Transocean Resources Management, Inc.

Transocean Resources Management, Inc. operates as a comprehensive online retail platform, delivering authentic Asian products, including groceries and lifestyle goods, primarily catering to the US market. Founded in 2013 in Brea, US, Transocean Resources Management, Inc. specializes in the online retail of Asian goods.

The company was established by Jasdeep Jethani and Maxime Loengten. In March 2022, the company raised USD 50 mn in SERIES B funding from investors including Altos Ventures, Balsam Bay Partners, J. P. Morgan Asset Management, and GGV Capital.

The latest funding represents the total amount raised by the company, which is USD 50 mn through two different deals. Yami serves as a comprehensive online retail platform focusing on delivering a wide range of Asian goods, especially from Japan, Korea, and the Greater China region. Their offerings include snacks, groceries, beverages, beauty products, electronics, and household items, targeting consumers who seek authentic Asian flavors. The company caters to Asian expatriates and food enthusiasts, primarily operating within the United States to meet the increasing demand for Asian products.

Transocean Resources Management, Inc. generates revenue through direct-to-consumer sales on their online platform, allowing customers to purchase a variety of products easily. The pricing structure is competitive, catering to a diverse consumer base. The company also provides subscription services for regular product deliveries, enhancing customer retention.

By focusing on flagship products and trending items, Yami supports a robust transaction framework for both individual purchases and subscriptions. Following the recent SERIES B funding round completed in March 2022, Transocean Resources Management, Inc. plans to utilize the USD 50 mn to enhance delivery times, expand product offerings, improve vendor support, and invest in technology. The company aims to further penetrate the US market while exploring potential expansions into new geographic regions.

Upcoming product designs are also in the pipeline, though specific release dates have yet to be announced.