What is iPrice Group?
iPrice Group operates as Southeast Asia's premier Meta-Search platform, effectively bridging consumers with a vast network of e-commerce merchants. Since its inception in October 2014, the company has demonstrated rapid expansion across seven key markets: Malaysia, Indonesia, Singapore, Vietnam, Thailand, Philippines, and Hong Kong. iPrice's business model encompasses three core verticals: price comparison for electronics and health & beauty products, product discovery services for fashion and home & living categories, and a comprehensive coupon aggregation service across all its operational verticals. This multi-faceted approach positions iPrice as a central hub for online shopping 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 Starstrike Ventures, Venturra, 500.com, and Asia Venture Group
Series A (2016): $4M supported by Venturra, Gobi Partners, and Asia Venture Group
Series B (2020): $10M featuring Mirae Asset-Naver Asia Growth Fund, Daiwa PI Partners Co. Ltd., LINE Ventures, and ACA Investments Pte Ltd
Corporate Investment (2021): $1.5M backed by Woowa Brothers
Key Investors in iPrice Group
Woowa Brothers
Woowa Brothers is a company focused on enhancing user experiences through various services, aiming to create enjoyable and sustainable operations. They provide innovative solutions for individuals and businesses.
Asia Venture Group
Asia Venture Group specializes in innovative solutions and services, enhancing user experience through data analysis and website optimization. They focus on improving clients' online presence and user engagement.
Venturra
Venturra is a venture capital firm based in Southeast Asia that invests in early-stage technology companies. They support ambitious businesses aiming to redefine industries and provide insights into the regional digital ecosystem.
What's next for iPrice Group?
With its recent major strategic investment, iPrice Group is poised for accelerated growth and enhanced market penetration. The company's focus on expanding its price comparison, product discovery, and coupon services across its existing seven markets, and potentially new territories, will likely be a key strategic priority. Further development of its technology infrastructure to support an increasing number of e-commerce partners and a growing consumer base is also anticipated. This latest round of financing signals strong investor confidence in iPrice's business model and its capacity to capture a larger share of the burgeoning Southeast Asian digital commerce market.
See full iPrice Group company page
