About iFashion
iFashion is a company based in Singapore (Singapore) founded in 2014 by Kin-Wai Lau and Douglas Gan was acquired by MC Payment in May 2018.. iFashion has raised $736 thousand across 1 funding round from investors including Rimu and MC Payment. iFashion has completed 3 acquisitions, including Dressabelle, Invade Space and Megafash. iFashion offers products and services including Artbox and Megafash. iFashion operates in a competitive market with competitors including TechStyle, Thrasio, THG, Perch and Forum Brands, among others.
- Headquarter Singapore, Singapore
- Founders Kin-Wai Lau, Douglas Gan
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Sectors
TechnologyRetail
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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 Ifashion Group Pte. Ltd.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$736 K (USD)
in 1 rounds
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Latest Funding Round
$736 K (USD), Seed
Mar 22, 2016
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Investors
Rimu
& 1 more
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Employee Count
Employee Count
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Investments & Acquisitions
Dressabelle
& 2 more
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Acquired by
MC Payment
(May 02, 2018)
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Products & Services of iFashion
iFashion offers a comprehensive portfolio of products and services, including Artbox and Megafash. 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.
Flea market platform for fashion and lifestyle transactions in Singapore
O2O platform for lifestyle products and retail services
Funding Insights of iFashion
iFashion has successfully raised a total of $736K through 1 strategic funding round. The most recent funding activity was a Seed round of $736 thousand completed in March 2016. 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 — $736,000
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First Round
First Round
(22 Mar 2016)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2016 | Amount | Seed - iFashion | 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 iFashion
iFashion has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Rimu and MC Payment. 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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Consumer loans are compared and information is provided online.
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Founded Year | Domain | Location | |
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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 iFashion
iFashion has strategically engaged in corporate development activities, having acquired 3 companies. Notable acquisitions include Dressabelle, Invade Space and Megafash. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| 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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Independent local brands are featured on Singapore's online marketplace.
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2013 | ||||
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Retail space booking platform
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2010 | ||||
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Fashion e-tailor for women
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2008 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - iFashion
| 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 |
Ifashion Comparisons
Competitors of iFashion
iFashion 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 TechStyle, Thrasio, THG, Perch and Forum Brands, 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 |
Membership commerce solutions for fashion businesses are provided.
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| domain | founded_year | HQ Location |
Platform acquiring Amazon FBA brands
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| domain | founded_year | HQ Location |
Digital consumer brands are acquired and enabled by technology platform.
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| domain | founded_year | HQ Location |
Customer-centric e-commerce and product development services are provided globally.
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| domain | founded_year | HQ Location |
Platform offering brand management solutions
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| domain | founded_year | HQ Location |
Platform acquiring eCommerce businesses
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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 Ifashion
Frequently Asked Questions about iFashion
When was iFashion founded?
iFashion was founded in 2014 and raised its 1st funding round 2 years after it was founded.
Where is iFashion located?
iFashion is headquartered in Singapore, Singapore.
Who is the current CEO of iFashion?
Jeremy Khoo is the current CEO of iFashion.
Is iFashion a funded company?
iFashion is a funded company, having raised a total of $736K across 1 funding round to date. The company's 1st funding round was a Seed of $736K, raised on Mar 22, 2016.
What does iFashion do?
Founded in 2014 in Singapore, iFashion operates as a platform focused on the fashion and lifestyle e-commerce sector. Investments and acquisitions of online retailers are facilitated, with support provided in marketing, logistics, warehousing, sales fulfillment, and financial services. Additional assistance is offered through mentorship, brand development, and business expansion strategies in the region.
Who are the top competitors of iFashion?
iFashion's top competitors include Mensa Brands, Thrasio and THG.
What products or services does iFashion offer?
iFashion offers Artbox and Megafash.
How many acquisitions has iFashion made?
iFashion has made 3 acquisitions, including Dressabelle, Invade Space, and Megafash.
Who are iFashion's investors?
iFashion has 2 investors. Key investors include Rimu, and MC Payment.