Novelship - About the company
Novelship is a series B company based in Singapore (Singapore), founded in 2017 by Yuyu Xue and Richard Xia. It operates as an Online marketplace platform offering multi-category fashion products. Novelship has raised $21.6M in funding from investors like East Ventures, Global Founders Capital and GSR Ventures. The company has 128 active competitors, including 2 funded and 12 that have exited. Its top competitors include companies like Flipkart, Amazon and eBay.
Company Details
Online marketplace platform offering multi-category fashion products. The product catalog includes footwear, clothing, handbags, caps, gloves, jewelry, belts, and more. Its mobile application is available on Android and iOS platforms.
- Website
- novelship.com
- Social
- Email ID
- *****@novelship.com
- Registered Address
- GAMBAS CRESCENT, Singapore, 757044
Key Metrics
Founded Year
2017
Location
Singapore, Singapore
Stage
Series B
Total Funding
$21.6M in 4 rounds
Latest Funding Round
Investors
Ranked
8th among 128 active competitors
Employee Count
33 as on Sep 30, 2026
Legal entities associated with Novelship
Novelship is associated with 1 legal entity given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Reports |
|---|---|---|---|---|
NOVELSHIP PTE. LTD. UEN: 201630913R , Singapore, Active | Nov 10, 2016 | - | - |
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Novelship's funding and investors
Novelship has raised a total funding of $21.6M over 4 rounds. Its first funding round was on Aug 27, 2019. Its latest funding round was a Series B round on Sep 14, 2023 for $*****. 3 investors participated in its latest round. Novelship has 7 institutional investors and 2 angel investors.
Here is the list of recent funding rounds of Novelship:
Filter this list
Filter this listDate of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Sep 14, 2023 | 3735072 | Series B | 6916666 | 1917694 | 4242041 | 4764187 |
May 25, 2022 | 8474524 | Series A | 2648539 | 7706604 | 9796919 | |
Apr 2020 | 4506234 | Seed | 3900385 | 9057699 | 9014270 | 9389238 |
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Novelship's founders and board of directors
Founder? Claim ProfileHere are the details of Novelship's key team members:
- Yuyu Xue: Co-Founder of Novelship. They serve on the board of 1 company.
- Richard Xia: Co-Founder & CEO of Novelship.
Novelship's Board of Directors
Novelship's board has 3 active members. Yuyu Xue and Xia Yang are part of team and Liang Yinwei is independent board member.Here is the list of Novelship's board of directors:
Name | Type | Representing | Status | Duration |
|---|---|---|---|---|
Team | - | Current | 9y 10m | |
syjjwnr | Team | - | Past | 5y 8m |
us{tcqn | Team | - | Current | 9y 8m |
Independent board member | - | Current | 1y 0m | |
svftxwo | Independent board member | - | Past | 2y 8m |
View details of Novelship's Founder profiles and Board Members
Novelship's employee count trend
Novelship has 33 employees as of Sep 26. Here is Novelship's employee count trend over the years:
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Novelship's Competitors and alternates
Top competitors of Novelship include Flipkart, Amazon and eBay. Here is the list of Top 10 competitors of Novelship, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Online retailer of various products including electronics, fashion, and groceries | $12.1B | 89/100 | ||
2nd |  Amazon 1994, Seattle (United States), Public | Online marketplace and cloud computing provider | $8M | 85/100 | |
3rd | eBay 1995, San Jose (United States), Public | Online retailer of electronics, cars, fashion, collectibles, sports, and more | - | 79/100 | |
4th | Online fashion retailer offering a wide range of products for men and women | $3.19B | 74/100 | ||
5th | Recharge.com 2012, Nijmegen (Netherlands), Acquired | Online retailer of mobile top-ups, gift cards, and payment cards | $60.3M | 68/100 | |
6th | Online marketplace offering multi-category consumer products | $102M | 64/100 | ||
7th | Coupang 2010, Seattle (United States), Public | E-commerce platform delivering a wide range of products and services | - | 62/100 | |
8th | Online marketplace platform offering multi-category fashion products | $21.6M | 55/100 | ||
9th | Internet first brand offering multi category fashion products for women | $79M | 56/100 | ||
10th | Online retailer offering multi-category consumer products | $20M | 49/100 |
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Novelship's Investments and acquisitions
Novelship has made no investments or acquisitions yet.
Reports related to Novelship
Here is the latest report on Novelship's sector:
News related to Novelship
•
Novelship bags $9.5m to boost presence across SEATech in Asia•Sep 14, 2023•Novelship, East Ventures, IGlobe Partners, GSR Ventures
•
East Ventures Leads Novelship Series B Funding Worth 146 Billion RupiahDailysocial•Sep 14, 2023•East Ventures, Novelship, IGlobe Partners, GSR Ventures
•
Snoop Dogg named strategic advisor for SG-based sneaker marketplace NovelshipMARKETING-INTERACTIVE•Jun 30, 2023•Novelship, Snoop Dogg
•
•
Sneaker marketplace Novelship bags US$10 million in Series AThe Business Times•May 25, 2022•Novelship, GSR Ventures, East Ventures, IGlobe Partners and 1 other
•
Singapore sneaker trading platform "Novelship" wins institutional seed round follow-up vote36Kr•Aug 18, 2020•Novelship, Global Founders Capital
•
Singapore-based streetwear marketplace banks $2m in Global Founders-led roundTech in Asia•Aug 26, 2019•Novelship, Global Founders Capital
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