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
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- 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.
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.
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.
| 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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Global tech startups are invested in stage-agnostically by Visionnaire Ventures.
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Seed and early stage VC firm investing in Europe & the US
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Investor details for RedMart
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Investments & Acquisitions by RedMart
Investment portfolio details for RedMart
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Financial Statements - RedMart
Detailed financials for RedMart
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- Profit trends
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Redmart Comparisons
Peer comparison for RedMart
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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.
| Company Name | Domain | Founded year | HQ Location | Description |
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Platform offering food and grocery delivery services
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Online company providing grocery and food delivery services
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Food products are distributed by Glife in regional markets.
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Multi-category grocery supplies are provided via an online platform.
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Online platform for purchasing groceries and essentials with delivery in Malaysia
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Detailed competitors of RedMart
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Latest news on Redmart
Complete news archive for RedMart
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Frequently Asked Questions about RedMart
RedMart was founded in 2011 and raised its 1st funding round 1 year after it was founded.
RedMart is headquartered in Singapore, Singapore.
RedMart is a funded company, having raised a total of $58.68M across 7 funding rounds to date.
As of Apr 08, 2024, the latest employee count at RedMart is 62.
Annual revenue of RedMart is $8.34K as on Mar 31, 2021.
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.
RedMart offers Shopping App, Help Center, and Vouchers Service.
RedMart has 26 investors. Key investors include Sea, Lazada, Far East Capital, Visionnaire Ventures, and Ambient Sound Investments.