About 99 Cents Only Stores
99 Cents Only Stores is a company based in Los Angeles (United States) founded in 1982 was acquired by Ares Management in January 2012.. 99 Cents Only Stores has raised $140.11 million across 1 funding round from investors including Ares Management and CPP Investments. The company has 262 employees as of December 31, 2024.
- Headquarter Los Angeles, United States
- Employees 262 as on 31 Dec, 2024
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Sectors
Retail
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
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Annual Revenue
$2.06 B3as on Jan 31, 2017
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Net Profit
$-118.16 M52as on Jan 31, 2017
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EBITDA
$-53.1 M65as on Jan 31, 2017
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Total Equity Funding
$140.11 M (USD)
in 1 rounds
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Latest Funding Round
$140.11 M (USD), Series D
Dec 14, 2017
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Investors
Ares Management
& 1 more
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Employee Count
262
as on Dec 31, 2024
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Acquired by
Ares Management
(Jan 12, 2012)
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Funding Insights of 99 Cents Only Stores
99 Cents Only Stores has successfully raised a total of $140.11M through 1 strategic funding round. The most recent funding activity was a Series D round of $140.11 million completed in December 2017. 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 1
- Last Round Series D — $140.1M
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First Round
First Round
(14 Dec 2017)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2017 | Amount | Series D - 99 Cents Only Stores | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| 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 99 Cents Only Stores
99 Cents Only Stores has secured backing from 2 investors, including institutional and venture fund investors. Prominent investors backing the company include Ares Management and CPP Investments. 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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Alternative asset investment management firm
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Founded Year | Domain | Location | |
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Pension fund assets are managed for sustainable long-term growth.
|
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
|
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.
|
Founded Year | Domain | Location |
Investments & Acquisitions by 99 Cents Only Stores
| 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.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
Financial Statements - 99 Cents Only Stores
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
99 Cents Only Stores Comparisons
Competitors of 99 Cents Only Stores
| 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
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Frequently Asked Questions about 99 Cents Only Stores
When was 99 Cents Only Stores founded?
99 Cents Only Stores was founded in 1982 and raised its 1st funding round 35 years after it was founded.
Where is 99 Cents Only Stores located?
99 Cents Only Stores is headquartered in Los Angeles, United States. It is registered at Los Angeles, California, United States.
Is 99 Cents Only Stores a funded company?
99 Cents Only Stores is a funded company, having raised a total of $140.11M across 1 funding round to date. The company's 1st funding round was a Series D of $140.11M, raised on Dec 14, 2017.
How many employees does 99 Cents Only Stores have?
As of Dec 31, 2024, the latest employee count at 99 Cents Only Stores is 262.
What is the annual revenue of 99 Cents Only Stores?
Annual revenue of 99 Cents Only Stores is $2.06B as on Jan 31, 2017.
What does 99 Cents Only Stores do?
99 Cents Only Stores is an operator of retail stores. The stores were founded by David Gold in 1969. They specialize in consumables and provide household products, seasonal products, frozen and refrigerated food products, and other domestic supplies. All the products they offer are at 99 or less. They operate 391 stores as of January 2016. They have the highest presence in California with 283 stores. They also operate across Texas, Arizona, and Nevada in the US. They deal with the wholesaling of merchandise, under the Bargain Wholesale brand name, to retailers, distributors, and exporters. Ares Management acquired the company in 2012 for 1.3 billion.
Who are 99 Cents Only Stores's investors?
99 Cents Only Stores has 2 investors. Key investors include Ares Management, and CPP Investments.
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