About Wello
Wello is a company based in Incheon (South Korea) founded in 2021. It operates as a AI-as-a-Service, and Subscription Services. Wello offers products and services including Wello, WelloBiz, and Wello API. Wello operates in a competitive market with competitors including Airxcel, Nivel Parts, Nivel, Dafo and Uniparts India, among others.
- Headquarter Incheon, South Korea
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Sectors
Transportation, Automotive & Logistics
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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 Wello Inc.
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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
Korea Investment Holdings
& 1 more
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Employee Count
Employee Count
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Products & Services of Wello
Wello offers a comprehensive portfolio of products and services, including Wello, WelloBiz, and Wello API. 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.
Personalized policy recommendations are provided for South Korean citizens.
Policy intelligence is offered to businesses for growth.
Custom policy solutions are integrated via API for users.
Funding Insights of Wello
- Total Funding Total Funding
- Total Rounds 1
- Last Round Last Round
- First Round First Round
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2023 | Amount | Seed - Wello | Valuation | Korea Credit Guarantee Fund , Korea Investment Holdings |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 Wello
Wello has secured backing from 2 investors, including institutional and venture fund investors. Prominent investors backing the company include Korea Investment Holdings and Korea Credit Guarantee Fund. 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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Investment holding firm established in Seoul in 2003.
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Founded Year | Domain | Location | |
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Operates as a sector-agnostic accelerator for 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 Wello
| 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 - Wello
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 |
Wello Comparisons
Competitors of Wello
Wello 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 Airxcel, Nivel Parts, Nivel, Dafo and Uniparts India, 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 |
HVAC products including air conditioners and heat pumps are manufactured.
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| domain | founded_year | HQ Location |
Aftermarket parts for golf carts and agricultural vehicles are manufactured.
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| domain | founded_year | HQ Location |
Nivel is engaged in manufacturing and distributing aftermarket parts.
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| domain | founded_year | HQ Location |
Manufacturer and supplier of fire detection and suppression systems for heavy vehicles
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| domain | founded_year | HQ Location |
Engineered systems and components are manufactured for off-highway vehicles.
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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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Frequently Asked Questions about Wello
When was Wello founded?
Wello was founded in 2021 and raised its 1st funding round 2 years after it was founded.
Where is Wello located?
Wello is headquartered in Incheon, South Korea.
Who is the current CEO of Wello?
Kim Yuri Anna is the current CEO of Wello.
What does Wello do?
Wello is engaged in connecting individuals and businesses to relevant policies using AI-driven natural language processing technology. The company operates in the technology sector, offering solutions like Wello for personal policy recommendations, WelloBiz for business policy intelligence, and Wello API for integrated policy solutions. Services are tailored to enhance economic well-being and societal growth in South Korea by ensuring policies are accessible and effectively utilized.
Who are the top competitors of Wello?
Wello's top competitors include Airxcel, Uniparts India and Worksport.
What products or services does Wello offer?
Wello offers Wello, WelloBiz, and Wello API.
Who are Wello's investors?
Wello has 2 investors. Key investors include Korea Investment Holdings, and Korea Credit Guarantee Fund.
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