About W Concept
W Concept is a company based in Seoul (South Korea) founded in 2008 was acquired by Lotte Chemical in March 2021. It operates as a Two-Sided Marketplace. W Concept offers products and services including Fashion Retail. W Concept operates in a competitive market with competitors including Coupang, Tmon, 11st, Gmarket(eBay Korea) and OliveYoung, among others.
- Headquarter Seoul, South Korea
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Sectors
Retail
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name W Concept Korea Co., Ltd.
- Jurisdiction Na, Maharashtra, India
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
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Investors
Lotte Chemical
& 3 more
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Employee Count
Employee Count
- Acquired by
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Products & Services of W Concept
W Concept offers a comprehensive portfolio of products and services, including Fashion Retail. 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.
Fashion products are sold through an online platform.
Funding Insights of W Concept
| 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 W Concept
W Concept has secured backing from 4 investors, including institutional and venture fund investors. Prominent investors backing the company include Lotte Chemical, CJ ENM and Emart. 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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Private fund focused on debt and equity investments in medium and large-sized businesses
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Founded Year | Domain | Location | |
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Hypermarket chain managed through franchises in Korea and abroad.
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Founded Year | Domain | Location | |
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Synthetic resins, basic oils, and chemical products are manufactured globally.
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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 W Concept
| 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 - W Concept
| 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 |
W Concept Comparisons
Competitors of W Concept
W Concept 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 Coupang, Tmon, 11st, Gmarket(eBay Korea) and OliveYoung, 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 sold via an online marketplace.
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| domain | founded_year | HQ Location |
Multi-category products are retailed online by Tmon.
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| domain | founded_year | HQ Location |
Hosts a digital marketplace for various consumer goods categories.
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| domain | founded_year | HQ Location |
Products in diverse categories are offered through an e-commerce platform.
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| domain | founded_year | HQ Location |
Runs an online retail platform with products across various categories.
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| domain | founded_year | HQ Location |
Fashion, beauty, and home products are retailed online by 29cm.
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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 W Concept
Frequently Asked Questions about W Concept
When was W Concept founded?
W Concept was founded in 2008.
Where is W Concept located?
W Concept is headquartered in Seoul, South Korea.
What does W Concept do?
W Concept is managed as an e-commerce platform specializing in fashion. Various categories including womens, mens, kids, beauty, and lifestyle products are offered. The platform connects individual sellers with consumers in South Korea. Responsibility for product information and transactions is not held by the company, as it acts as an intermediary. Operations are based in Seoul, focusing on curated fashion retail solutions.
Who are the top competitors of W Concept?
W Concept's top competitors include Coupang, Tmon and Gmarket(eBay Korea).
What products or services does W Concept offer?
W Concept offers Fashion Retail.
Who are W Concept's investors?
W Concept has 4 investors. Key investors include Lotte Chemical, CJ ENM, Emart, and IMM Holdings.
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