About Swoopo
Swoopo is a company based in Mountain View (United States) founded in 2005. It operates as a Marketplace, and B2C. Swoopo has raised $14 million across 2 funding rounds from investors including August Capital and Wellington Partners Venture Capital. Swoopo offers products and services including Bid Pack, Auctions, and Promotions. Swoopo operates in a competitive market with competitors including BiddingForGood, AuctionRover, Auction, Equip-bid and Proxibid, among others.
- Headquarter Mountain View, United States
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Sectors
Retail
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Phone
*********
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Website
*********
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Social
*********
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$14 M (USD)
in 2 rounds
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Latest Funding Round
$10 M (USD), Series B
Apr 06, 2009
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Investors
August Capital
& 1 more
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Employee Count
Employee Count
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Products & Services of Swoopo
Swoopo offers a comprehensive portfolio of products and services, including Bid Pack, Auctions, and Promotions. 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.
System for purchasing packs to place bids in auctions
Online events for bidding on discounted products and deals
Features offering special deals and exchange offers for users
Funding Insights of Swoopo
Swoopo has successfully raised a total of $14M across 2 strategic funding rounds. The most recent funding activity was a Series B round of $10 million completed in April 2009. 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 B — $10.0M
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First Round
First Round
(01 Jan 2006)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2009 | Amount | Series B - Swoopo | Valuation |
investors |
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| Jan, 2006 | Amount | Series A - Swoopo | 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 Swoopo
Swoopo has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include August Capital and Wellington Partners Venture Capital. 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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Venture capital is invested personally in fewer enterprises, with support provided for building game-changing businesses.
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Founded Year | Domain | Location | |
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Investments are made in early-stage healthcare startups.
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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 Swoopo
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
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 - Swoopo
| 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 |
Swoopo Comparisons
Competitors of Swoopo
Swoopo 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 BiddingForGood, AuctionRover, Auction, Equip-bid and Proxibid, 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 |
Multi-category product auctions are hosted for online fundraising.
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| domain | founded_year | HQ Location |
Simultaneous online auctions are crawled to find optimal item deals.
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| domain | founded_year | HQ Location |
Multi-category consumer products are auctioned through an online platform.
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| domain | founded_year | HQ Location |
Multi-category products are auctioned online through Equip-Bid platform.
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| domain | founded_year | HQ Location |
An online auction marketplace for consumer products is provided.
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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 Swoopo
When was Swoopo founded?
Swoopo was founded in 2005 and raised its 1st funding round 1 year after it was founded.
Where is Swoopo located?
Swoopo is headquartered in Mountain View, United States. It is registered at Mountain View, California, United States.
Is Swoopo a funded company?
Swoopo is a funded company, having raised a total of $14M across 2 funding rounds to date. The company's 1st funding round was a Series A of $4M, raised on Jan 01, 2006.
What does Swoopo do?
DealDash operates as an online auction platform where users bid on various products to secure deals. It offers features like bid packs and promotions, facilitating e-commerce transactions between suppliers and consumers. The service emphasizes user engagement through bidding mechanics and savings opportunities, though specific locations are not detailed in available information. It targets individual buyers seeking affordable items via digital interfaces.
Who are the top competitors of Swoopo?
Swoopo's top competitors include Equip-bid, BiddingForGood and AuctionRover.
What products or services does Swoopo offer?
Swoopo offers Bid Pack, Auctions, and Promotions.
Who are Swoopo's investors?
Swoopo has 2 investors. Key investors include August Capital, and Wellington Partners Venture Capital.
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