Eleven Street Co.,Ltd.
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Eleven Street Co.,Ltd. - overview
Established
2018
Location
Seoul, -, South Korea
Primary Industry
Internet
About
Eleven Street Co. ,Ltd. is a South Korean e-commerce platform that facilitates a diverse array of online transactions for consumers, connecting them with various merchants across multiple product categories. Founded in 2018 and headquartered in Seoul, South Korea, Eleven Street Co.
,Ltd. operates an e-commerce platform that enables online shopping across different sectors. The company has raised a total of KRW 500,000. 00 mn through multiple funding rounds.
The most recent funding round was a BUYOUT led by Aeneas Private Equity in November 2021, which involved the acquisition of 8. 22 million shares from SK Telecom. Jungeun Ahn is the current CEO of Eleven Street Co. ,Ltd.
11번가 is primarily engaged in the e-commerce sector, offering a comprehensive platform for various product categories, including electronics, home goods, fashion, and personal care items. The company's core service revolves around facilitating online transactions between consumers and a diverse range of merchants, which includes both established brands and local businesses. Customers utilize the platform to discover and purchase products directly, benefiting from features such as promotions and loyalty rewards. The company operates within South Korea, catering to a vast customer base that spans urban and suburban regions, emphasizing convenience and a user-friendly shopping experience.
Additionally, 11번가 supports mobile app integration, allowing users to scan QR codes for easy access to promotions and downloads, further enhancing user engagement and accessibility. For the year 2023, Eleven Street Co. ,Ltd. reported a revenue of KRW 662,960,209.
4 and an EBITDA of KRW -69,335,223. 4. In the coming years, Eleven Street Co. ,Ltd.
is focused on launching new products and enhancing its platform capabilities. Recent funding will be directed towards expanding into new markets beyond South Korea, with targeted efforts aimed at reaching other Asian regions by 2024. The company is committed to improving its offerings and customer engagement through innovative features and strategic partnerships.
Current Investors
H&Q Asia Pacific, Aeneas Private Equity, SK Telecom
Primary Industry
Internet
Sub Industries
Consumer Products, Internet
Website
www.11st.co.kr
Verticals
E-commerce, Mobile Apps
Company Stage
Mature - Buyout
Total Amount Raised
Subscriber access only
Eleven Street Co.,Ltd. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| LP Direct, Trade Sale | Completed | Eleven Street Co.,Ltd. | - | ||||||||
| Buyout | Completed | Eleven Street Co.,Ltd. | - | ||||||||
| LP Direct | Completed | Eleven Street Co.,Ltd. | - |
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