What is iPrice Group?
iPrice Group operates as Southeast Asia's premier Meta-Search platform, facilitating connections between consumers and a vast network of e-commerce merchants. Established in October 2014, the company has rapidly expanded its presence across seven key markets, including Malaysia, Indonesia, Singapore, Vietnam, Thailand, the Philippines, and Hong Kong. iPrice's business model encompasses price comparison for electronics and health & beauty, product discovery for fashion and home & living, and coupon aggregation across all verticals, positioning it as a vital tool for online shoppers in the region.
How much funding has iPrice Group raised?
iPrice Group has raised a total of $17.3M across 5 funding rounds:
Angel/Seed
$550K
Angel/Seed
$1.2M
Series A
$4M
Series B
$10M
Corporate Investment
$1.5M
Angel/Seed (2015): $550K with participation from Asia Venture Group
Angel/Seed (2015): $1.2M led by Asia Venture Group, Venturra, Starstrike Ventures, and 500.com
Series A (2016): $4M supported by Asia Venture Group, Venturra, and Gobi Partners
Series B (2020): $10M featuring LINE Ventures, Mirae Asset-Naver Asia Growth Fund, ACA Investments Pte Ltd, and Daiwa PI Partners Co. Ltd.
Corporate Investment (2021): $1.5M backed by Woowa Brothers
Key Investors in iPrice Group
Asia Venture Group
Asia Venture Group is a company focused on innovative solutions and services, aiming to enhance user experience through data analysis and website optimization. They cater to businesses looking to improve their online presence and user engagement.
Venturra
Venturra is a venture capital firm specializing in early-stage, high-growth technology-enabled businesses in Southeast Asia, supporting companies with industry-redefining ambitions.
Gobi Partners
Gobi Partners is a prominent venture capital firm with a significant presence across China and ASEAN, investing in early to growth-stage startups in emerging markets.
What's next for iPrice Group?
With the recent strategic investment, iPrice Group is poised for accelerated growth and enhanced market penetration. The company is likely to leverage this capital to further optimize its meta-search technology, expand its merchant partnerships, and potentially explore new product verticals or geographical markets. Continued investment in data analytics and user experience will be crucial for maintaining its competitive edge and solidifying its leadership in the dynamic Southeast Asian e-commerce ecosystem. The company's focus on providing a comprehensive shopping experience suggests a strategy aimed at becoming the go-to destination for online consumers.
See full iPrice Group company page
