About Returnmates
Returnmates is a company based in Los Angeles (United States) founded in 2020.. Returnmates has raised $5.98 million across 2 funding rounds. Returnmates operates in a competitive market with competitors including Optoro, FloorFound, Zigzag Global, Freeing Returns and Rush ReCommerce, among others.
- Headquarter Los Angeles, United States
-
Sectors
Transportation, Automotive & LogisticsRetail
-
Email
***********
-
Phone
*********
-
Website
*********
-
Social
*********
-
Annual Revenue
-
Net Profit
-
EBITDA
-
Total Equity Funding
$5.98 M (USD)
in 2 rounds
-
Latest Funding Round
$5 M (USD), Series A
Sep 02, 2021
-
Investors
-
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
Unlock access to complete
Funding Insights of Returnmates
Returnmates has successfully raised a total of $5.98M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $5 million completed in September 2021. 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 2
- Last Round Series A — $5.0M
-
First Round
First Round
(01 Feb 2021)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2021 | Amount | Series A - Returnmates | Valuation |
investors |
|
| Feb, 2021 | Amount | Seed - Returnmates | Valuation |
investors |
|
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investments & Acquisitions by Returnmates
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
Financial Statements - Returnmates
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Returnmates Comparisons
Competitors of Returnmates
Returnmates 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 Optoro, FloorFound, Zigzag Global, Freeing Returns and Rush ReCommerce, 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 |
Returned inventory is managed for e-commerce retailers via software solutions.
|
|
| domain | founded_year | HQ Location |
Provider of oversized eCommerce returns management solution for businesses
|
|
| domain | founded_year | HQ Location |
International returns are managed for brands and retailers worldwide.
|
|
| domain | founded_year | HQ Location |
App-based solutions for managing retailer returns are offered.
|
|
| domain | founded_year | HQ Location |
Provider of software solutions for managing returning and reselling home products
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Frequently Asked Questions about Returnmates
When was Returnmates founded?
Returnmates was founded in 2020 and raised its 1st funding round 1 year after it was founded.
Where is Returnmates located?
Returnmates is headquartered in Los Angeles, United States. It is registered at Los Angeles, California, United States.
Is Returnmates a funded company?
Returnmates is a funded company, having raised a total of $5.98M across 2 funding rounds to date. The company's 1st funding round was a Seed of $980K, raised on Feb 01, 2021.
What does Returnmates do?
Returnmates was founded in 2020 in Los Angeles, United States, within the e-commerce logistics sector. Web-based platforms are utilized for managing product returns and reselling processes. Pick-ups for returnable items are scheduled by users, accompanied by real-time tracking. A peer-to-peer shipping service is integrated to facilitate reselling directly from doorsteps, supporting efficient operations across the region.
Who are the top competitors of Returnmates?
Returnmates's top competitors include Optoro, Zigzag Global and FloorFound.