About WEBUY
WEBUY is a publicly listed company based in Singapore (Singapore) founded in 2018 by Ilay Yulish, Gin Loo, and Bin Xue. App-based platform offering group buying of multi-category products. WEBUY has raised $6 million across 2 funding rounds from investors including Wavemaker Partners, Rocket Internet and Global Founders Capital. The company has 174 employees. WEBUY has completed 1 acquisition, including Chilibeli. Its chief executive, as recorded, is Bin Xue. Its focus areas include Food and Agriculture Tech, Online Grocery, B2C Ecommerce and Multi Category. Its competitors include RedMart, Glife and MyGroser; 2 of its 3 listed competitors have raised funding.
Company details
WEBUY was founded in 2018 in Singapore as an e-commerce platform focused on group buying. Multi-category products, including fruits, vegetables, meat, beverages, and instant food, are offered through a mobile app. Operations are based in Singapore, where users participate in collective purchases to access these goods. The platform serves the local market by facilitating shared buying experiences across various product segments.
- Headquarters Singapore, Singapore
- Employees 174
- Founders Ilay Yulish, Gin Loo, Bin Xue
- Stage Public
- SectorsRetail
- Email••••••••
- Website webuysg.com
- Social LinkedIn
- Legal Name Webuy Global Ltd.
- Annual Revenue$18.83 M (USD)-62.98as on Dec 31, 2025
- Net Profit-$8.46 M (USD)-27.79as on Dec 31, 2025
- EBITDA-$4.96 M (USD)-21.99as on Dec 31, 2025
- Total Equity Funding$6M (USD)
in 2 rounds
- Latest Funding Round$6M (USD), Series A
Oct 2020
- InvestorsWavemaker Partners
& 2 more
- Employee Count174
- Investments & Acquisitions
Funding Insights of WEBUY
WEBUY has successfully raised a total of $6M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $6 million completed in October 2020. 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 $6M
- Total Rounds 2
- Last Round Series A — $6M
- Investors Count 3
All 2 funding rounds of WEBUY with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct 2020 | $6M | Series A | – | Wavemaker Partners | |
| Feb 2020 | Seed | – | Global Founders Capital, Rocket Internet | – |
3 investors in total: 3 institutional.
Investors in WEBUY
WEBUY has secured backing from 3 investors, including venture fund investors. Prominent investors backing the company include Wavemaker Partners, Rocket Internet and Global Founders Capital.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Investments in early-stage technology companies are made by Wavemaker Partners. | 2003 | wavemaker.vc | Los Angeles, United States | |
Venture capital firm focused on early-stage startups | globalfounderscapital.com | Berlin, Germany | ||
Global investments in internet and technology startups are facilitated. | 2006 | rocket-internet.com | Berlin, Germany |
Investor details for WEBUY
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People of WEBUY
6 people are tracked at WEBUY (5 in leadership, 1 in team); the tracked headcount is 174.
| Name | Role | Group |
|---|---|---|
Ilay Yulish | Co-Founder | Leadership |
Gin Loo | Co-Founder | Leadership |
Bin Xue | Co-Founder & CEO | Leadership |
Vincent Xue bin | Cofounder And CEO | Leadership |
Lei Liu | Chief Technology Officer | Leadership |
Jervin Lai | Business Development Manager | Team |
Complete people profiles for WEBUY
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IPO & Listings of WEBUY
WEBUY is a publicly listed company on the NASDAQ with ticker symbol WBUY in USA, operating in the Retail trade sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
- IPO date19 Oct 2023
- Listed onNASDAQ: WBUY
- Listed entityWEBUY GLOBAL LTD.
- Exchange sectorRetail trade
- ISINKYG9513S1104
- Share price$0.93 (+13.74% on the day) · 2026-10-13
- Market capitalisation$5.1M
- Price to earnings2.8
- EPS (diluted, trailing year)$0.33
- Volume (last session)20,323,375
Financials of WEBUY
| Year | Revenue | Net income | EBITDA |
|---|---|---|---|
| 2025 | $18.8M | -$8.5M | -$5.0M |
| 2024 | $50.9M | -$6.6M | -$4.1M |
| 2023 | $61.7M | -$5.2M | -$3.8M |
| 2022 | $44.6M | -$6.7M | -$6.9M |
| 2021 | $22.3M | -$8.0M | -$8.0M |
Detailed financial statements for WEBUY
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Investments & Acquisitions by WEBUY
WEBUY has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Chilibeli.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Fruits and vegetables are traded via an online community platform. | chilibeli.com | Jakarta, Indonesia | 2019 | Mar 2022 | •••• |
Complete acquisition details for WEBUY
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Timeline of WEBUY
5 dated milestones of WEBUY across 5 years, from founding to its latest funding, stage changes and deals.
- Founded WEBUY is founded.
- Funding First funding round.
- Funding Latest funding round, Series A, of $6.0M.
- Acquisition Acquires Chilibeli.
- IPO Lists on the stock exchange (IPO).
Competitors of WEBUY
WEBUY has 3 listed competitors in our database, 2 of them funded. They include RedMart, Glife and MyGroser.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| redmart.com | 2011 | Singapore | $58.68M | Online grocery delivery services are operated in Singapore. | ||
| glifefoods.com | 2018 | Singapore | $15.89M | Food products are distributed by Glife in regional markets. | ||
| mygroser.com | 2018 | Singapore | Online platform for purchasing groceries and essentials with delivery in Malaysia |
Detailed competitors of WEBUY
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Web traffic of WEBUY
The website of WEBUY (webuysg.com) receives about 3.7K visits a month.
- Monthly visits3.7K
▼ 32.5% vs previous month
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Related news about Webuy
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Frequently Asked Questions about WEBUY
WEBUY was founded in 2018 and raised its 1st funding round 2 years after it was founded.
WEBUY is headquartered in Singapore, Singapore.
Bin Xue is the CEO of WEBUY, as recorded in our data. They have also founded this company.
WEBUY is a funded company, having raised a total of $6M across 2 funding rounds to date.
WEBUY has 174 employees.
Annual revenue of WEBUY is $18.83M as on Dec 31, 2025.
WEBUY was founded in 2018 in Singapore as an e-commerce platform focused on group buying. Multi-category products, including fruits, vegetables, meat, beverages, and instant food, are offered through a mobile app. Operations are based in Singapore, where users participate in collective purchases to access these goods. The platform serves the local market by facilitating shared buying experiences across various product segments.
Yes, WEBUY is publicly traded on NASDAQ under the ticker symbol WBUY.
WEBUY has made 1 acquisition, including Chilibeli.
WEBUY has 3 investors. Key investors include Wavemaker Partners, Rocket Internet, and Global Founders Capital.