables, Dining Tables, and Beds.
Who are HipVan's investors?
HipVan has 7 investors. Key investors include Bucket Place, Wavemaker Partners, East Ventures, Golden Gate Ventures, and LionRock Capital.