LummoSHOP - About the company
LummoSHOP is a series C company based in Jakarta (Indonesia), founded in 2019 by Krishnan Menon and Lorenzo Peracchione. It operates as a Provider of storefront solution for online businesses. LummoSHOP has raised $149M in funding from investors like Peak XV Partners, Surge and Tiger Global Management. The company has 2837 active competitors, including 287 funded and 194 that have exited. Its top competitors include companies like Shopify, Squarespace and Weebly.
Company Details
Provider of storefront solutions for online businesses. It offers an online store application for online businesses to target online customers. Its features include an order management system, payment, product management, marketing, and more. The company offers mobile applications for Android and iOS platforms.
- Website
- lummoshop.co.id
- Email ID
- *****@lummoshop.com
- Phone Number
- +62 **********
Key Metrics
Founded Year
2019
Location
Jakarta, Indonesia
Stage
Series C
Total Funding
$149M in 5 rounds
Latest Funding Round
Investors
Ranked
34th among 2837 active competitors
Employee Count
390 as on Jul 01, 2024
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LummoSHOP's funding and investors
LummoSHOP has raised a total funding of $149M over 5 rounds. Its first funding round was on Apr 30, 2020. Its latest funding round was a Series C round on Jan 19, 2022 for $*****. 8 investors participated in its latest round. LummoSHOP has 27 institutional investors and 7 angel investors.
Here is the list of recent funding rounds of LummoSHOP:
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Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Jan 19, 2022 | 7750007 | Series C | 8560225 | 3361206 | 3813663 | 6126825 |
May 18, 2021 | 7843950 | Series B | 2930850 | 8929184 | 3939889 | 5962321 |
Jan 11, 2021 | 6681453 | Series A | 7291719 | 2139068 |
View details of LummoSHOP's funding rounds and investors
LummoSHOP's founders and board of directors
Founder? Claim ProfileThe founders of LummoSHOP are Krishnan Menon and Lorenzo Peracchione. Krishnan Menon is the CEO of LummoSHOP.
Here are the details of LummoSHOP's key team members:
- Krishnan Menon: Co-Founder & CEO of LummoSHOP and founder of 2 other companies, BukuKas and Fabelio. They are also an angel investor in 7 startups.Contact Info: 1 email address
- Lorenzo Peracchione: Co-Founder of LummoSHOP and founder of 1 other company. Contact Info: 1 email address
View details of LummoSHOP's Founder profiles and Board Members
LummoSHOP's employee count trend
LummoSHOP has 390 employees as of Jul 24. Here is LummoSHOP's employee count trend over the years:
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LummoSHOP's Competitors and alternates
Top competitors of LummoSHOP include Shopify, Squarespace and Weebly. Here is the list of Top 10 competitors of LummoSHOP, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Provider of an all-in-one commerce platform for businesses of all sizes | $122M | 88/100 | ||
2nd | Squarespace 2003, United States, Acquired | Provider of tools for website creation, hosting, and online business | $591M | 83/100 | |
3rd | Weebly 2007, San Francisco (United States), Acquired | Provider of tools for website creation, e-commerce, and marketing | $39.8M | 78/100 | |
4th | Pattern Com 2009, London (United Kingdom), Public | Provider of ecommerce services including marketplace growth, fulfillment, and software | $277M | 73/100 | |
5th | Platform powering online and in-store retail operations using AI-driven tools | $16M | 72/100 | ||
6th | AnyMind Group 2016, Minato (Japan), Public | Provider of e-commerce, marketing, and manufacturing platforms | $91.7M | 72/100 | |
7th | CommerceIQ 2012, Mountain View (United States), Series D | Provider of unified AI platform for retail ecommerce sales and optimization | $196M | 71/100 | |
8th | WooCommerce 2008, Cape Town (South Africa), Acquired | Developer of an open-source platform for customizable ecommerce solutions | - | 69/100 | |
9th | Nuvemshop (also known as Tiendanube in Spanish-speaking countries) is a SaaS-based e-commerce platform provider for businesses of all sizes across Latin America | $632M | 69/100 | ||
10th | Cart.com 2020, Houston (United States), Series D | Provider of unified commerce and logistics solutions for business growth | $735M | 69/100 | |
34th | Provider of storefront solution for online businesses | $149M | 63/100 |
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LummoSHOP's Investments and acquisitions
LummoSHOP has made no investments or acquisitions yet.
Reports related to LummoSHOP
Here is the latest report on LummoSHOP's sector:
News related to LummoSHOP
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Google-backed Indonesian Shopify-like Lummo raises $80 million in funding roundPageOne•Aug 21, 2023•LummoSHOP, Tiger Global Management, Sequoia Capital, BukuKas and 1 other
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Indonesian social job platform Atma raises $5M in oversubscribed pre- seed round led by AC VenturesTechNode•May 09, 2022•Atma, AC Ventures, Global Founders Capital, Advance Intelligence Group and 9 others
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Lokal a hyperlocal social media platform appoints John Mathew as Vice President, ProductAsian News International•Mar 02, 2022•LummoSHOP, Lokal
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Amazon founder Jeff Bezos invests in SaaS startup LummoYourStory•Feb 16, 2022•, Tiger Global Management, Bezos Expeditions, Sequoia Capital and 1 other
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Lummo secures $80M in Series C round from Tiger Global, Sequoia Capital IndiaYourStory•Jan 19, 2022•LummoSHOP, Sequoia Capital, Tiger Global Management, CapitalG and 3 others
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