About Woowa Bros
Woowa Bros is a company based in Seoul (South Korea) founded in 2011 was acquired by Delivery Hero in December 2019.. Woowa Bros has raised $131.8 million across 5 funding rounds from investors including Delivery Hero, Goldman Sachs and Naver. Woowa Bros has completed 1 acquisition, including VietnamMM. Woowa Bros operates in a competitive market with competitors including Delivery Hero, Baemin, Yogiyo, Shuttle Delivery and Doeat, among others.
- Headquarter Seoul, South Korea
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Sectors
Consumer
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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
$131.8 M (USD)
in 5 rounds
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Latest Funding Round
$32 M (USD), Series E
Nov 14, 2017
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Investors
Delivery Hero
& 7 more
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Employee Count
Employee Count
- Investments & Acquisitions
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Acquired by
Delivery Hero
(Dec 13, 2019)
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Funding Insights of Woowa Bros
Woowa Bros has successfully raised a total of $131.8M across 5 strategic funding rounds. The most recent funding activity was a Series E round of $32 million completed in November 2017. 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 5
- Last Round Series E — $32.0M
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First Round
First Round
(01 Jun 2012)
- Investors Count 7
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2017 | Amount | Series E - Woowa Bros | Valuation | Naver |
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| Apr, 2016 | Amount | Series E - Woowa Bros | Valuation | Hillhouse |
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| Nov, 2014 | Amount | Series D - Woowa Bros | Valuation | Goldman Sachs |
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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 Woowa Bros
Woowa Bros has secured backing from 8 investors, including institutional and venture fund investors. Prominent investors backing the company include Delivery Hero, Goldman Sachs and Naver. 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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Global private equity investments are managed with long-term focus.
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Founded Year | Domain | Location | |
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Investment banking services are delivered across multiple financial sectors.
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Founded Year | Domain | Location | |
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Investments in tech startups are provided by CyberAgent Capital.
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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 Woowa Bros
Woowa Bros has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include VietnamMM. 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
|
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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Food discovery and ordering platform is operated in Vietnam.
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2010 |
| 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.
|
2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 |
Financial Statements - Woowa Bros
| 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 |
Woowa Bros Comparisons
Competitors of Woowa Bros
Woowa Bros 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 Delivery Hero, Baemin, Yogiyo, Shuttle Delivery and Doeat, 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 |
Food ordering and delivery services are facilitated online.
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| domain | founded_year | HQ Location |
Food delivery is enabled via an online ordering platform.
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| domain | founded_year | HQ Location |
Food orders and deliveries are enabled via an online platform.
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| domain | founded_year | HQ Location |
Food delivery is enabled via an online ordering platform.
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| domain | founded_year | HQ Location |
Food from local restaurants is delivered via an online platform.
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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 Woowa Bros
Frequently Asked Questions about Woowa Bros
When was Woowa Bros founded?
Woowa Bros was founded in 2011 and raised its 1st funding round 1 year after it was founded.
Where is Woowa Bros located?
Woowa Bros is headquartered in Seoul, South Korea.
Is Woowa Bros a funded company?
Woowa Bros is a funded company, having raised a total of $131.8M across 5 funding rounds to date. The company's 1st funding round was a Series D of $36M, raised on Jun 01, 2012.
What does Woowa Bros do?
Woowa Bros was founded in 2011 in Seoul, South Korea, within the food delivery sector. Mobile applications for Android and iOS are developed by the company to facilitate connections between restaurants and consumers. On-demand food delivery operations are managed through these platforms, enabling efficient order processing and service delivery in urban areas. The domain woowahan.com supports these activities.
Who are the top competitors of Woowa Bros?
Woowa Bros's top competitors include Delivery Hero, Yogiyo and Baemin.
How many acquisitions has Woowa Bros made?
Woowa Bros has made 1 acquisition, including VietnamMM.
Who are Woowa Bros's investors?
Woowa Bros has 8 investors. Key investors include Delivery Hero, Goldman Sachs, Naver, Hillhouse, and CyberAgent Capital.