About SK Encar
SK Encar is a company based in Seoul (South Korea) founded in 2000 was acquired by Carsales in October 2017.. SK Encar has raised $126 million across 1 funding round from investors including Carsales. SK Encar operates in a competitive market with competitors including Carsales, Auctionwini, Chutcha, Mcarman and Salcapalca, among others.
- Headquarter Seoul, South Korea
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Sectors
Transportation, Automotive & Logistics
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Phone
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Website
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Social
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Funding Insights of SK Encar
SK Encar has successfully raised a total of $126M through 1 strategic funding round. The most recent funding activity was a Private Equity Round round of $126 million completed in March 2014. 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 1
- Last Round Private Equity Round — $126.0M
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First Round
First Round
(07 Mar 2014)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Mar, 2014 | Amount | Private Equity Round - SK Encar | Valuation |
investors |
| 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 SK Encar
SK Encar has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Carsales. 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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Online listing platform for used cars
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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 SK Encar
| 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 - SK Encar
| 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 |
Sk Encar Comparisons
Competitors of SK Encar
SK Encar 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 Carsales, Auctionwini, Chutcha, Mcarman and Salcapalca, 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 |
Online listing platform for used cars
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| domain | founded_year | HQ Location |
An online platform for auctions of salvage and used cars for global buyers.
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| domain | founded_year | HQ Location |
Online platform for buying and selling used cars in South Korea.
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| domain | founded_year | HQ Location |
Mcarman is an app-based platform for listing and trading used cars.
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| domain | founded_year | HQ Location |
Online platform for querying car export possibilities using vehicle details.
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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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Latest news on Sk Encar
Frequently Asked Questions about SK Encar
When was SK Encar founded?
SK Encar was founded in 2000 and raised its 1st funding round 14 years after it was founded.
Where is SK Encar located?
SK Encar is headquartered in Seoul, South Korea.
Is SK Encar a funded company?
SK Encar is a funded company, having raised a total of $126M across 1 funding round to date. The company's 1st funding round was a Private Equity Round of $126M, raised on Mar 07, 2014.
What does SK Encar do?
SK Encar is an online used car listing platform. Claims to list more than 1 million cars as of August 2015. Claims to attract around 400,000 unique visitors per day on its online and mobile sites. Also has an inbuilt mobile and web auction system that allows users to participate in bids for used cars. Carsales.com purchased a 49.9 stake in SK Encar for 126M in 2014.
Who are the top competitors of SK Encar?
SK Encar's top competitors include Carsales, Auctionwini and Chutcha.
Who are SK Encar's investors?
SK Encar has 1 investor. Key investors include Carsales.
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