About Ule
Ule is a company based in Shanghai (China) founded in 2010 by Chen Qing.. Ule has raised $110 million across 1 funding round. Ule operates in a competitive market with competitors including JD.com, Amazon, Jumia, Wish Shopping and Taobao.com, among others.
- Headquarter Shanghai, China
- Founders Chen Qing
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Sectors
Retail
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Phone
*********
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Website
*********
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$110 M (USD)
in 1 rounds
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Latest Funding Round
$110 M (USD), Private Equity Round
Feb 28, 2014
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Investors
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Employee Count
Employee Count
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Funding Insights of Ule
Ule has successfully raised a total of $110M through 1 strategic funding round. The most recent funding activity was a Private Equity Round round of $110 million completed in February 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 — $110.0M
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First Round
First Round
(28 Feb 2014)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2014 | Amount | Private Equity Round - Ule | Valuation |
investors |
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| 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 |
Investments & Acquisitions by Ule
| 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 - Ule
| 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 |
Ule Comparisons
Competitors of Ule
Ule 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 JD.com, Amazon, Jumia, Wish Shopping and Taobao.com, 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 consumer products are retailed online by JD.com.
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| domain | founded_year | HQ Location |
Multi-category products are offered through an online marketplace.
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| domain | founded_year | HQ Location |
Multi-category products are offered through an online marketplace platform.
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| domain | founded_year | HQ Location |
Online marketplace platform offering multi-category consumer products
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| domain | founded_year | HQ Location |
Multi-category consumer products are offered via an online marketplace.
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| domain | founded_year | HQ Location |
Multi-category consumer products are sold via an online marketplace.
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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 Ule
When was Ule founded?
Ule was founded in 2010 and raised its 1st funding round 4 years after it was founded.
Where is Ule located?
Ule is headquartered in Shanghai, China.
Is Ule a funded company?
Ule is a funded company, having raised a total of $110M across 1 funding round to date. The company's 1st funding round was a Private Equity Round of $110M, raised on Feb 28, 2014.
What does Ule do?
Ule was founded in 2010 in Shanghai, China, through a partnership between state-backed China Post and TOM Group. As a B2C e-commerce platform, a variety of products is offered for purchase over the internet or mobile devices, alongside offline options such as catalogues, phone orders, and over-the-counter services. Logistics and warehousing capabilities are provided by China Post, with technological support from TOM Group, resulting in 110 million of funding secured.