About Makestar
Makestar is a company based in Seoul (South Korea) founded in 2015. It operates as a B2C, and B2B. Makestar has raised $22.28 million across 1 funding round from investors including Korean Development Bank, Company K Partners and Han River Partners. Makestar offers products and services including Home Shop Platform and Event Partnership Service. Makestar operates in a competitive market with competitors including MyMusicTaste, Metabeat, Krowdpop and Kpopfunding, 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
*********
- Legal Name Makestar Co., Ltd.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$22.28 M (USD)
in 1 rounds
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Latest Funding Round
$22.28 M (USD), Series D
Oct 08, 2024
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Investors
Korean Development Bank
& 5 more
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Employee Count
Employee Count
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Products & Services of Makestar
Makestar offers a comprehensive portfolio of products and services, including Home Shop Platform and Event Partnership Service. 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.
Online service for purchasing merchandise and retail items
Platform for event inquiries and collaboration opportunities
Funding Insights of Makestar
Makestar has successfully raised a total of $22.28M through 1 strategic funding round. The most recent funding activity was a Series D round of $22.28 million completed in October 2024. 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 D — $22.3M
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First Round
First Round
(08 Oct 2024)
- Investors Count 6
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2024 | Amount | Series D - Makestar | Valuation | HRZ , RPS Ventures |
| 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 Makestar
Makestar has secured backing from 6 investors, including venture fund and institutional investors. Prominent investors backing the company include Korean Development Bank, Company K Partners and Han River 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 capital investments are made in early-stage innovative companies.
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Founded Year | Domain | Location | |
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Late-stage startups are targeted for investment by RPS Ventures.
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Founded Year | Domain | Location | |
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Venture capital firm investing in tech startups
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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 Makestar
| 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 - Makestar
| 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 |
Makestar Comparisons
Competitors of Makestar
Makestar 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 MyMusicTaste, Metabeat, Krowdpop and Kpopfunding, 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 |
Concert crowdsourcing platform
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| domain | founded_year | HQ Location |
NFTs enable fan engagement and transactions for music artists.
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| domain | founded_year | HQ Location |
Serves as a crowdfunding platform for K-pop concerts.
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| domain | founded_year | HQ Location |
An online crowdfunding platform dedicated to supporting Korean pop artists.
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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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Latest news on Makestar
Frequently Asked Questions about Makestar
When was Makestar founded?
Makestar was founded in 2015 and raised its 1st funding round 9 years after it was founded.
Where is Makestar located?
Makestar is headquartered in Seoul, South Korea.
Is Makestar a funded company?
Makestar is a funded company, having raised a total of $22.28M across 1 funding round to date. The company's 1st funding round was a Series D of $22.28M, raised on Oct 08, 2024.
What does Makestar do?
MAKESTAR Inc. is a South Korean company based in Seoul, operating an online home shop for merchandise and facilitating event partnerships. It provides customer service on weekdays from 10:00 to 17:00 KST and handles inquiries for collaborations. The company engages in retail sales and business services, serving primarily Korean customers through its digital platform, while maintaining a focus on efficient operations and user accessibility.
Who are the top competitors of Makestar?
Makestar's top competitors include MyMusicTaste, Metabeat and Krowdpop.
What products or services does Makestar offer?
Makestar offers Home Shop Platform and Event Partnership Service.
Who are Makestar's investors?
Makestar has 6 investors. Key investors include Korean Development Bank, Company K Partners, Han River Partners, RPS Ventures, and Altos Ventures Management.