Daraz - About the company
Daraz is an acquired company based in Singapore (Singapore), founded in 2012 by Ahmed Khan, Rajeev Amatya and Jonathan Doerr. It operates as an App-based online marketplace for multi-category consumer products. Daraz has raised $56.3M in funding from British International Investment. The company has 129 active competitors, including 8 funded and 12 that have exited. Its top competitors include companies like Amazon, Showroomprive.com and Groupon.
Company Details
Daraz is an app-based online marketplace for multi-category consumer products. It connects sellers and buyers and facilitates the exchange of products via its app. The company offers products across categories like consumer electronics, household goods, beauty & health, fashion, groceries and more. Its app is available for Android and iOS platforms.
- Website
- daraz.com
- Email ID
- *****@daraz.com
- Registered Address
- SHENTON WAY Pincode : 68811
Key Metrics
Founded Year
2012
Location
Singapore, Singapore
Stage
Acquired
Total Funding
$56.3M in 1 round
Latest Funding Round
Investors
Ranked
3rd among 129 active competitors
Employee Count
1,001 - 5,000 as on Jul 01, 2024
Exit Details
Acquired by Alibaba Group (May 08, 2018)
Legal entities associated with Daraz
Daraz is associated with 1 legal entity given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
DARAZ SINGAPORE PRIVATE LIMITED CIN: 201735304M , Singapore, Deadpooled | Dec 06, 2017 | - | - |
Daraz's acquisition details
Daraz got acquired by Alibaba Group on May 08, 2018.
Click here to take a look at Daraz's acquisition in detail
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Daraz's funding and investors
Daraz has raised a total funding of $56.3M over 1 round. Its latest funding round was a Series B round on Sep 22, 2015 for $*****. 2 investors participated in its latest round. Daraz has 3 institutional investors.
Here is the list of recent funding rounds of Daraz:
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Sep 22, 2015 | 3845865 | Series B | 3541631 | 2993492 | 2057322 | 8702330 |
View details of Daraz's funding rounds and investors
Daraz's founders and board of directors
Founder? Claim ProfileThe founders of Daraz are Ahmed Khan, Rajeev Amatya and Jonathan Doerr. Nick O'Donohoe is the CEO of Daraz.
Here are the details of Daraz's key team members:
- Ahmed Khan: Co-Founder of Daraz and founder of 1 other company.
- Rajeev Amatya: Founder & MD of Daraz and founder of 1 other company.
- Jonathan Doerr: Former Co-Founder of Daraz.
- Nick O'Donohoe: CEO of Daraz.
View details of Daraz's Founder profiles and Board Members
Daraz's employee count trend
Daraz has 1,001 - 5,000 employees as of Jul 24. Here is Daraz's employee count trend over the years:
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Daraz's Competitors and alternates
Top competitors of Daraz include Amazon, Showroomprive.com and Groupon. Here is the list of Top 10 competitors of Daraz, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Amazon 1994, Seattle (United States), Public | Online marketplace offering multi-category products | $8M | 81/100 | |
2nd | Showroomprive.com 2006, Paris (France), Public | Online shopping platform for multi-category products | $80.9M | 73/100 | |
3rd | App-based online marketplace for multi-category consumer products | $56.3M | 59/100 | ||
4th | Groupon 2007, Chicago (United States), Public | Online marketplace offering deals on multi-category products and services | - | 60/100 | |
5th | Paytm Mall 2017, Bengaluru (India), Series E | App-based marketplace offering multi-category consumer products | $817M | 60/100 | |
6th | Online retailer of fashion and lifestyle products | - | - | 50/100 | |
7th | Online marketplace platform offering multi-category products | - | - | 50/100 | |
8th | Online retailer offering fashion and lifestyle products | $98.9M | 46/100 | ||
9th | Online retailer of multi-category products | - | - | 46/100 | |
10th | Pamono Acquired | Online marketplace for vintage and contemporary design objects | $8.86M | 45/100 |
Looking for more details on Daraz's competitors? Click here to see the top ones
Daraz's Investments and acquisitions
Daraz has made no investments or acquisitions yet.
Reports related to Daraz
Here is the latest report on Daraz's sector:
News related to Daraz
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Alibaba acquires Pakistan e-commerce site Daraz from Rocket InternetFashion Network•Aug 30, 2024•Alibaba Group, Rocket Internet, Daraz
•
Alibaba's South Asian e-commerce giant Daraz announces layoffs in memoThe Star Online•Feb 27, 2024•Daraz
•
Daraz founder steps down, Lazada’s James Dong to become acting CEOTech in Asia•Jan 24, 2024•Daraz, Daraz
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Daraz Pakistan Announces Million Dollar Creator Fund at Its First Influencer ConventionProPakistani•Oct 06, 2023•Daraz
•
Daraz and Meezan Bank Partner to Drive Electric Bike Adoption in PakistanPhoneworld•Sep 25, 2023•Meezan Bank, Daraz
•
Daraz Leads the Transition to Retail Media with the Rebranding of Daraz Marketing SolutionsProPakistani•Aug 09, 2023•Daraz
•
Daraz Pakistan Earns Three ISO Certifications, Highlighting Commitment to ExcellenceProPakistani•Jul 13, 2023•Daraz
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