About OkBuy
OkBuy is a company based in Beijing (China) founded in 2007. It operates as a B2C. OkBuy has raised $27 million across 3 funding rounds from investors including Sequoia Capital, DFJ and Intel Education Accelerator. OkBuy operates in a competitive market with competitors including Letao, Paixie, Eyee, 10000xc and Wolverine Minerals, among others.
- Headquarter Beijing, China
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Sectors
Retail
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Phone
*********
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Website
*********
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$27 M (USD)
in 3 rounds
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Latest Funding Round
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Investors
Sequoia Capital
& 2 more
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Employee Count
Employee Count
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Funding Insights of OkBuy
OkBuy has successfully raised a total of $27M across 3 strategic funding rounds. 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 3
- Last Round Last Round
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First Round
First Round
(01 Nov 2009)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2011 | Amount | Series B - OkBuy | Valuation |
investors |
|
| Oct, 2010 | Amount | Series B - OkBuy | Valuation | Sequoia Capital , DFJ |
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| Nov, 2009 | Amount | Series A - OkBuy | Valuation | Sequoia Capital |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in OkBuy
OkBuy has secured backing from 3 investors, including venture fund investors. Prominent investors backing the company include Sequoia Capital, DFJ and Intel Education Accelerator. 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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Sequoia Capital is engaged in venture capital investments.
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Founded Year | Domain | Location | |
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US focused VC firm
|
Founded Year | Domain | Location | |
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Education startups are funded and mentored by Intel-backed accelerator.
|
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 | |
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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.
|
Founded Year | Domain | Location |
Investments & Acquisitions by OkBuy
| 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 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
Financial Statements - OkBuy
| 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 |
Okbuy Comparisons
Competitors of OkBuy
OkBuy 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 Letao, Paixie, Eyee, 10000xc and Wolverine Minerals, 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 |
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| domain | founded_year | HQ Location |
Paixie is a shopping website specializing in branded shoes and apparel for style-conscious consumers.
|
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| domain | founded_year | HQ Location |
Manages an e-commerce platform specializing in footwear sales.
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| domain | founded_year | HQ Location |
Operates a digital marketplace for purchasing footwear.
|
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| domain | founded_year | HQ Location |
Manages an e-commerce store specializing in footwear products.
|
| 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 OkBuy
When was OkBuy founded?
OkBuy was founded in 2007 and raised its 1st funding round 2 years after it was founded.
Where is OkBuy located?
OkBuy is headquartered in Beijing, China.
Is OkBuy a funded company?
OkBuy is a funded company, having raised a total of $27M across 3 funding rounds to date. The company's 1st funding round was a Series A of $10M, raised on Nov 01, 2009.
What does OkBuy do?
OkBuy, based in Beijing, focuses on engaging in retail operations, operating online marketplaces, footwear, and conducting sales online. An e-tailer specializing in a wide range of footwear products for online shoppers. The company prioritizes operational excellence, innovation, and customer-centric approaches for success.
Who are OkBuy's investors?
OkBuy has 3 investors. Key investors include Sequoia Capital, DFJ, and Intel Education Accelerator.
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