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
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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 Novelship Pte Ltd
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$21.55 M (USD)
in 4 rounds
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Latest Funding Round
$9.5 M (USD), Series B
Sep 14, 2023
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Investors
IGlobe Partners
& 5 more
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Employee Count
Not available
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People of Novelship
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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.
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.
| Investor | Description | Founded Year | Domain | Location |
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Tech and life Science focused early stage VC firm investing in the US
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Venture capital firm investing in Southeast Asian startups and publishing reports on technology and sustainability.
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Early-stage tech startups are invested in by GSR Ventures.
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Investor details for Novelship
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Investments & Acquisitions by Novelship
Investment portfolio details for Novelship
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Financial Statements - Novelship
Detailed financials for Novelship
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Novelship Comparisons
Peer comparison for Novelship
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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.
| Company Name | Domain | Founded year | HQ Location | Description |
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Multi-category consumer products are offered via an online marketplace platform.
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Multi-category products are sold via an online marketplace platform.
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Multi-category products are offered through an online marketplace.
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Multi-category fashion products are retailed online by ZALORA.
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Fashion products for men and women are retailed online.
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Detailed competitors of Novelship
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Latest news on Novelship
Complete news archive for Novelship
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Frequently Asked Questions about Novelship
Novelship was founded in 2017 and raised its 1st funding round 2 years after it was founded.
Novelship is headquartered in Singapore, Singapore.
Richard Xia is the current CEO of Novelship. They have also founded this company.
Novelship is a funded company, having raised a total of $21.55M across 4 funding rounds to date.
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.
Novelship has 6 investors. Key investors include IGlobe Partners, GSR Ventures, East Ventures, GSR Ventures, and K3 Ventures.