About Novelship
Novelship is a company based in Singapore (Singapore) founded in 2017 by Yuyu Xue, Richard Xia, and Chris Xue.. Novelship has raised $21.55 million across 4 funding rounds from investors including IGlobe Partners, GSR Ventures and East Ventures. Novelship operates in a competitive market with competitors including Flipkart, Lazada, Amazon, ZALORA and SHEIN, among others.
- Headquarter Singapore, Singapore
- Founders Yuyu Xue, Richard Xia, Chris Xue
-
Sectors
Retail
-
Email
***********
-
Phone
*********
-
Website
*********
-
Social
*********
- Legal Name Novelship Pte Ltd
-
Annual Revenue
-
Net Profit
-
EBITDA
-
Total Equity Funding
$21.55 M (USD)
in 4 rounds
-
Latest Funding Round
$9.5 M (USD), Series B
Sep 14, 2023
-
Investors
IGlobe Partners
& 5 more
-
Employee Count
Employee Count
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Unlock access to complete
Funding Insights of Novelship
Novelship has successfully raised a total of $21.55M across 4 strategic funding rounds. The most recent funding activity was a Series B round of $9.5 million completed in September 2023. 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 4
- Last Round Series B — $9.5M
-
First Round
First Round
(27 Aug 2019)
- Investors Count 6
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2023 | Amount | Series B - Novelship | Valuation | East Ventures | |
| May, 2022 | Amount | Series A - Novelship | Valuation | East Ventures , GSR Ventures | |
| Apr, 2020 | Amount | Seed - Novelship | Valuation |
investors |
|
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Novelship
Novelship has secured backing from 6 investors, including venture fund and institutional investors. Prominent investors backing the company include IGlobe Partners, GSR Ventures and East Ventures. 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 |
|---|---|---|---|---|
|
Tech and life Science focused early stage VC firm investing in the US
|
Founded Year | Domain | Location | |
|
Venture capital firm investing in Southeast Asian startups and publishing reports on technology and sustainability.
|
Founded Year | Domain | Location | |
|
Early-stage tech startups are invested in by GSR Ventures.
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by Novelship
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
Financial Statements - Novelship
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Novelship Comparisons
Competitors of Novelship
Novelship 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 Flipkart, Lazada, Amazon, ZALORA and SHEIN, 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 |
Multi-category consumer products are offered via an online marketplace platform.
|
|
| domain | founded_year | HQ Location |
Multi-category products are sold via an online marketplace platform.
|
|
| domain | founded_year | HQ Location |
Multi-category products are offered through an online marketplace.
|
|
| domain | founded_year | HQ Location |
Multi-category fashion products are retailed online by ZALORA.
|
|
| domain | founded_year | HQ Location |
Fashion products for men and women are retailed online.
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Latest news on Novelship
Frequently Asked Questions about Novelship
When was Novelship founded?
Novelship was founded in 2017 and raised its 1st funding round 2 years after it was founded.
Where is Novelship located?
Novelship is headquartered in Singapore, Singapore.
Who is the current CEO of Novelship?
Richard Xia is the current CEO of Novelship. They have also founded this company.
Is Novelship a funded company?
Novelship is a funded company, having raised a total of $21.55M across 4 funding rounds to date.
What does Novelship do?
Novelship was founded in 2017 in Singapore as an online marketplace platform focused on fashion items. A diverse product catalog is maintained, encompassing footwear, clothing, handbags, caps, gloves, jewelry, belts, and additional accessories. Operations are supported by a mobile application available on both Android and iOS platforms, facilitating user access to these categories from the Singapore base.
Who are the top competitors of Novelship?
Who are Novelship's investors?
Novelship has 6 investors. Key investors include IGlobe Partners, GSR Ventures, East Ventures, GSR Ventures, and K3 Ventures.
Book a demo & talk to our team
Share a few details and we’ll reach out to schedule a session.