About Abes Market
Abes Market is a company based in Jerusalem (Israel) founded in 2009 was acquired by DirectEats in May 2016.. Abes Market has raised $18.4 million across 4 funding rounds from investors including OurCrowd, Accel and DirectEats.
- Headquarter Jerusalem, Israel
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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
$18.4 M (USD)
in 4 rounds
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Latest Funding Round
$10 M (USD), Series C
Feb 07, 2014
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Investors
OurCrowd
& 7 more
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Employee Count
Employee Count
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Acquired by
DirectEats
(May 17, 2016)
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Funding Insights of Abes Market
Abes Market has successfully raised a total of $18.4M across 4 strategic funding rounds. The most recent funding activity was a Series C round of $10 million completed in February 2014. 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 4
- Last Round Series C — $10.0M
- First Round First Round
- Investors Count 7
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2014 | Amount | Series C - Abes Market | Valuation | Mistral Equity Partners | |
| Jan, 2013 | Amount | Series B - Abes Market | Valuation | Viola Group | |
| Feb, 2011 | Amount | Series A - Abes Market | Valuation | Accel |
| 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 Abes Market
Abes Market has secured backing from 8 investors, including venture fund and institutional investors. Prominent investors backing the company include OurCrowd, Accel and DirectEats. 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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A diversified investment firm focused on private equity and venture capital.
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Founded Year | Domain | Location | |
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Private equity investments are directed toward US companies.
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Founded Year | Domain | Location | |
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Venture capital investments in technology startups and entrepreneurs.
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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.
|
Founded Year | Domain | Location |
Investments & Acquisitions by Abes Market
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
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.
|
2016 |
Financial Statements - Abes Market
| 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 |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Abes Market Comparisons
Competitors of Abes Market
| 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.
|
Frequently Asked Questions about Abes Market
When was Abes Market founded?
Abes Market was founded in 2009 and raised its 1st funding round 1 year after it was founded.
Where is Abes Market located?
Abes Market is headquartered in Jerusalem, Israel. It is registered at Jerusalem, Jerusalem District, Israel.
Is Abes Market a funded company?
Abes Market is a funded company, having raised a total of $18.4M across 4 funding rounds to date. The company's 1st funding round was a Series A of $3.4M, raised on Jun 21, 2010.
What does Abes Market do?
Abes Market is an online marketplace for natural and organic products. It is primarily operating in the US and provides a platform storefront for sellers to showcase their products along with marketing and logistics support. Product categories include babycare, Food, health, fashion, beauty products, home furnishing and accessories among others. Abes Market will use its 10M funding in Feb 2014 to invest in organic product businesses. It has been acquired by Direct Eats on May 17, 2016.
Who are Abes Market's investors?
Abes Market has 8 investors. Key investors include OurCrowd, Accel, DirectEats, Mistral Equity Partners, and Bearing Capital.