About Wego
Wego is a company based in Singapore (Singapore) founded in 2005 by Ross Allan Veitch and Craig Hewett.. Wego has raised $46.5 million across 7 funding rounds from investors including News Corp, MBC GROUP and Crescent Point. Wego operates in a competitive market with competitors including Skyscanner, Hipmunk, Aviasales, Momondo and Liligo, among others.
- Headquarter Singapore, Singapore
- Founders Ross Allan Veitch, Craig Hewett
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Sectors
Travel & Hospitality
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Email
***********
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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
$46.5 M (USD)
in 7 rounds
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Latest Funding Round
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Investors
News Corp
& 6 more
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Employee Count
Employee Count
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Funding Insights of Wego
Wego has successfully raised a total of $46.5M across 7 strategic funding rounds. 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 7
- Last Round Last Round
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First Round
First Round
(01 Jan 2008)
- Investors Count 7
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2017 | Amount | Series C - Wego | Valuation | Middle East Venture Partners |
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| Sep, 2017 | Amount | Series C - Wego | Valuation | MBC Group |
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| Aug, 2017 | Amount | Series C - Wego | Valuation | MBC Group |
| 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 Wego
Wego has secured backing from 7 investors, including venture fund and institutional investors. Prominent investors backing the company include News Corp, MBC GROUP and Crescent Point. 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 firm focused on early and growth-stage investments
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Founded Year | Domain | Location | |
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Growth equity is provided to consumer-focused companies by Crescent Point.
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Founded Year | Domain | Location | |
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Venture capital fund investing in seed & early-stage 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 Wego
| 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 - Wego
| 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 |
Wego Comparisons
Competitors of Wego
Wego 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 Skyscanner, Hipmunk, Aviasales, Momondo and Liligo, 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 |
Operates an online meta-search platform for booking various travel services.
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| domain | founded_year | HQ Location |
Travel services are discovered and booked via a metasearch platform.
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| domain | founded_year | HQ Location |
Travel services are meta-searched and booked via mobile app platform.
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| domain | founded_year | HQ Location |
Travel services are compared through an online meta-search engine.
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| domain | founded_year | HQ Location |
Online travel metasearch
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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 Wego
Frequently Asked Questions about Wego
When was Wego founded?
Wego was founded in 2005 and raised its 1st funding round 3 years after it was founded.
Where is Wego located?
Wego is headquartered in Singapore, Singapore.
Who is the current CEO of Wego?
Ross Allan Veitch is the current CEO of Wego. They have also founded this company.
Is Wego a funded company?
Wego is a funded company, having raised a total of $46.5M across 7 funding rounds to date. The company's 1st funding round was a Series C of $12M, raised on Jan 01, 2008.
What does Wego do?
Wego was founded in 2005 in Singapore as an online platform focused on travel services. Multiple categories such as flight tickets and hotels are searched and compared by users based on locations, destinations, dates, and personal details. Operations cover global travel options, with the platform accessible via iOS and Android applications. The service facilitates straightforward booking comparisons for travelers worldwide.
Who are Wego's investors?
Wego has 7 investors. Key investors include News Corp, MBC GROUP, Crescent Point, Middle East Venture Partners, and Square Peg Ventures.
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