About RedMart
RedMart is a company based in Singapore (Singapore) founded in 2011 was acquired by Lazada in November 2016.. RedMart has raised $58.68 million across 7 funding rounds from investors including Sea, Lazada and Far East Capital. The company has 62 employees as of April 08, 2024. RedMart offers products and services including Shopping App, Help Center, and Vouchers Service. RedMart operates in a competitive market with competitors including Deliveroo, honestbee, Glife, BeepBeep and MyGroser, among others.
- Headquarter Singapore, Singapore
- Employees 62 as on 08 Apr, 2024
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Sectors
Retail
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Redmart India Private Limited
- Date of Incorporation 04 Jul, 2014
- Jurisdiction Bangalore, Karnataka, India
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Annual Revenue
$8.34 K (USD)-99.85as on Mar 31, 2021
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Net Profit
$-109.51 K (USD)-130.98as on Mar 31, 2021
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EBITDA
$-112.21 K (USD)-110.99as on Mar 31, 2021
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Total Equity Funding
$58.68 M (USD)
in 7 rounds
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Latest Funding Round
$26.7 M (USD), Series C
Aug 20, 2015
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Investors
Sea
& 25 more
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Employee Count
62
as on Apr 08, 2024
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Acquired by
Lazada
(Nov 02, 2016)
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Products & Services of RedMart
RedMart offers a comprehensive portfolio of products and services, including Shopping App, Help Center, and Vouchers 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.
App for online shopping with exclusive deals and recommendations
Service for order tracking and inquiry resolution
Feature offering exclusive discounts for purchases
Funding Insights of RedMart
RedMart has successfully raised a total of $58.68M across 7 strategic funding rounds. The most recent funding activity was a Series C round of $26.7 million completed in August 2015. 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 7
- Last Round Series C — $26.7M
- First Round First Round
- Investors Count 25
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2015 | Amount | Series C - RedMart | Valuation | Visionnaire Ventures , Sea | |
| Jul, 2014 | Amount | Series B - RedMart | Valuation | Visionnaire Ventures | |
| Jan, 2014 | Amount | Series A - RedMart | Valuation | LionRock Capital |
| 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 RedMart
RedMart has secured backing from 26 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Sea, Lazada and Far East Capital. 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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Far East Capital is operated as a family office for investments.
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Founded Year | Domain | Location | |
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Global tech startups are invested in stage-agnostically by Visionnaire Ventures.
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Founded Year | Domain | Location | |
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Seed and early stage VC firm investing in Europe & the US
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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 RedMart
| 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 |
Financial Statements - RedMart
| 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 |
Redmart Comparisons
Competitors of RedMart
RedMart 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 Deliveroo, honestbee, Glife, BeepBeep and MyGroser, 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 |
Platform offering food and grocery delivery services
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| domain | founded_year | HQ Location |
Online company providing grocery and food delivery services
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| domain | founded_year | HQ Location |
Food products are distributed by Glife in regional markets.
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| domain | founded_year | HQ Location |
Multi-category grocery supplies are provided via an online platform.
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| domain | founded_year | HQ Location |
Online platform for purchasing groceries and essentials with delivery in Malaysia
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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 Redmart
Frequently Asked Questions about RedMart
When was RedMart founded?
RedMart was founded in 2011 and raised its 1st funding round 1 year after it was founded.
Where is RedMart located?
RedMart is headquartered in Singapore, Singapore.
Is RedMart a funded company?
RedMart is a funded company, having raised a total of $58.68M across 7 funding rounds to date. The company's 1st funding round was a Series A of $5.4M, raised on Jan 16, 2012.
How many employees does RedMart have?
As of Apr 08, 2024, the latest employee count at RedMart is 62.
What is the annual revenue of RedMart?
Annual revenue of RedMart is $8.34K as on Mar 31, 2021.
What does RedMart do?
RedMart is an online and mobile-app based supermarket in Singapore that delivers groceries and home essentials. Sells 15,000 products across its B2C service and marketplace. On Redmarts platform manufacturers can engage shoppers directly with marketing features(coupons, discounts etc.) and analyse sales data. Company has its own warehouse and delivery team. Company showed 16 percent month-on-month growth in GMV, partners and SKUs (Aug15). Backed by Facebook co-founder, Eduardo Saverin and Forrest Li, Founder and Group CEO of Garena. In Jul15, the company launched Redmart Marketplace to allow independent sellers to list and sell their products. In Aug15, the company raised US26.7m in preparation for an upcoming Series C which will be used to expand across Southeast Asia. Appointed Colin Bryar as COO, who was a technical advisor to Amazon CEO Jeff Bezos. As of December 2015, the company has launched its on-demand service, Relay.
Who are the top competitors of RedMart?
What products or services does RedMart offer?
RedMart offers Shopping App, Help Center, and Vouchers Service.
Who are RedMart's investors?
RedMart has 26 investors. Key investors include Sea, Lazada, Far East Capital, Visionnaire Ventures, and Ambient Sound Investments.
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