About iSelect
iSelect is a company based in Cheltenham (Australia) founded in 1999.. iSelect has raised $30.2 million across 1 funding round from investors including Spectrum Equity. iSelect has completed 3 acquisitions, including InfoChoice, iMoney and iMoney Group. iSelect operates in a competitive market with competitors including Taygo, Mozo, Canstar, Advisr and Mortgage Choice Aust, among others.
- Headquarter Cheltenham, Australia
- Stage Public
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Sectors
Financial Services
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Iselect Pty Ltd
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Annual Revenue
$47.32 M (USD)-16as on Jun 30, 2024
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Net Profit
$-4.6 M (USD)42as on Jun 30, 2023
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EBITDA
$-21.39 M (USD)15as on Jun 30, 2023
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Total Equity Funding
$30.2 M (USD)
in 1 rounds
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Latest Funding Round
$30.2 M (USD), Private Equity Round
Mar 01, 2011
- Investors
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Employee Count
Employee Count
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Investments & Acquisitions
InfoChoice
& 2 more
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Software Development Team
8 people
Leadership Team
4 people
Operations Team
3 people
Human Resources and Administration
2 people
Finance and Accounting
2 people
Sales and Marketing
2 people
Data Analysis and Operations Team
2 people
Creative and Marketing Team
1 people
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Funding Insights of iSelect
iSelect has successfully raised a total of $30.2M through 1 strategic funding round. The most recent funding activity was a Private Equity Round round of $30.2 million completed in March 2011. 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 Private Equity Round — $30.2M
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First Round
First Round
(01 Mar 2011)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2011 | Amount | Private Equity Round - iSelect | 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 iSelect
iSelect has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Spectrum Equity. 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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Growth equity investments and partnerships in finance and related sectors.
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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 iSelect
iSelect has strategically engaged in corporate development activities, having acquired 3 companies. Notable acquisitions include InfoChoice, iMoney and iMoney Group. 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
|
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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Financial products comparison platform
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2012 | ||||
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Comparison platform of financial products
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2012 | ||||
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Financial product comparison and analysis tools are provided.
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1993 |
| 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 - iSelect
| 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 |
Iselect Comparisons
Competitors of iSelect
iSelect 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 Taygo, Mozo, Canstar, Advisr and Mortgage Choice Aust, 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 |
SaaS solution for e-commerce sales via Facebook Messenger is developed.
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| domain | founded_year | HQ Location |
Financial products are compared via crowd-sourced ratings on Mozo platform.
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| domain | founded_year | HQ Location |
Canstar is recognized as a financial comparison platform in Australia.
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| domain | founded_year | HQ Location |
Users are connected with insurance brokers via an online platform.
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| domain | founded_year | HQ Location |
Financial products comparison platform.
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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 Iselect
Frequently Asked Questions about iSelect
When was iSelect founded?
iSelect was founded in 1999 and raised its 1st funding round 12 years after it was founded.
Where is iSelect located?
iSelect is headquartered in Cheltenham, Australia. It is registered at Cheltenham, Victoria, Australia.
Is iSelect a funded company?
iSelect is a funded company, having raised a total of $30.2M across 1 funding round to date. The company's 1st funding round was a Private Equity Round of $30.2M, raised on Mar 01, 2011.
What is the annual revenue of iSelect?
Annual revenue of iSelect is $47.32M as on Jun 30, 2024.
What does iSelect do?
iSelect was founded in 1999 and is headquartered in Cheltenham, Australia. As an aggregator in the financial services sector, the platform enables users to input details for comparisons of health, life, car, home, and travel insurance, along with credit cards, home loans, electricity, gas, broadband, and mobile plans. Advisors are contacted to assist users in selecting options from various providers.
Who are the top competitors of iSelect?
iSelect's top competitors include Taygo, Mortgage Choice Aust and Mozo.
How many acquisitions has iSelect made?
iSelect has made 3 acquisitions, including InfoChoice, iMoney, and iMoney Group.
Who are iSelect's investors?
iSelect has 1 investor. Key investors include Spectrum Equity.
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