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ZigBang company logo
Corporation
MOBILE & TELECOMMUNICATIONS | Mobile Software & Services / Real Estate
zigbang.com

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Founded Year

2010

Stage

Series D | Alive

Total Raised

$194.34M

Valuation

$0000 

Last Raised

$136.02M | 3 yrs ago

About ZigBang

ZigBang is a real estate listing platform that helps users to find apartments for rent in South Korea.

ZigBang Headquarter Location

SC First Bank Head Office Building, 7F 47, Jong-ro, Jongno-gu

Seoul, 03160,

South Korea

+82 1661-8734

Latest ZigBang News

Unicorns Expanding Business through M&A

Oct 26, 2021

Unicorns Expanding Business through M&A Share By Kim Eun-jin × South Korean unicorns such as Viva Republica, Zigbang, Yanolja and Musinsa are expanding their business by acquiring startups and subsidiaries of larger companies. For example, Viva Republica, which runs Toss, recently acquired Tada in order to expand its business beyond the financial industry and do business in the mobility sector. Tada taxis are expected to provide the easy payment service of Toss and this is likely to be a challenge on the part of Kakao, which is dominating the domestic taxi call service market. Toss became a unicorn three years ago and the recent deal is likely to turn it into a decacorn in the near future. Yanolja, in the meantime, is aggressively increasing its investment regardless of COVID-19. The Vision Fund of Softbank invested two trillion won in the company in July this year and the company acquired Interpark, the biggest online flight ticket reservation service provider in South Korea, for 294 billion won in September. Previously, Yanolja took over HotelNow in 2016, DailyHotel in 2019 and eZee Technosys as a hotel management company in 2019. Zigbang, which provides real estate brokerage services, acquired Movill in January this year. Movill was a subsidiary of KakaoPay providing apartment management services such as electronic voting and electronic payment. Last year, Zigbang took over Iood Ventures providing cleaning services and Hogangnono as a real estate market price provider. Musinsa acquired StyleShare and its subsidiary 29CM for 300 billion won this year. StyleShare covers a wide variety of fashion products, designer goods and luxury goods brands and most of its customers are in the age group of 15 to 25. 29CM provides unique goods from various designer brands and it targets female customers in their 30s and 40s. Zigbang is currently planning to acquire the home IoT business unit of Samsung SDS. It became the preferred bidder on Oct. 19 and is conducting four-week due diligence. Once the deal is signed, the first proptech startup in South Korea founded 10 years ago can knock on the door of the global smart home market. The company is planning to combine its IoT software capabilities with the hardware technology of the business unit. Toss launched Toss Payments last year by taking over the payment gateway arm of LG U+ in December 2019. As a result, the annual sales of Toss jumped from 54.8 billion won to 389.8 billion won from 2018 to 2020. POPULAR

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Research containing ZigBang

Get data-driven expert analysis from the CB Insights Intelligence Unit.

CB Insights Intelligence Analysts have mentioned ZigBang in 2 CB Insights research briefs, most recently on Sep 3, 2020.

Expert Collections containing ZigBang

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

ZigBang is included in 1 Expert Collection, including Real Estate Tech.

R

Real Estate Tech

2,258 items

Startups in the space cover the residential and commercial real estate space with a focus on consumers. Categories include buying, selling and investing in real estate (iBuyers, marketplaces, investment/crowdfunding platforms), and also tenant experience, property management, sm

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