About Iidus
Iidus is a company based in Seoul (South Korea) founded in 2013.. Iidus has raised $41.02 million across 2 funding rounds from investors including Mirae Asset, Vanderbilt University and Altos Ventures Management. Iidus offers products and services including Idus App and Shopping Services. Iidus operates in a competitive market with competitors including Coupang, Tmon, OliveYoung, Gmarket(eBay Korea) and 11st, among others.
- Headquarter Seoul, South Korea
- Stage Minicorn
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Sectors
Retail
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Phone
*********
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Website
*********
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Social
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- Legal Name Backpacker Co., 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
$41.02 M (USD)
in 2 rounds
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Latest Funding Round
$16.09 M (USD), Series C
Jan 10, 2023
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Investors
Mirae Asset
& 7 more
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Employee Count
Employee Count
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Products & Services of Iidus
Iidus offers a comprehensive portfolio of products and services, including Idus App and Shopping Services. 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.
Mobile app for online shopping and community features.
Platform for product transactions and real-time reviews.
Funding Insights of Iidus
Iidus has successfully raised a total of $41.02M across 2 strategic funding rounds. The most recent funding activity was a Series C round of $16.09 million completed in January 2023. 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 2
- Last Round Series C — $16.1M
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First Round
First Round
(08 Jun 2020)
- Investors Count 8
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2023 | Amount | Series C - Iidus | Valuation | Altos Ventures Management , Stonebridge Capital | |
| Jun, 2020 | Amount | Series C - Iidus | 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 Iidus
Iidus has secured backing from 8 investors, including venture fund and institutional investors. Prominent investors backing the company include Mirae Asset, Vanderbilt University and Altos Ventures Management. 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 companies are funded by this venture capital firm.
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Founded Year | Domain | Location | |
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Private equity investments across Asia are managed by Axiom Asia.
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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 |
| 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 Iidus
| 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 - Iidus
| 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 |
Iidus Comparisons
Competitors of Iidus
Iidus 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 Coupang, Tmon, OliveYoung, Gmarket(eBay Korea) and 11st, 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 |
Multi-category consumer products are sold via an online marketplace.
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| domain | founded_year | HQ Location |
Multi-category products are retailed online by Tmon.
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| domain | founded_year | HQ Location |
Runs an online retail platform with products across various categories.
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| domain | founded_year | HQ Location |
Products in diverse categories are offered through an e-commerce platform.
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| domain | founded_year | HQ Location |
Hosts a digital marketplace for various consumer goods categories.
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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 Iidus
Frequently Asked Questions about Iidus
When was Iidus founded?
Iidus was founded in 2013 and raised its 1st funding round 7 years after it was founded.
Where is Iidus located?
Iidus is headquartered in Seoul, South Korea.
Who is the current CEO of Iidus?
Kim Dong Hwan is the current CEO of Iidus.
Is Iidus a funded company?
Iidus is a funded company, having raised a total of $41.02M across 2 funding rounds to date. The company's 1st funding round was a Series C of $24.94M, raised on Jun 08, 2020.
What does Iidus do?
Iidus was established in 2013 in Seoul, South Korea, as an online retailer in the e-commerce sector. A platform is operated at idus.com, where handcrafted goods across various categories are made available to consumers. Items such as accessories, crafted leather products, ceramics, natural cosmetics, soaps, and handmade foods are featured, supporting artisans in the marketplace.
Who are the top competitors of Iidus?
Iidus's top competitors include Coupang, Tmon and Gmarket(eBay Korea).
What products or services does Iidus offer?
Iidus offers Idus App and Shopping Services.
Who are Iidus's investors?
Iidus has 8 investors. Key investors include Mirae Asset, Vanderbilt University, Altos Ventures Management, Axiom Asia, and Stonebridge Capital.
What is Iidus's valuation?
The valuation of Iidus is $240M as of Jan 2023.
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