About LummoSHOP
LummoSHOP is a company based in Jakarta (Indonesia) founded in 2019 by Lorenzo Peracchione and Krishnan Menon.. LummoSHOP has raised $149 million across 5 funding rounds from investors including Saison Card, Speedinvest and Peak XV Partners. LummoSHOP operates in a competitive market with competitors including Shopify, Squarespace, Weebly, Khatabook and Webs, among others.
- Headquarter Jakarta, Indonesia
- Founders Lorenzo Peracchione, Krishnan Menon
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Sectors
TechnologyRetail
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Email
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Phone
*********
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Website
*********
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$149 M (USD)
in 5 rounds
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Latest Funding Round
$80 M (USD), Series C
Jan 19, 2022
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Investors
Saison Card
& 24 more
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Employee Count
Employee Count
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Funding Insights of LummoSHOP
LummoSHOP has successfully raised a total of $149M across 5 strategic funding rounds. The most recent funding activity was a Series C round of $80 million completed in January 2022. 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 5
- Last Round Series C — $80.0M
- First Round First Round
- Investors Count 25
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2022 | Amount | Series C - LummoSHOP | Valuation | Tiger Global Management , Peak XV Partners | |
| May, 2021 | Amount | Series B - LummoSHOP | Valuation | Hedosophia , Gokul Rajaram |
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| Jan, 2021 | Amount | Series A - LummoSHOP | Valuation | Peak XV Partners |
| 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 LummoSHOP
LummoSHOP has secured backing from 25 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Saison Card, Speedinvest and Peak XV Partners. 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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Venture and private equity investments are managed with global diversification.
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Founded Year | Domain | Location | |
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Growth-stage companies are invested in by CapitalG, Alphabet's independent fund.
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Founded Year | Domain | Location | |
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Investments in growth-stage companies are made by Hedosophia.
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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 LummoSHOP
| 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 - LummoSHOP
| 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 |
Lummoshop Comparisons
Competitors of LummoSHOP
LummoSHOP 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 Shopify, Squarespace, Weebly, Khatabook and Webs, 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 |
E-commerce storefront solutions are provided for online businesses.
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| domain | founded_year | HQ Location |
Cloud-based website builder tool
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| domain | founded_year | HQ Location |
Tools for creating websites and online stores are provided.
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| domain | founded_year | HQ Location |
App-based bookkeeping solutions are offered for small business management.
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| domain | founded_year | HQ Location |
Websites are built without coding via a cloud-based drag-and-drop platform.
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| domain | founded_year | HQ Location |
SaaS solutions for e-commerce store creation and management are provided.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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 Lummoshop
Frequently Asked Questions about LummoSHOP
When was LummoSHOP founded?
LummoSHOP was founded in 2019 and raised its 1st funding round 1 year after it was founded.
Where is LummoSHOP located?
LummoSHOP is headquartered in Jakarta, Indonesia. It is registered at Jakarta, Jakarta, Indonesia.
Who is the current CEO of LummoSHOP?
Krishnan Menon is the current CEO of LummoSHOP. They have also founded this company.
Is LummoSHOP a funded company?
LummoSHOP is a funded company, having raised a total of $149M across 5 funding rounds to date. The company's 1st funding round was a Series A of $10M, raised on Apr 30, 2020.
What does LummoSHOP do?
LummoSHOP was founded in 2019 in Jakarta, Indonesia, as a provider of e-commerce storefront solutions. An online store application is offered to support businesses in reaching online customers, with integrated features such as order management, payment processing, product handling, and marketing tools. Mobile applications are available for both Android and iOS platforms to facilitate operations.
Who are the top competitors of LummoSHOP?
LummoSHOP's top competitors include Shopify, Squarespace and Khatabook.
Who are LummoSHOP's investors?
LummoSHOP has 25 investors. Key investors include Saison Card, Speedinvest, Peak XV Partners, Alter Global, and Whiteboard Capital.