Backpackr Inc.
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Backpackr Inc. - overview
Established
2012
Location
Seoul, -, South Korea
Primary Industry
Internet
About
Based in Seoul, South Korea, and founded in 2012, Backpackr Inc. operates an online shopping mall known as 'idus', where individual designers and artists are able to sell handmade products such as food, clothing, and various trinkets. The company also operates the crowdsourcing platform 'tumblbug. ' In December 2022, Backpackr Inc.
raised KRW 2O billion in series C funding from new investors Axiom Asia Private Capital and Venderbilt University, with participation from returning investors Altos Ventures and Stonebridge Ventures. The company generated revenue of KRW 54. 4 billion in 2021. Backpackr Inc.
will use the December funding to advance into overseas markets such as Southeast Asia, Japan, and the US, and upgrade the services of its 'idus' and 'tumblbug' platforms.
Current Investors
Primer, Altos Ventures, IMM Investment
Primary Industry
Internet
Sub Industries
Accessories, Clothing, Food, Web Applications
Website
www.backpac.kr
Verticals
E-commerce, Mobile Apps
Total Amount Raised
Subscriber access only
Backpackr Inc. - financials
| Fiscal Year Ended | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 | Dec 31, 2025 |
|---|---|---|---|---|---|---|---|
| Revenue (USD) | 22,772,226,232 | 41,605,954,887 | 54,446,926,909 | 54,726,805,949 | - | - | - |
| % Revenue Growth (YoY) | - | 82.7% | 30.9% | 0.5% | - | - | - |
| EBITDA (USD) | (3,086,468,513) | (5,133,163,878) | (23,696,367,724) | (7,904,434,765) | - | - | - |
| Operating Income (USD) | (3,532,813,024) | (5,819,120,912) | (25,224,405,915) | (10,809,181,550) | - | - | - |
| Operating Margin | (15.5%) | (14.0%) | (46.3%) | (19.8%) | - | - | - |
| % EBITDA Margin | (13.6%) | (12.3%) | (43.5%) | (14.4%) | - | - | - |
| NET Income (USD) | (3,753,873,274) | (5,921,990,715) | (24,812,187,960) | (10,524,132,053) | - | - | - |
| % Net Margin | (16.5%) | (14.2%) | (45.6%) | (19.2%) | - | - | - |
Backpackr Inc. - 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) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on | Completed | TenByTen Inc. | - |
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