About Return Magic
Return Magic is a company based in Montreal (Canada) founded in 2016 was acquired by Shopify in June 2018.. Return Magic operates in a competitive market with competitors including Return Logic, seel, Kover.ai, Returnmates and Return Rabbit, among others.
- Headquarter Montreal, Canada
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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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Funding Insights of Return Magic
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 |
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Investors in Return Magic
Return Magic has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Shopify. 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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E-commerce storefront solutions are provided for online businesses.
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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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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Venture capital is directed toward companies in multiple sectors.
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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 Return Magic
| 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 - Return Magic
| 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 |
Return Magic Comparisons
Competitors of Return Magic
Return Magic 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 Return Logic, seel, Kover.ai, Returnmates and Return Rabbit, 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 |
Cloud-based return management software is provided to retailers.
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| domain | founded_year | HQ Location |
Solutions are provided to enhance conversion rates for Shopify merchants.
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| domain | founded_year | HQ Location |
Online insurance for mobile devices and gig workers is offered.
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| domain | founded_year | HQ Location |
Web-based solutions for returns and reselling management are provided.
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| domain | founded_year | HQ Location |
SaaS-based return management software is offered for Shopify e-commerce stores.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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 Return Magic
When was Return Magic founded?
Return Magic was founded in 2016.
Where is Return Magic located?
Return Magic is headquartered in Montreal, Canada. It is registered at Montreal, Quebec, Canada.
What does Return Magic do?
Return Magic was founded in 2016 in Montreal, Canada, and operates within the eCommerce sector. Software for return management is provided to Shopify stores, where return labels and refunds are automated. Integration with 3PL, ERP, and WMS systems is supported, alongside business insights and an analytics dashboard for tracking KPIs. Pricing is structured by package and selected features.
Who are the top competitors of Return Magic?
Return Magic's top competitors include Atomic, seel and Return Logic.
Who are Return Magic's investors?
Return Magic has 1 investor. Key investors include Shopify.