# New Retail International Pte

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/new-retail-international-pte

- Industry: Internet
- Headquarters: Singapore, Singapore
- Website: www.webuysg.com
- Total disclosed funding: $7.8M
- Latest round: Series B (Sep 2, 2022)
- Investors on record: 4

## About

New Retail International Pte Ltd operates as an online marketplace that connects consumers and sellers, streamlining the buying and selling process for a diverse range of products.Founded in 2018 in Singapore, New Retail International Pte Ltd focuses on enhancing online shopping experiences. The firm has successfully completed 3 deals, with the most recent being a Series B funding round on September 2, 2022, raising USD 0.70 mn from investors including Centauri Fund and Global Founders Capital. The company is led by co-founders Bin Xue, Emil Guberman, and Vincent Bin.Webuy specializes in a streamlined platform designed to facilitate the buying and selling of various products, enhancing the overall consumer experience. Its core offerings include an intuitive online marketplace that connects sellers with potential buyers. By leveraging advanced algorithms, the platform optimizes search results, allowing users to find relevant items quickly and efficiently. The service benefits individual consumers and small businesses looking to maximize their reach and sales potential, targeting tech-savvy demographics across North America and Europe.For the most recent year, 2023, New Retail International Pte Ltd reported revenues of USD 10.85 mn, alongside an EBITDA of USD -2.49 mn. Revenue is driven by a commission-based model where a percentage of each transaction is retained as revenue. Clients list their products for a nominal fee, benefiting from increased exposure and access to a wider audience.In September 2022, New Retail International Pte Ltd raised USD 700,000 in Series B funding, which will be utilized to enhance their platform and expand product offerings. The company plans to introduce new features to its marketplace in 2024 and is targeting expansion into Asian markets by the end of the year. This funding will support these initiatives, ensuring the company can effectively scale its operations.

## Funding rounds

- Series B, Sep 2, 2022, $0.7M — KB Investment, Wavemaker Partners, Global Founders Capital, Centauri Fund
- Series A, Sep 24, 2020, $7.1M — KB Investment, Wavemaker Partners, Global Founders Capital, Centauri Fund

## Investors

- KB Investment (https://capitalatlas.ai/funds/kb-investment) — Series A, Series B
- Wavemaker Partners (https://capitalatlas.ai/funds/wavemaker-partners) — Series A, Series B
- Global Founders Capital (https://capitalatlas.ai/funds/global-founders-capital) — Series A, Series B
- Centauri Fund — Series A, Series B