About Returneeds
Returneeds is a company based in Gunpo (South Korea) founded in 2023 by Daegun Yoon. Returneeds has raised $742.68 thousand across 3 funding rounds from investors including Etri Holdings, Korea Investment Accelerator and Bluepoint. Returneeds offers products and services including Return Service, Small Box Service, Medium Box Service, and Large Box Service. Returneeds operates in a competitive market with competitors including OPTIMIZ and Return Box, among others.
- Headquarter Gunpo, South Korea
- Founders Daegun Yoon
-
Sectors
Transportation, Automotive & LogisticsRetail
-
Email
***********
-
Phone
*********
-
Website
*********
-
Social
*********
- Legal Name 리터놀 주식회사
- Jurisdiction Na, Maharashtra, India
-
Annual Revenue
-
Net Profit
-
EBITDA
-
Total Equity Funding
$742.68 K (USD)
in 3 rounds
-
Latest Funding Round
$742.68 K (USD), Seed
Oct 08, 2024
-
Investors
Etri Holdings
& 5 more
-
Employee Count
Employee Count
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Products & Services of Returneeds
Returneeds offers a comprehensive portfolio of products and services, including Return Service, Small Box Service, Medium Box Service, and Large Box Service.
Platform for efficient product return management at lower costs for businesses.
Service for returns of items up to 5kg and 100cm, priced from 1,900 won.
Option for returns of items up to 10kg and 120cm, starting at 2,800 won.
Service for returns of items up to 25kg and 160cm, beginning at 4,400 won.
Funding Insights of Returneeds
Returneeds has successfully raised a total of $742.68K across 3 strategic funding rounds. The most recent funding activity was a Seed round of $742.68 thousand completed in October 2024. 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 Seed — $742,684
- First Round First Round
- Investors Count 6
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2024 | Amount | Seed - Returneeds | Valuation |
investors |
|
| Dec, 2023 | Amount | Seed - Returneeds | Valuation |
investors |
|
| Oct, 2023 | Amount | Seed - Returneeds | Valuation |
investors |
Investors in Returneeds
Returneeds has secured backing from 6 investors, including venture fund and institutional investors. Prominent investors backing the company include Etri Holdings, Korea Investment Accelerator and Bluepoint.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
-
|
Founded Year | Domain | Location | |
|
Startup acceleration services are provided by Korea Investment Accelerator.
|
Founded Year | Domain | Location | |
|
Bluepoint is associated with innovation and starters' initiatives.
|
Founded Year | Domain | Location |
Investments & Acquisitions by Returneeds
Financial Statements - Returneeds
Returneeds Comparisons
Competitors of Returneeds
Returneeds 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 OPTIMIZ and Return Box, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
AI-driven claims management platform
|
|
| domain | founded_year | HQ Location |
Cloud-based parcel returns management solutions are provided for users.
|
Latest news on Returneeds
Frequently Asked Questions about Returneeds
Returneeds was founded in 2023.
Returneeds is headquartered in Gunpo, South Korea. It is registered at Gunpo, Gyeonggi-do, South Korea.
Daegun Yoon is the current CEO of Returneeds. They have also founded this company.
Returneeds is a funded company, having raised a total of $742.68K across 3 funding rounds to date.
Returneeds was founded in 2023 in Gunpo, South Korea, as a platform focused on eCommerce return management. Services include tracking of returns, processing of refunds, and handling of exchanges for online purchases. Operations are centered on streamlining return workflows for retailers in the eCommerce sector, with tools provided to manage customer-initiated returns efficiently across various product categories.
Returneeds's top competitors include OPTIMIZ and Return Box.
Returneeds offers Return Service, Small Box Service, Medium Box Service, and Large Box Service.
Returneeds has 6 investors. Key investors include Etri Holdings, Korea Investment Accelerator, Bluepoint, Center for Creative Economy and Innovation, and MYSC.