About WEBUY
WEBUY is a company based in Singapore (Singapore) founded in 2018 by Ilay Yulish, Gin Loo, and Bin Xue.. 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 as of December 31, 2024. WEBUY has completed 1 acquisition, including Chilibeli. WEBUY operates in a competitive market with competitors including RedMart, Glife, MyGroser, Benmart and ShopperCliq, among others.
- Headquarter Singapore, Singapore
- Employees 174 as on 31 Dec, 2024
- Founders Ilay Yulish, Gin Loo, Bin Xue
- Stage Public
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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
*********
- Legal Name Webuy Global Ltd.
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Annual Revenue
$58.3 M-5.48as on Dec 31, 2024
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Net Profit
$-6.62 M-28.57as on Dec 31, 2024
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EBITDA
$-7.06 M-84.78as on Dec 31, 2024
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Total Equity Funding
$6 M (USD)
in 2 rounds
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Latest Funding Round
$6 M (USD), Series A
Oct 29, 2020
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Investors
Wavemaker Partners
& 2 more
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Employee Count
174
as on Dec 31, 2024
- Investments & Acquisitions
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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.
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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 Total Funding
- Total Rounds 2
- Last Round Series A — $6.0M
- First Round First Round
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2020 | Amount | Series A - WEBUY | Valuation | Wavemaker Partners | |
| Feb, 2020 | Amount | Seed - WEBUY | Valuation | Global Founders Capital , Rocket Internet |
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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 |
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. 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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Investments in early-stage technology companies are made by Wavemaker Partners.
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Founded Year | Domain | Location | |
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Venture capital firm focused on early-stage startups
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Founded Year | Domain | Location | |
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Global investments in internet and technology startups are facilitated.
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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 WEBUY
WEBUY has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Chilibeli. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| 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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Fruits and vegetables are traded via an online community platform.
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2019 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - WEBUY
| 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 |
Webuy Comparisons
Competitors of WEBUY
WEBUY 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 RedMart, Glife, MyGroser, Benmart and ShopperCliq, 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 |
Online grocery delivery services are operated in Singapore.
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| domain | founded_year | HQ Location |
Food products are distributed by Glife in regional markets.
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| domain | founded_year | HQ Location |
Online platform for purchasing groceries and essentials with delivery in Malaysia
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| domain | founded_year | HQ Location |
Online platform for grocery shopping, delivery, and product sales in Singapore.
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| domain | founded_year | HQ Location |
A social commerce platform connecting merchants and users for group buying.
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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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Latest news on Webuy
Frequently Asked Questions about WEBUY
When was WEBUY founded?
WEBUY was founded in 2018 and raised its 1st funding round 2 years after it was founded.
Where is WEBUY located?
WEBUY is headquartered in Singapore, Singapore.
Who is the current CEO of WEBUY?
Bin Xue is the current CEO of WEBUY. They have also founded this company.
Is WEBUY a funded company?
WEBUY is a funded company, having raised a total of $6M across 2 funding rounds to date.
How many employees does WEBUY have?
As of Dec 31, 2024, the latest employee count at WEBUY is 174.
What is the annual revenue of WEBUY?
Annual revenue of WEBUY is $58.3M as on Dec 31, 2024.
What does WEBUY do?
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.
Is WEBUY publicly traded?
Yes, WEBUY is publicly traded on NASDAQ under the ticker symbol WBUY.
How many acquisitions has WEBUY made?
WEBUY has made 1 acquisition, including Chilibeli.
Who are WEBUY's investors?
WEBUY has 3 investors. Key investors include Wavemaker Partners, Rocket Internet, and Global Founders Capital.
What is WEBUY's ticker symbol?
The ticker symbol of WEBUY is WBUY on NASDAQ.