About SK Rent-a-Car
SK Rent-a-Car is a company based in Seoul (South Korea) founded in 2021 was acquired by Affinity Equity Partners in August 2024. It operates as a Pay-per-Use / Usage-Based, and Subscription Services. SK Rent-a-Car offers products and services including Long-Term Rent, Short-Term Rent, Monthly Rent, TagoPAY, and TagoBUY.
- 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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- Legal Name Sk Rent-A-Car Co., Ltd.
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
- Investors
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Employee Count
Employee Count
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Acquired by
Affinity Equity Partners
(Aug 20, 2024)
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Products & Services of SK Rent-a-Car
SK Rent-a-Car offers a comprehensive portfolio of products and services, including Long-Term Rent, Short-Term Rent, Monthly Rent, TagoPAY, and TagoBUY. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Long-term car rental service for extended personal use.
Short-term car rental for flexible, temporary usage needs.
Monthly car rental option for medium-term usage flexibility.
Pay-per-use car rental with usage-based payment structure.
Rental service allowing trial before vehicle purchase decision.
Funding Insights of SK Rent-a-Car
| 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 |
investors |
Investors in SK Rent-a-Car
SK Rent-a-Car has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Affinity Equity Partners. 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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A leader in Asian private equity investments since 1998.
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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 Rent-a-Car
| 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 Rent-a-Car
| 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 |
investors |
Sk Rent-A-Car Comparisons
Competitors of SK Rent-a-Car
| 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 SK Rent-a-Car
When was SK Rent-a-Car founded?
SK Rent-a-Car was founded in 2021.
Where is SK Rent-a-Car located?
SK Rent-a-Car is headquartered in Seoul, South Korea.
Who is the current CEO of SK Rent-a-Car?
Hwang Il-moon is the current CEO of SK Rent-a-Car.
What does SK Rent-a-Car do?
Car rental solutions are offered by SK Rent-a-Car across South Korea, catering to both short-term and long-term needs. Services include monthly rentals, yearly contracts, and flexible pay-per-use options. Specialized plans like TagoBUY and TagoPAY are designed for customers seeking trial periods or usage-based payments. The company operates in the automotive rental sector, serving individual and corporate clients with new and used vehicles. Nationwide coverage is ensured through accessible booking for Jeju and other regions.
What products or services does SK Rent-a-Car offer?
SK Rent-a-Car offers Long-Term Rent, Short-Term Rent, Monthly Rent, TagoPAY, and TagoBUY.
Who are SK Rent-a-Car's investors?
SK Rent-a-Car has 1 investor. Key investors include Affinity Equity Partners.
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