Giosis

company

About

Giosis, also known as Qoo10, is an online marketplace for Korean audiences.

  • 251 - 500

Details

Last Funding Type
Series A
Last Funding Money Raised
$82.10M
Industries
Brand Marketing,E-Commerce,Marketplace
Founded date
Apr 23, 2010
Number Of Employee
251 - 500
Operating Status
Active

Giosis, the company behind Qoo10, operates an e-marketplace offering sellers customisable sales strategies and buyers an extensive product portfolio. It is a joint venture established between eBay Inc. and Gmarket Inc. founder, Mr Ku Young Bae, in April 2010. Today, Giosis provides seven localised marketplaces, Qoo10, in five countries – China, Hong Kong, Japan, Indonesia, Malaysia and Singapore. It partners esteemed enterprises such as Mecox Lane and Yahoo to enable e-commerce of the best deals in almost every country.

Qoo10’s five markets transacted SGD278 million in 2012, almost doubling 2011's SGD150 million. In Singapore, its daily transactions are about 30,000, translating into monthly sales volume of SDG15 million and annual sales volume of SGD90 million in 2012.

As of January 2013, 960,000 Qoo10 mobile apps have been downloaded across the five Qoo10 e-marketplaces. Singapore contributed some 580,000 downloads. About 20 per cent of the overall sales come from mobile sales, and this number is expected to rise to 30 per cent within 2013.

As of March 2013, there are about 50,000 registered sellers on Qoo10 Singapore. About 150 sellers transact at least SGD10,000 every month. There are about 900,000 registered users on Qoo10 Singapore. More than 1,000 new users are registered on Qoo10 Singapore every day since January 2012.

Funding Rounds

Number of Funding Rounds
Total Funding Amount
1
$82.10M
Giosis has raised a total of $82.10M in funding over 2 rounds. Their latest funding was raised on Jul 23, 2015 from a Series A round.
Announced Date Round Money Raised Number of Investors Lead Investors Post Valuation
Jul 23, 2015 Series A $82.10M 2 Detail

Investors

Number of Lead Investors
Number of Investors
2
Giosis is funded by 2 investors. eBay and UVM 2 Venture Investments are the most recent investors.
Investor Name Lead Investor Funding Round
eBay Series A
UVM 2 Venture Investments Series A