About Rakuten Fits Me
Rakuten Fits Me is a company based in London (United Kingdom) founded in 2009.. Rakuten Fits Me has raised $15.97 million across 5 funding rounds from investors including Entrepreneurs Fund, SmartCap and Conor. The company has 11 employees as of September 30, 2024. Rakuten Fits Me has completed 1 acquisition, including Clothes Horse. Rakuten Fits Me operates in a competitive market with competitors including Hexa3D, Virtusize, Perfitly, Body Labs and Presize, among others.
- Headquarter London, United Kingdom
- Employees 11 as on 30 Sep, 2024
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Sectors
Retail
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Phone
*********
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Website
*********
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Social
*********
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Annual Revenue
$1.05 M (USD)-2as on Dec 31, 2023
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Net Profit
$94.09 K (USD)77as on Dec 31, 2023
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EBITDA
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Total Equity Funding
$15.97 M (USD)
in 5 rounds
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Latest Funding Round
$5.3 M (USD), Series B
Oct 23, 2014
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Investors
Entrepreneurs Fund
& 3 more
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Employee Count
11
as on Sep 30, 2024
- Investments & Acquisitions
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Funding Insights of Rakuten Fits Me
Rakuten Fits Me has successfully raised a total of $15.97M across 5 strategic funding rounds. The most recent funding activity was a Series B round of $5.3 million completed in October 2014. 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 5
- Last Round Series B — $5.3M
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First Round
First Round
(01 May 2009)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2014 | Amount | Series B - Rakuten Fits Me | Valuation |
investors |
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| Apr, 2013 | Amount | Series A - Rakuten Fits Me | Valuation |
investors |
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| Feb, 2012 | Amount | Series A - Rakuten Fits Me | Valuation | Entrepreneurs Fund |
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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 Rakuten Fits Me
Rakuten Fits Me has secured backing from 4 investors, including venture fund and institutional investors. Prominent investors backing the company include Entrepreneurs Fund, SmartCap and Conor. 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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Tech & life science focused stage agnostic VC firm investing primarily in Western Europe
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Founded Year | Domain | Location | |
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Founded Year | Domain | Location | |
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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 Rakuten Fits Me
Rakuten Fits Me has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Clothes Horse. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| 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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Virtual fitting software is provided for e-commerce retailers.
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2011 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Rakuten Fits Me
| 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 |
Rakuten Fits Me Comparisons
Competitors of Rakuten Fits Me
Rakuten Fits Me 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 Hexa3D, Virtusize, Perfitly, Body Labs and Presize, 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 |
SaaS platform for 3D content creation to enable AR/VR in commerce
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| domain | founded_year | HQ Location |
Virtual fitting solutions for online garment sizing are offered.
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| domain | founded_year | HQ Location |
Virtual fitting solutions for apparel are provided via 3D visualization.
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| domain | founded_year | HQ Location |
Offers technology for creating accurate 3D body models.
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| domain | founded_year | HQ Location |
3D fitting solutions are rendered for online fashion retailers.
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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 Rakuten Fits Me
Frequently Asked Questions about Rakuten Fits Me
When was Rakuten Fits Me founded?
Rakuten Fits Me was founded in 2009.
Where is Rakuten Fits Me located?
Rakuten Fits Me is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
Is Rakuten Fits Me a funded company?
Rakuten Fits Me is a funded company, having raised a total of $15.97M across 5 funding rounds to date.
How many employees does Rakuten Fits Me have?
As of Sep 30, 2024, the latest employee count at Rakuten Fits Me is 11.
What is the annual revenue of Rakuten Fits Me?
Annual revenue of Rakuten Fits Me is $1.05M as on Dec 31, 2023.
What does Rakuten Fits Me do?
Rakuten Fits Me was founded in 2009 in London, United Kingdom, focusing on technology for the e-commerce apparel sector. Virtual fitting room solutions are developed to simulate garment fits on user bodies based on provided profiles. These tools are utilized by online retailers to resolve sizing uncertainties, supporting conversion improvements and return reductions in operations.
Who are the top competitors of Rakuten Fits Me?
How many acquisitions has Rakuten Fits Me made?
Rakuten Fits Me has made 1 acquisition, including Clothes Horse.
Who are Rakuten Fits Me's investors?
Rakuten Fits Me has 4 investors. Key investors include Entrepreneurs Fund, SmartCap, Conor, and Estonian Development Fund.