About Lotiple
Lotiple is a Retail company based in Seoul (South Korea) founded in 2011, and was acquired by Kakao in November 2011. It operates as a real-time location based commerce platform. Lotiple has raised $1.73 million across 2 funding rounds from investors including Kakao and SBVA. The company was acqui-hired. Lotiple offers products and services including RTZR STT, Callabo, VITO, and AICO. Its focus areas include Coupons and Deals, Deals, O2O and Horizontal. Its legal entity is Return Zero Inc. Its competitors include Wemakeprice, REmited, Giftiween, Qualiet and Australian Natural Proteins and 3 more; 2 of its 8 listed competitors have raised funding.
Company details
Lotiple was founded in 2011 in Seoul, South Korea, as a location-based commerce platform. A mobile service is operated to link consumers with local stores in real-time, allowing access to discounts and deals based on current position. The platform functions within the e-commerce sector, focusing on proximity-driven shopping. Acquisition by Kakaotalk occurred in 2011, facilitating an exit for Softbank.
- Headquarters Seoul, South Korea
- Stage Acquired
- SectorsRetail
- Email••••••••
- Website lotiple.com
- Social LinkedIn X Facebook
- Acquired by Kakao (Nov 2011)
- Legal Name Return Zero Inc.
Products & Services of Lotiple
Lotiple offers a comprehensive portfolio of products and services, including RTZR STT, Callabo, VITO, and AICO.
AI solution for business speech recognition and transcription
Tool for recording and analyzing online meetings
App that transcribes and searches phone calls
Tool to create short videos from YouTube links
Funding Insights of Lotiple
Lotiple has successfully raised a total of $1.73M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $1.3 million completed in September 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 $1.73M
- Total Rounds 2
- Last Round Series A — $1.3M
- First Round $433,333
(May 2011)
- Investors Count 1
All 2 funding rounds of Lotiple with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep 2011 | $1.3M | Series A | – | – | |
| May 2011 | $433,333 | Seed | – | – | – |
2 investors in total: 2 institutional.
Investors in Lotiple
Lotiple has secured backing from 2 investors, including venture fund and institutional investors. Prominent investors backing the company include Kakao and SBVA.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Early-stage venture capital arm of SoftBank Group | – | sbvacorp.com | Seoul, South Korea | |
Multi-category messaging and advertising applications are offered online. | 2010 | kakaocorp.com | Jeju-si, South Korea |
Investor details for Lotiple
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Timeline of Lotiple
4 dated milestones of Lotiple, from founding to its latest funding, stage changes and deals.
- Founded Lotiple is founded.
- Funding First funding round of $433K.
- Funding Latest funding round, Series A, of $1.3M.
- Exit Acquired by Kakao.
Competitors of Lotiple
Lotiple has 8 listed competitors in our database, 2 of them funded. They include Wemakeprice, REmited, Giftiween, Qualiet and Australian Natural Proteins, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| wemakeprice.com | 2010 | Seoul, South Korea | $85M | – | Daily deals are facilitated via an online social commerce marketplace. | |
| teamremited.com | 2023 | Seoul, South Korea | $139,679 | – | Online platform offering receipt based rewards, cashbacks, and deals for multi-category products and services | |
| giftiween.com | 2018 | Seoul, South Korea | – | – | Online marketplace for purchasing discounted gift cards and deals. | |
| qualiet.com | 1982 | Meise, Belgium | – | 1 | An online platform that offers reward points for multi-category products purchased from offline stores. | |
| australiannaturalproteins.com.au | 2016 | Mordialloc, Australia | – | – | Provides high-quality sports supplements and clothing for fitness enthusiasts. | |
| varccoin.com | 2018 | Gwangju, South Korea | – | – | Online platform for slot games offering bonuses and secure transactions. | |
| onepleone.com | 2020 | Seoul, South Korea | – | – | An app-based platform providing deals and discounts for various products. | |
| triplestreet.co.kr | 2015 | Incheon, South Korea | – | – | Operates an online platform offering various coupons for shoppers. |
Detailed competitors of Lotiple
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Top companies in Deals, Rewards & Comparison Platforms
10 companies that operate in the same segment as Lotiple (Deals, Rewards & Comparison Platforms), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Cashback is provided on multi-category product purchases via mobile app. | 2012 | Denver, Colorado, United States | USD 97.58 M | USD 342.39 M | 942 | |
Online platform offering discovery of local deals, experiences, and rewards | 2015 | Gurugram, Haryana, India | USD 105.82 M | USD 37.82 M | 414 | |
Online group-buying platform offering coupons for multi-category products and services | 2010 | Beijing, Beijing, China | USD 9.86 B | USD 47.13 B | 41,620 | |
Online platform for discovering and booking hotel accommodations at discounted prices | 2016 | San Francisco, California, United States | USD 226.3 M | – | – | |
Promotion-based circulars are digitized for retailers via an app-based solution. | 2006 | Toronto, Ontario, Canada | USD 78 M | – | 358 | |
Cashback is provided on multi-category products through an app-based platform. | 1997 | San Francisco, California, United States | – | USD 15.96 B | 29,330 | |
Cashback and coupon offers are provided for e-commerce shopping. | – | Gurugram, Haryana, India | USD 32.61 M | – | – | |
Honey is recognized for providing automatic coupons and deals online. | 2012 | Pasadena, California, United States | USD 9.8 M | – | – | |
Cashback is provided automatically through app on diverse purchases. | 2016 | Austin, Texas, United States | USD 87.36 M | – | 78 | |
Online platform offering rewards and cashback for multi-category products | 2014 | Singapore, Singapore, Singapore | USD 350 M | USD 98.96 M | 954 |
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Frequently Asked Questions about Lotiple
Lotiple was founded in 2011.
Lotiple is headquartered in Seoul, South Korea.
Lotiple is a funded company, having raised a total of $1.73M across 2 funding rounds to date. The company's 1st funding round was a Seed of $433.33K, raised on May 2011.
Lotiple was founded in 2011 in Seoul, South Korea, as a location-based commerce platform. A mobile service is operated to link consumers with local stores in real-time, allowing access to discounts and deals based on current position. The platform functions within the e-commerce sector, focusing on proximity-driven shopping. Acquisition by Kakaotalk occurred in 2011, facilitating an exit for Softbank.
Lotiple's top competitors include Wemakeprice, REmited and Giftiween.
Lotiple offers RTZR STT, Callabo, VITO, and AICO.
Lotiple operates through Return Zero Inc..
Yes. Lotiple was acquired by Kakao in November 2011.