Oddup
| Company type | Private |
|---|---|
| Industry | Analytics, Research |
| Founded | January 2015 |
| Founder | James Giancotti, Jackie Lam |
| Headquarters | Hong Kong , Hong Kong |
Area served | Asia, United States, India, Singapore, Australia |
| Products | Startup ratings, market insights, valuation metrics |
Oddup is an analytics-driven research platform offering in-depth insights into startups, their market trends, and valuation metrics. Marketed as The Startup Rating System, Oddup seeks to revolutionize the equity research landscape for private enterprises.
History
Established in January 2015 by James Giancotti and Jackie Lam, Oddup’s main office is located in Hong Kong, with satellite branches across the United States, India, Singapore, and Australia. The team comprises former venture capital professionals, quantitative analysts, traders, investment bankers, and research experts from top-tier global firms.
Oddup officially launched its rating platform in March 2015, providing scores and expert recommendations on startups and investors throughout Asia. Impressively, nearly 99% of startups receiving a "Buy" rating have successfully attracted investor capital within a three-month timeframe.
Since its inception, Oddup has expanded its user base to exceed 50,000 individuals, maintaining a consistent monthly growth rate of 20%.
Oddup score and ratings
The Oddup score is derived from a proprietary algorithm that evaluates critical elements involved in investment due diligence, including quality, growth potential, geographic location, investor background, market conditions, regulatory environment, valuations, and expected returns. This scoring system allows users to benchmark companies against their industry counterparts while assessing competitive and market dynamics. It combines algorithmic computations with analyst expertise to generate a thorough rating.
Startup evaluations are communicated through Buy, Hold, or Sell recommendations akin to sell-side equity research, incorporating projected performance indicators and future valuation estimates.
Track record
Oddup’s analysts accurately forecasted that WeLab would become Hong Kong’s first unicorn, a prediction validated when the Chinese P2P lending platform raised US$160 million during its Series B round in January 2016. Similarly, Oddup correctly rated Pie—a Singapore-based workplace chat application—prior to its acquisition by Google in February 2016.
In January 2017, Malaysian mobile classifieds startup Duriana received a Buy rating from Oddup before being acquired by Singapore's Carousell (company). Furthermore, Hong Kong logistics firm Lalamove (formerly EasyVan) secured US$30 million in Series B funding in January 2017 following a Buy rating issued by Oddup in September 2016.
Funding
In 2015, Oddup obtained US$1 million in seed capital from investors including Click Ventures, Cerebrum Ventures, Kima Ventures, and notable angel backers. Later in 2017, it completed a Series A funding round totaling US$6 million led by Times Internet, White Capital, and Moneta Ventures with contributions from 500 Startups.