About Westwing
Westwing is a company based in Munchen (Germany) founded in 2011. It operates as a Direct-to-Consumer (D2C). Westwing has raised $211.7 million across 6 funding rounds from investors including Fidelity Investments, Rocket Internet and European Union. Westwing offers products and services including Home & Living Products. Westwing operates in a competitive market with competitors including La-Z-Boy, Knoll, Vitra, Calligaris and Miliboo, among others.
- Headquarter Munchen, Germany
- Stage Public
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Sectors
Consumer
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Westwing Group Se
- Jurisdiction Bangalore, Karnataka, India
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$211.7 M (USD)
in 6 rounds
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Latest Funding Round
$32.62 M (USD), Series D
Apr 17, 2015
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Investors
Fidelity Investments
& 9 more
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Employee Count
Employee Count
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Products & Services of Westwing
Westwing offers a comprehensive portfolio of products and services, including Home & Living Products. 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.
Home decor and furniture are sold through online platforms.
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Software Development Team
30 people
Sales and Marketing
27 people
Senior Team
21 people
Finance and Accounting
9 people
Leadership Team
8 people
Product Management Team
6 people
Head Team
6 people
Creative and Marketing Team
6 people
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Funding Insights of Westwing
Westwing has successfully raised a total of $211.7M across 6 strategic funding rounds. The most recent funding activity was a Series D round of $32.62 million completed in April 2015. 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 6
- Last Round Series D — $32.6M
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First Round
First Round
(08 Jun 2012)
- Investors Count 10
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2015 | Amount | Series D - Westwing | Valuation |
investors |
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| Feb, 2015 | Amount | Grant - Westwing | Valuation |
investors |
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| Jan, 2015 | Amount | Series D - Westwing | Valuation |
investors |
| 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 Westwing
Westwing has secured backing from 10 investors, including venture fund and institutional investors. Prominent investors backing the company include Fidelity Investments, Rocket Internet and European Union. 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 and holding company controlled by Len Blavatnik
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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 | |
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Summit Partners is recognized as a growth equity investment firm.
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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 Westwing
| 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 - Westwing
| 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 |
Westwing Comparisons
Competitors of Westwing
Westwing 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 La-Z-Boy, Knoll, Vitra, Calligaris and Miliboo, 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 |
Home furniture is manufactured and retailed by La-Z-Boy.
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| domain | founded_year | HQ Location |
Modern furniture for homes and offices is designed and manufactured.
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| domain | founded_year | HQ Location |
Multi-category furniture for home and office is manufactured by Vitra.
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| domain | founded_year | HQ Location |
Home furniture and decor items are produced by Calligaris.
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| domain | founded_year | HQ Location |
Contemporary furniture is manufactured and sold online by Miliboo.
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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 Westwing
Frequently Asked Questions about Westwing
When was Westwing founded?
Westwing was founded in 2011 and raised its 1st funding round 1 year after it was founded.
Where is Westwing located?
Westwing is headquartered in Munchen, Germany. It is registered at Munchen, Bayern, Germany.
Is Westwing a funded company?
Westwing is a funded company, having raised a total of $211.7M across 6 funding rounds to date. The company's 1st funding round was a Series D of $29.82M, raised on Jun 08, 2012.
What does Westwing do?
Home decor and furniture are offered through an online platform by Westwing. Operations span multiple European countries, focusing on e-commerce solutions for home and living products. Various markets are served with localized websites for customer convenience.
Who are the top competitors of Westwing?
Westwing's top competitors include La-Z-Boy, Knoll and Calligaris.
What products or services does Westwing offer?
Westwing offers Home & Living Products.
Who are Westwing's investors?
Westwing has 10 investors. Key investors include Fidelity Investments, Rocket Internet, European Union, Odey Asset Management, and Kinnevik.
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