About Almo Corporation
Almo Corporation is a company based in Philadelphia (United States) founded in 1946 was acquired by DCC in December 2021. It operates as a Reseller / Distribution. The company has 586 employees as of December 31, 2022. Almo Corporation offers products and services including Major Appliances, Consumer Electronics, Professional Audio/Video, Drone Solutions, and Premium Appliances.
- Headquarter Philadelphia, United States
- Employees 586 as on 31 Dec, 2022
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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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- Legal Name Almo Corporation
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Products & Services of Almo Corporation
Almo Corporation offers a comprehensive portfolio of products and services, including Major Appliances, Consumer Electronics, Professional Audio/Video, Drone Solutions, and Premium Appliances. 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.
Leading brand appliances are distributed to US retailers.
Digital lifestyle products are provided for modern consumers.
Professional AV products and services are offered widely.
Innovative drone technology and training are provided commercially.
Professional-grade appliances for indoor and outdoor use.
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Funding Insights of Almo Corporation
| 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 Almo Corporation
Almo Corporation has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include DCC. 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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International sales, marketing, and support services are provided globally.
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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 Almo Corporation
| 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 |
Financial Statements - Almo Corporation
| 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 |
Almo Corporation Comparisons
Competitors of Almo Corporation
| Company Name | Domain | Founded year | HQ Location | Description |
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| 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 Almo Corporation
When was Almo Corporation founded?
Almo Corporation was founded in 1946.
Where is Almo Corporation located?
Almo Corporation is headquartered in Philadelphia, United States. It is registered at Philadelphia, Pennsylvania, United States.
Who is the current CEO of Almo Corporation?
Warren Chaiken is the current CEO of Almo Corporation.
How many employees does Almo Corporation have?
As of Dec 31, 2022, the latest employee count at Almo Corporation is 586.
What does Almo Corporation do?
Almo Corporation is established as the largest independent distributor of appliances, consumer electronics, professional audiovideo equipment, drones, furniture, and housewares across the United States. Operations are supported by 9 regional distribution facilities encompassing over 2.5 million square feet of warehousing space. Retailers nationwide are served through a variety of market segments, with innovative business services designed to drive revenue and increase profits. Solutions for the hospitality sector, including FFE offerings and personalized services, are provided alongside commercial drone technology and expert training. Commitment to sustainability and responsible environmental stewardship is emphasized through renewable energy initiatives and sustainable business practices.
What products or services does Almo Corporation offer?
Almo Corporation offers Major Appliances, Consumer Electronics, Professional Audio/Video, Drone Solutions, and Premium Appliances.
Who are Almo Corporation's investors?
Almo Corporation has 1 investor. Key investors include DCC.