# oBike Asia Pte

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/obike-asia-pte

- Industry: Consumer Services
- Headquarters: Singapore, Singapore
- Website: www.o.bike
- Total disclosed funding: $45M
- Latest round: Series B (Aug 16, 2017)
- Investors on record: 2

## About

oBike Asia Pte Ltd. specializes in providing expert reviews and comprehensive guides for cyclists, enhancing their cycling experience through tailored advice and product evaluations.Founded in 2016 and headquartered in Singapore, oBike Asia Pte Ltd. operates as a specialist in cycling advice and gear evaluations. The company received significant investment in August 2017 when Grishin Robotics led a Series B round of USD 45 mn, backed by Grab Holdings Inc. The firm has completed only one deal to date, raising a total of USD 45 mn. The founder's prior history is not available.oBike focuses on delivering expert reviews, guides, and practical advice for cyclists, ensuring users can make informed decisions on bicycles and cycling gear. Their offerings are designed for cycling enthusiasts of all levels, with resources addressing bike selection, fitting, and comfort enhancement. The company aims to cater to a broad, global audience, providing insights relevant to cyclists regardless of their specific locations.In 2017, oBike reported a revenue of USD 661,684.30, alongside an EBITDA of USD -1,945,210.50, reflecting their financial performance during that period. Their revenue model is primarily based on affiliate marketing, earning commissions through product referrals, while maintaining free access for users seeking cycling-related information.Following the Series B financing in August 2017, oBike plans to leverage the USD 45 mn investment to expand its offerings and enhance its digital presence. The company aims to introduce new products designed specifically for various cyclist demographics, although specific release dates and product details have yet to be announced. Additionally, oBike is looking to enter new geographic markets, targeting regions with high cycling engagement, although specific markets have not been disclosed yet.

## Funding rounds

- Series B, Aug 16, 2017, $45M — Grishin Robotics, Grab Holdings Inc.

## Investors

- Grishin Robotics (https://capitalatlas.ai/funds/grishin-robotics) — Series B
- Grab Holdings Inc. — Series B