# GETCHA

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/getcha

- Industry: Software
- Headquarters: Seoul, South Korea
- Website: www.getcha.kr
- Total disclosed funding: $6.7M
- Latest round: Series A (Oct 12, 2021)
- Investors on record: 7

## About

Based in South Korea, GETCHA develops a platform aimed at revolutionizing the car buying process, particularly for new vehicles. The company enhances user experience by providing price comparisons and quotes without requiring dealership visits.Founded in 2015 in Seoul, South Korea, GETCHA operates a platform that simplifies the car purchasing process. The company has successfully raised KRW 3.5 billion across five funding rounds, with its most recent deal occurring in November 2023. Investors in this round included Company K Partners, Korea Investment Partners, and The Wells Investment. The founder's previous ventures are not listed, and there are no mentions of the company being a subsidiary or undergoing any significant pivots in its business strategy. GETCHA offers a comprehensive platform designed to streamline the car buying process, notably focusing on new car purchases. The core product facilitates users in comparing car prices and obtaining quotes without the need for extensive in-person visits to dealerships. This application serves both individual consumers looking to purchase vehicles and automotive dealers aiming to connect with potential buyers. Since its launch, GETCHA has positioned itself primarily in the South Korean market, catering to tech-savvy consumers who prefer convenience and transparency in car buying. The app addresses pain points associated with traditional methods of vehicle acquisition, such as time consumption and lack of price clarity, thereby enhancing the overall purchasing experience.The revenue structure of GETCHA is primarily driven by transaction fees generated from successful car purchases facilitated through its platform. Clients, which include both vehicle buyers and dealerships, engage in transactions where the app aggregates quotes from multiple sources, allowing consumers to make informed decisions. While specific pricing plans for services are not disclosed, it can be inferred that the company may operate on a commission basis for each transaction completed through its services. This model positions GETCHA as a direct-to-consumer service, enhancing its appeal to individual buyers while simultaneously providing value to dealerships by connecting them with potential customers. The company’s focus on optimizing the car purchasing process serves as a unique selling proposition in a competitive automotive market.In November 2023, GETCHA raised KRW 3.5 billion in venture funding from new investor The Wells Investment, with returning investors Company K Partners and Korea Investment Partners also participating. The company will use this funding to strengthen its fintech business, indicating plans for product enhancements and new features aimed at improving user experience. Additionally, GETCHA may explore opportunities to expand its services into new geographic markets, although specific regions and timelines have not been disclosed.

## Funding rounds

- Series A, Oct 12, 2021, $6.7M — SK Energy Co., Ltd., Korea Investment Partners, Company K Partners, TBT Partners, Central Corporation
- Seed, Mar 1, 2019 — Kakao Ventures, Korea Tech Incubator for Startup

## Investors

- Kakao Ventures (https://capitalatlas.ai/funds/kakao-ventures) — Seed
- Korea Tech Incubator for Startup — Seed
- SK Energy Co., Ltd. — Series A
- Korea Investment Partners (https://capitalatlas.ai/funds/korea-investment-partners) — Series A
- Company K Partners (https://capitalatlas.ai/funds/company-k-partners) — Series A
- TBT Partners (https://capitalatlas.ai/funds/tbt-partners) — Series A
- Central Corporation — Series A