About Lotiple
Lotiple is a company based in Seoul (South Korea) founded in 2011 was acquired by Kakao in November 2011.. Lotiple has raised $1.73 million across 2 funding rounds from investors including Kakao and SBVA. Lotiple offers products and services including RTZR STT, Callabo, VITO, and AICO. Lotiple operates in a competitive market with competitors including Wemakeprice, REmited, Giftiween, Qualiet and Australian Natural Proteins, among others.
- Headquarter Seoul, South Korea
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Sectors
Retail
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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 Return Zero Inc.
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Products & Services of Lotiple
Lotiple offers a comprehensive portfolio of products and services, including RTZR STT, Callabo, VITO, and AICO. 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.
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 Total Funding
- Total Rounds 2
- Last Round Series A — $1.3M
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First Round
First Round
(01 May 2011)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2011 | Amount | Series A - Lotiple | Valuation |
investors |
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| May, 2011 | Amount | Seed - Lotiple | Valuation |
investors |
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| 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 Lotiple
Lotiple has secured backing from 2 investors, including venture fund and institutional investors. Prominent investors backing the company include Kakao and SBVA. 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 venture capital arm of SoftBank Group
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Founded Year | Domain | Location | |
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Multi-category messaging and advertising applications are offered online.
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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 Lotiple
| 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 - Lotiple
| 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 |
Lotiple Comparisons
Competitors of Lotiple
Lotiple 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 Wemakeprice, REmited, Giftiween, Qualiet and Australian Natural Proteins, 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 |
Daily deals are facilitated via an online social commerce marketplace.
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| domain | founded_year | HQ Location |
Online platform offering receipt based rewards, cashbacks, and deals for multi-category products and services
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| domain | founded_year | HQ Location |
Online marketplace for purchasing discounted gift cards and deals.
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| domain | founded_year | HQ Location |
An online platform that offers reward points for multi-category products purchased from offline stores.
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| domain | founded_year | HQ Location |
Provides high-quality sports supplements and clothing for fitness enthusiasts.
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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 Lotiple
When was Lotiple founded?
Lotiple was founded in 2011.
Where is Lotiple located?
Lotiple is headquartered in Seoul, South Korea.
Is Lotiple a funded company?
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 01, 2011.
What does Lotiple do?
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.
Who are the top competitors of Lotiple?
Lotiple's top competitors include Wemakeprice, REmited and Giftiween.
What products or services does Lotiple offer?
Lotiple offers RTZR STT, Callabo, VITO, and AICO.