About Luxicar
Luxicar is a company based in Seongnam-si (South Korea) founded in 2014 by Bada Choi was acquired by Kakao Mobility in February 2018.. Luxicar has raised $8.79 million across 1 funding round from investors including Kakao Mobility, Hyundai Motor Company and Mega Investment. Luxicar operates in a competitive market with competitors including Careem, Lyft, Uber, Cabify and Didi, among others.
- Headquarter Seongnam-si, South Korea
- Founders Bada Choi
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Sectors
Transportation, Automotive & Logistics
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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
$8.79 M (USD)
in 1 rounds
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Latest Funding Round
$8.79 M (USD), Series B
Sep 22, 2017
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Investors
Kakao Mobility
& 4 more
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Employee Count
Employee Count
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Acquired by
Kakao Mobility
(Feb 14, 2018)
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Funding Insights of Luxicar
Luxicar has successfully raised a total of $8.79M through 1 strategic funding round. The most recent funding activity was a Series B round of $8.79 million completed in September 2017. 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 Series B — $8.8M
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First Round
First Round
(22 Sep 2017)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2017 | Amount | Series B - Luxicar | Valuation | Hyundai Motor Company , Mega Investment |
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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 Luxicar
Luxicar has secured backing from 5 investors, including institutional and venture fund investors. Prominent investors backing the company include Kakao Mobility, Hyundai Motor Company and Mega Investment. 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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South-Korea based VC firm
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Founded Year | Domain | Location | |
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Early-stage VC firm
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Founded Year | Domain | Location | |
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Passenger vehicles including sedans, SUVs, and electric models are manufactured.
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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 Luxicar
| 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 - Luxicar
| 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 |
Luxicar Comparisons
Competitors of Luxicar
Luxicar 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 Careem, Lyft, Uber, Cabify and Didi, 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 |
Rides and deliveries are facilitated via a mobile app platform.
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| domain | founded_year | HQ Location |
App-based ride-hailing aggregator
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| domain | founded_year | HQ Location |
An online platform providing ride-hailing and food delivery services
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| domain | founded_year | HQ Location |
Ride-hailing services are offered via a mobile app platform.
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| domain | founded_year | HQ Location |
An AI-enabled platform is operated for ride-hailing and on-demand services.
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| domain | founded_year | HQ Location |
Rides are hailed through an app-based 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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Frequently Asked Questions about Luxicar
When was Luxicar founded?
Luxicar was founded in 2014 and raised its 1st funding round 3 years after it was founded.
Where is Luxicar located?
Luxicar is headquartered in Seongnam-si, South Korea. It is registered at Seongnam-si, Gyeonggi-do, South Korea.
Is Luxicar a funded company?
Luxicar is a funded company, having raised a total of $8.79M across 1 funding round to date. The company's 1st funding round was a Series B of $8.79M, raised on Sep 22, 2017.
What does Luxicar do?
Luxicar was founded in 2014 in Seongnam-si, South Korea, as an intracity carpooling platform in the transportation sector. Trip details, timings, and available seats are updated by drivers through the app. Requests for rides are created by passengers, specifying pickup, drop-off locations, and times. Relevant matches between drivers and passengers are generated by the system. Upfront payment amounts are displayed for passengers, while drivers can accept or reject pooled requests.
Who are Luxicar's investors?
Luxicar has 5 investors. Key investors include Kakao Mobility, Hyundai Motor Company, Mega Investment, Capstone Headwaters, and Translink Investment.