About Itugo
Itugo is a company based in Hangzhou (China) founded in 2012. It operates as a B2C. Itugo has raised $11.63 million across 3 funding rounds from investors including Yingdong Capital and Matrix Partners China. Itugo operates in a competitive market with competitors including YUNJI, Meilishuo, Flower Birthday Network, Chengdu Momo Collection Technology and Good Things Plus One, among others.
- Headquarter Hangzhou, China
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Sectors
Retail
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Phone
*********
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Website
*********
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$11.63 M (USD)
in 3 rounds
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Latest Funding Round
$10 M (USD), Series A
Aug 27, 2014
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Investors
Yingdong Capital
& 1 more
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Employee Count
Employee Count
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Funding Insights of Itugo
Itugo has successfully raised a total of $11.63M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $10 million completed in August 2014. 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 — $10.0M
- First Round First Round
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2014 | Amount | Series A - Itugo | Valuation |
investors |
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| Nov, 2013 | Amount | Seed - Itugo | Valuation |
investors |
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| Jun, 2012 | Amount | Angel Round - Itugo | 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 Itugo
Itugo has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Yingdong Capital and Matrix Partners China. 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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Founded Year | Domain | Location | |
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Multiple sectors are invested in by this venture capital 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 Itugo
| 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 |
Financial Statements - Itugo
| 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 |
Itugo Comparisons
Competitors of Itugo
Itugo 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 YUNJI, Meilishuo, Flower Birthday Network, Chengdu Momo Collection Technology and Good Things Plus One, 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 products are retailed online by YUNJI.
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| domain | founded_year | HQ Location |
Social shopping platform of fashion products
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| domain | founded_year | HQ Location |
App-based online community marketplace for multi-category products & services
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| domain | founded_year | HQ Location |
Multi-category products are facilitated by an online community-based shopping platform.
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| domain | founded_year | HQ Location |
Operates an online community marketplace for a wide range of products and services.
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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 Itugo
When was Itugo founded?
Itugo was founded in 2012.
Where is Itugo located?
Itugo is headquartered in Hangzhou, China. It is registered at Hangzhou, Zhejiang, China.
Is Itugo a funded company?
Itugo is a funded company, having raised a total of $11.63M across 3 funding rounds to date.
What does Itugo do?
Itugo, established in 2012, excels in operating online marketplaces, social commerce, fashion retail, and online shopping. An online social shopping platform focused on fashion products and community engagement. Committed to advancing standards, it focuses on innovation, efficiency, and delivering value to clients worldwide.
Who are the top competitors of Itugo?
Itugo's top competitors include YUNJI, Meilishuo and Flower Birthday Network.
Who are Itugo's investors?
Itugo has 2 investors. Key investors include Yingdong Capital, and Matrix Partners China.
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