# RedMart

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

- Industry: Retail
- Headquarters: Singapore, Singapore
- Website: https://redmart.lazada.sg
- Total disclosed funding: $24M
- Latest round: Series B (Jul 15, 2014)
- Investors on record: 6

## About

Based in Singapore, RedMart Ltd specializes in online grocery and household item sales, providing convenient solutions for consumers seeking efficient shopping experiences.RedMart Ltd is an online grocery platform headquartered in Singapore. Founded in 2011, the company focuses on delivering groceries and household essentials. In November 2016, RedMart was acquired by Lazada Group, which is backed by Alibaba Group and other prominent investors. The company has successfully completed 9 funding deals, with the most recent round in November 2016, raising USD 26.70 mn from investors including Far East Capital and Sea Limited.RedMart Ltd specializes in a diverse range of products and services catering to the e-commerce sector, focusing on convenience and efficiency. The core offerings include a vast selection of groceries, household items, and personal care products tailored to address modern consumers' accessibility challenges. The platform primarily serves urban consumers in Singapore, Malaysia, and Thailand, providing an extensive inventory for everyday needs and special occasions, coupled with prompt delivery services.For the most recent year, 2023, RedMart Ltd reported a revenue of USD 292.08 mn, with an EBITDA of USD -19.58 mn.RedMart Ltd plans to leverage its recent funding to enhance its online platform and expand its inventory of grocery and household products. The company is also targeting geographic expansion into additional Southeast Asian markets by 2025. The recent acquisition by Lazada Group is expected to provide strategic support for these initiatives, driving further development and market reach.

## Funding rounds

- Series B, Jul 15, 2014, $23M — SBVA, Sea Limited, Visionnaire Ventures
- Seed, Mar 29, 2013 — SBVA, East Ventures, Sea Limited, Openspace Capital
- Seed, Dec 18, 2012, $1.3M — Golden Gate Ventures

## Investors

- Golden Gate Ventures (https://capitalatlas.ai/funds/golden-gate-ventures) — Seed
- SBVA (https://capitalatlas.ai/funds/sbva) — Seed, Series B
- East Ventures (https://capitalatlas.ai/funds/east-ventures) — Seed
- Sea Limited — Seed, Series B
- Openspace Capital (https://capitalatlas.ai/funds/openspace-capital) — Seed
- Visionnaire Ventures (https://capitalatlas.ai/funds/visionnaire-ventures) — Series B