About Smove
Smove is a company based in Singapore (Singapore) founded in 2011.. Smove has raised $1.1 million across 1 funding round from investors including Wavemaker Partners, Rebright Partners and 500 Global. Smove operates in a competitive market with competitors including GetGo, BlueSG, Carre Mobility, CarClub and Car Lite, among others.
- Headquarter Singapore, Singapore
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Sectors
Travel & HospitalityTransportation, Automotive & Logistics
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Phone
*********
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Website
*********
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Social
*********
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Annual Revenue
$2.48 M (USD)0as on Dec 31, 2018
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Net Profit
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EBITDA
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Total Equity Funding
$1.1 M (USD)
in 1 rounds
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Latest Funding Round
$1.1 M (USD), Seed
Sep 05, 2014
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Investors
Wavemaker Partners
& 2 more
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Employee Count
Employee Count
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Funding Insights of Smove
Smove has successfully raised a total of $1.1M through 1 strategic funding round. The most recent funding activity was a Seed round of $1.1 million completed in September 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 Seed — $1.1M
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First Round
First Round
(05 Sep 2014)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2014 | Amount | Seed - Smove | Valuation | Rebright Partners |
| 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 Smove
Smove has secured backing from 3 investors, including venture fund investors. Prominent investors backing the company include Wavemaker Partners, Rebright Partners and 500 Global. 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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Early-stage venture capital firm focusing on Asia regions.
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Founded Year | Domain | Location | |
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Investments in early-stage technology companies are made by Wavemaker Partners.
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Founded Year | Domain | Location | |
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Seed-stage investments are targeted globally by this venture capital firm.
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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 Smove
| 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 - Smove
| 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 |
Smove Comparisons
Competitors of Smove
Smove 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 GetGo, BlueSG, Carre Mobility, CarClub and Car Lite, 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 |
Cars are located, unlocked, and returned via a mobile app.
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| domain | founded_year | HQ Location |
Electric fleet-based car sharing services are provided in Singapore.
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| domain | founded_year | HQ Location |
Multi-category self-driven vehicle rentals and car-pooling are provided online.
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| domain | founded_year | HQ Location |
Pay-per-use car rentals are facilitated from stations in Singapore.
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| domain | founded_year | HQ Location |
An online platform providing convenient car rental services to customers.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| 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 Smove
When was Smove founded?
Smove was founded in 2011 and raised its 1st funding round 3 years after it was founded.
Where is Smove located?
Smove is headquartered in Singapore, Singapore.
Is Smove a funded company?
Smove is a funded company, having raised a total of $1.1M across 1 funding round to date. The company's 1st funding round was a Seed of $1.1M, raised on Sep 05, 2014.
What is the annual revenue of Smove?
Annual revenue of Smove is $2.48M as on Dec 31, 2018.
What does Smove do?
Smove was founded in 2011 in Singapore as an online car rental platform in the mobility sector. Vehicles are picked up at designated city locations or delivered to doors for extra fees. Access is enabled through EZ-Link metro cards for unlocking and identity verification. Subscription options are provided for short- and long-term rentals. A mobile app is offered for Android and iOS users.
Who are Smove's investors?
Smove has 3 investors. Key investors include Wavemaker Partners, Rebright Partners, and 500 Global.