About 24Seven
24Seven is a company based in Lahore (Pakistan) founded in 2016.. 24Seven has raised $7.27 million across 3 funding rounds from investors including Quest Investment Advisors, Betatron Venture Group and SOSV. 24Seven operates in a competitive market with competitors including Krave Mart, GrocerApp, Airlift Express, Airlift Tech and Mandi Express, among others.
- Headquarter Lahore, Pakistan
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Sectors
Retail
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Phone
*********
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Website
*********
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Social
*********
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$7.27 M (USD)
in 3 rounds
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Latest Funding Round
$6 M (USD), Seed
Jul 01, 2022
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Investors
Quest Investment Advisors
& 6 more
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Employee Count
Employee Count
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Funding Insights of 24Seven
24Seven has successfully raised a total of $7.27M across 3 strategic funding rounds. The most recent funding activity was a Seed round of $6 million completed in July 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Seed — $6.0M
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First Round
First Round
(01 Jun 2020)
- Investors Count 7
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2022 | Amount | Seed - 24Seven | Valuation | SOSV | |
| Jun, 2022 | Amount | Seed - 24Seven | Valuation | Betatron Venture Group |
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| Jun, 2020 | Amount | Seed - 24Seven | Valuation | SOSV |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in 24Seven
24Seven has secured backing from 7 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Quest Investment Advisors, Betatron Venture Group and SOSV. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Sector-agnostic startup acceleration is provided by Betatron Venture Group.
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Founded Year | Domain | Location | |
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Venture capital and accelerator services are provided across multiple sectors.
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Founded Year | Domain | Location | |
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Investments are made in hardware, foodtech, insurtech, and consumer sectors.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by 24Seven
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - 24Seven
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
24Seven Comparisons
Competitors of 24Seven
24Seven operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Krave Mart, GrocerApp, Airlift Express, Airlift Tech and Mandi Express, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Online delivery store offering groceries and everyday essentials
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| domain | founded_year | HQ Location |
On-demand grocery delivery is facilitated via mobile applications.
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| domain | founded_year | HQ Location |
Multi-category grocery supplies are delivered through an online platform.
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| domain | founded_year | HQ Location |
Groceries and medicines are delivered through a mobile app.
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| domain | founded_year | HQ Location |
Fresh organic groceries are sourced, ordered, and delivered on demand.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about 24Seven
When was 24Seven founded?
24Seven was founded in 2016 and raised its 1st funding round 4 years after it was founded.
Where is 24Seven located?
24Seven is headquartered in Lahore, Pakistan. It is registered at Lahore, Punjab, Pakistan.
Is 24Seven a funded company?
24Seven is a funded company, having raised a total of $7.27M across 3 funding rounds to date. The company's 1st funding round was a Seed of $270K, raised on Jun 01, 2020.
What does 24Seven do?
24Seven was founded in 2016 and is based in Lahore, Pakistan. An online platform is operated in the e-commerce sector, focusing on grocery delivery. Products such as fruits and vegetables, meat and seafood, bakery items, snacks and beverages, household essentials, and toiletries are provided. Free shipping is available for orders exceeding a minimum amount, with same-day delivery offered to customers in the region.
Who are the top competitors of 24Seven?
24Seven's top competitors include Krave Mart, Airlift Express and GrocerApp.
Who are 24Seven's investors?
24Seven has 7 investors. Key investors include Quest Investment Advisors, Betatron Venture Group, SOSV, Newlin, and Verity Capital.