About African Industries
African Industries is a company based in Lagos (Nigeria) founded in 1971.. African Industries has completed 1 acquisition, including World Class Romania. African Industries offers products and services including Steel Products and Mining Services.
- Headquarter Lagos, Nigeria
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Email
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Phone
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Website
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Social
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- Legal Name African Industries Group
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Annual Revenue
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Net Profit
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Latest Funding Round
- Investors
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Employee Count
Employee Count
- Investments & Acquisitions
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Products & Services of African Industries
African Industries offers a comprehensive portfolio of products and services, including Steel Products and Mining Services. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Steel products are manufactured and supplied for industrial applications
Mining services are provided for solid minerals extraction and related operations
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Software Development Team
18 people
Human Resources and Administration
15 people
Sales and Marketing
11 people
Finance and Accounting
9 people
Operations Team
9 people
Manager Team
8 people
Project Team
6 people
Head Team
6 people
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Funding Insights of African Industries
- Total Funding Total Funding
- Total Rounds 1
- Last Round Last Round
- First Round First Round
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Mar, 2010 | Amount | Private Equity Round - African Industries | Valuation | European Development Finance Institutions |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 African Industries
African Industries has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include European Development Finance Institutions. 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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Environmental development investments are managed by this government agency.
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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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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Venture capital is directed toward companies in multiple sectors.
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Investments & Acquisitions by African Industries
African Industries has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include World Class Romania. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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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 |
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A leading health and fitness network is operated in Romania.
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| Company Name | Description | Domain | Location | Founded Year | Amount |
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - African Industries
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 |
African Industries Comparisons
Competitors of African Industries
| Company Name | Domain | Founded year | HQ Location | Description |
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Multiple services are booked via an app-based platform.
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On-demand services are booked through an app-based platform.
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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 African Industries
When was African Industries founded?
African Industries was founded in 1971 and raised its 1st funding round 39 years after it was founded.
Where is African Industries located?
African Industries is headquartered in Lagos, Nigeria. It is registered at Lagos, Lagos State, Nigeria.
Who is the current CEO of African Industries?
Raj Gupta is the current CEO of African Industries.
What does African Industries do?
African Industries was founded in 1971 and is based in Lagos, Nigeria. Operations are focused on the manufacturing sector, where steel products, iron rods, chemicals, and glass items are produced. The company is led by Chairman and CEO Raj Gupta. Activities are centered in the industrial materials domain, serving regional markets from its primary location in West Africa.
What products or services does African Industries offer?
African Industries offers Steel Products and Mining Services.
How many acquisitions has African Industries made?
African Industries has made 1 acquisition, including World Class Romania.
Who are African Industries's investors?
African Industries has 1 investor. Key investors include European Development Finance Institutions.