About Backpack
Backpack is a company based in Mountain View (United States) founded in 2014. It operates as a Peer-to-Peer (P2P). Backpack has raised $120 thousand across 1 funding round from investors including Y Combinator. Backpack offers products and services including Traveler Service. Backpack operates in a competitive market with competitors including Roadie, Grabr, FlavorCloud, Moduslink and Global Access, among others.
- Headquarter Mountain View, United States
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Sectors
RetailTransportation, Automotive & Logistics
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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
$120 K (USD)
in 1 rounds
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Latest Funding Round
$120 K (USD), Seed
Aug 10, 2014
- Investors
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Employee Count
Employee Count
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Products & Services of Backpack
Backpack offers a comprehensive portfolio of products and services, including Traveler Service. 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.
Items are delivered globally through traveler networks efficiently.
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Funding Insights of Backpack
Backpack has successfully raised a total of $120K through 1 strategic funding round. The most recent funding activity was a Seed round of $120 thousand completed in August 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 1
- Last Round Seed — $120,000
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First Round
First Round
(10 Aug 2014)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2014 | Amount | Seed - Backpack | Valuation |
investors |
| 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 Backpack
Backpack has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Y Combinator. 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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Early-stage startups are accelerated via funding and educational programs.
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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 Backpack
| 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 - Backpack
| 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 |
Backpack Comparisons
Competitors of Backpack
Backpack 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 Roadie, Grabr, FlavorCloud, Moduslink and Global Access, 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 |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Door-to-door shipping is facilitated through an online P2P platform.
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| domain | founded_year | HQ Location |
Parcels are sent through travelers on a social marketplace platform.
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| domain | founded_year | HQ Location |
Online platform offering cross border ecommerce shipping solutions
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| domain | founded_year | HQ Location |
Supply chain management services are provided for global technology firms.
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| domain | founded_year | HQ Location |
Global Access is recognized for providing eCommerce and direct sales solutions for international expansion.
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| domain | founded_year | HQ Location |
End-to-end cross-border solutions for businesses are delivered via web platform.
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| 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.
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Frequently Asked Questions about Backpack
When was Backpack founded?
Backpack was founded in 2014.
Where is Backpack located?
Backpack is headquartered in Mountain View, United States. It is registered at Mountain View, California, United States.
Is Backpack a funded company?
Backpack is a funded company, having raised a total of $120K across 1 funding round to date. The company's 1st funding round was a Seed of $120K, raised on Aug 10, 2014.
What does Backpack do?
A service is offered by Backpack where items are transported across borders using a network of travelers. The platform connects individuals needing items from abroad with travelers who can bring those items. Focus is placed on creating an efficient, community-driven logistics solution for personal and small-scale deliveries. Sectors served include logistics and peer-to-peer services, with an emphasis on accessibility and convenience for users worldwide.
Who are the top competitors of Backpack?
Backpack's top competitors include Roadie, Grabr and FlavorCloud.
What products or services does Backpack offer?
Backpack offers Traveler Service.
Who are Backpack's investors?
Backpack has 1 investor. Key investors include Y Combinator.