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§ Private Profile · Singapore, Central Region, Singapore
E-commerce platform operating Qoo10, an online marketplace for consumers in Asia, offering diverse products and secure shopping.
Founded in 2010 as a joint venture between entrepreneur Ku Young Bae and eBay, Central Region, Singapore-based Giosis operates Qoo10, an e-commerce platform offering localized online marketplaces and customizable sales strategies across Asia. The digital e-commerce platform targets online consumers across Singapore, Japan, Indonesia, Malaysia, Hong Kong, and China, successfully growing to support 17,600,000 registered users by 2015. By utilizing a marketplace business model that generates revenue through transaction commissions, the company reached a total gross merchandise volume of $408 million during 2014. Giosis has successfully raised $82,100,000 in total venture funding from a syndicate of prominent institutional investors, including eBay, Singapore Press Holdings, Oak Investment Partners, Brookside Capital, and Saban Capital Group. In April 2018, eBay officially acquired the company's localized Japanese operations while relinquishing its equity stakes in the remaining non-Japanese regional businesses.
Giosis has raised $82.1M across 1 funding round.
Giosis has raised $82.1M in total across 1 funding round.
Giosis has raised $82.1M across 1 funding round. Most recently, it raised $82.1M Series A in July 2015.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Jul 23, 2015 | $82.1M Series A | Alan Chan Heng Loon | Brookside Capital, EBay, OAK Investment Partners, Saban Capital Group, UVM 2 Venture Investments | Announced |
Giosis has raised $82.1M in total across 1 funding round.
Giosis's investors include Alan Chan Heng Loon, Brookside Capital, eBay, Oak Investment Partners, Saban Capital Group, UVM 2 Venture Investments.