About Armit Wines
Armit Wines is a company based in London (United Kingdom) founded in 1988 by John Armit was acquired by Baarsma Wines in October 2008.. The company has 35 employees as of September 30, 2021. Armit Wines offers products and services including Wine Sales Platform, Wine Broking Service, En Primeur Offerings, Wine Storage, and Wine Delivery. Armit Wines operates in a competitive market with competitors including Naked Wines, Virgin Wines, Craft Gin Club, Drop and Winebuyers, among others.
- Headquarter London, United Kingdom
- Employees 35 as on 30 Sep, 2021
- Founders John Armit
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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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- Legal Name Armit Wines Limited
- Date of Incorporation 27 Jan, 1982
- Jurisdiction LONDON, UNITED KINGDOM
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Annual Revenue
$30.07 M (USD)-12as on Sep 30, 2021
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Net Profit
$1.81 M (USD)311as on Sep 30, 2021
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EBITDA
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Latest Funding Round
- Investors
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Employee Count
35
as on Sep 30, 2021
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Acquired by
Baarsma Wines
(Oct 02, 2008)
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Products & Services of Armit Wines
Armit Wines offers a comprehensive portfolio of products and services, including Wine Sales Platform, Wine Broking Service, En Primeur Offerings, Wine Storage, and Wine Delivery. 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.
Online service for purchasing fine wines from various regions
Platform for trading and investing in wine assets
Early access program for buying wines before bottling
Secure facility for storing wines in optimal conditions
Service for shipping wines to customers worldwide
Funding Insights of Armit Wines
| 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 Armit Wines
Armit Wines has secured backing from 1 investor. Prominent investors backing the company include Baarsma Wines. 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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Brand of wine
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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 Armit Wines
| 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 - Armit Wines
| 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 |
Armit Wines Comparisons
Competitors of Armit Wines
Armit Wines 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 Naked Wines, Virgin Wines, Craft Gin Club, Drop and Winebuyers, 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 |
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| domain | founded_year | HQ Location |
Winemaking projects are crowdfunded online for exclusive wine rewards.
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| domain | founded_year | HQ Location |
Wines and spirits are retailed online across the UK.
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| domain | founded_year | HQ Location |
Monthly gin subscriptions are delivered through an online platform.
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| domain | founded_year | HQ Location |
Mobile app to create & share vcards
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| domain | founded_year | HQ Location |
Online wine and spirits merchant connecting consumers directly to producers
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| domain | founded_year | HQ Location |
Online whisky retailer
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| 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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Latest news on Armit Wines
Frequently Asked Questions about Armit Wines
When was Armit Wines founded?
Armit Wines was founded in 1988.
Where is Armit Wines located?
Armit Wines is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
How many employees does Armit Wines have?
As of Sep 30, 2021, the latest employee count at Armit Wines is 35.
What is the annual revenue of Armit Wines?
Annual revenue of Armit Wines is $30.07M as on Sep 30, 2021.
What does Armit Wines do?
Armit Wines provides an online platform to purchase wines from its website. The user can search results by price range, type of wine, region of production, country of origin, and vintage. Claims to have partnered with 260 wineries o source its wines. Delivery fee is 15 for orders up to 100 and waived for order value above that. Provides deliveries in mainland UK as of November 2017. Also, provides the option of wine storage at partnered cellar locations.
Who are the top competitors of Armit Wines?
Armit Wines's top competitors include Naked Wines, Slurp and Virgin Wines.
What products or services does Armit Wines offer?
Armit Wines offers Wine Sales Platform, Wine Broking Service, En Primeur Offerings, Wine Storage, and Wine Delivery.
Who are Armit Wines's investors?
Armit Wines has 1 investor. Key investors include Baarsma Wines.