About Baluwo
Baluwo is a company based in Barcelona (Spain) founded in 2016.. Baluwo has raised $2.91 million across 2 funding rounds from investors including Creas, 4Founders Capital and Cabiedes & Partners. Baluwo offers products and services including Money Sending Service, Mobile Recharge Service, and Electricity Recharge Service. Baluwo operates in a competitive market with competitors including Peru Online, Yummy Planet and La Cesta Del Mercado, among others.
- Headquarter Barcelona, Spain
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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
*********
- Legal Name Baluwo Financial Services Sl
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$2.91 M (USD)
in 2 rounds
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Latest Funding Round
$2.2 M (USD), Seed
Mar 17, 2022
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Investors
Creas
& 2 more
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Employee Count
Employee Count
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Products & Services of Baluwo
Baluwo offers a comprehensive portfolio of products and services, including Money Sending Service, Mobile Recharge Service, and Electricity Recharge 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.
Enables international money transfers for diaspora users.
Allows recharging mobile balances and internet services.
Facilitates payments for electricity counters remotely.
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Funding Insights of Baluwo
Baluwo has successfully raised a total of $2.91M across 2 strategic funding rounds. The most recent funding activity was a Seed round of $2.2 million completed in March 2022. 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 2
- Last Round Seed — $2.2M
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First Round
First Round
(16 Nov 2017)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2022 | Amount | Seed - Baluwo | Valuation | Creas |
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| Nov, 2017 | Amount | Seed - Baluwo | Valuation | Cabiedes & Partners |
| 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 Baluwo
Baluwo has secured backing from 3 investors, including venture fund investors. Prominent investors backing the company include Creas, 4Founders Capital and Cabiedes & Partners. 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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Investments in sustainable startups are focused on by Creas.
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Founded Year | Domain | Location | |
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Venture capital investments are provided to tech startups.
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Founded Year | Domain | Location | |
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Investments are made in early-stage fintech and internet startups.
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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 Baluwo
| 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 - Baluwo
| 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 |
Baluwo Comparisons
Competitors of Baluwo
Baluwo 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 Peru Online, Yummy Planet and La Cesta Del Mercado, 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 |
Operates an online store specializing in Peruvian products for global customers.
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| domain | founded_year | HQ Location |
Online platform for purchasing diverse imported food items and global snacks.
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| domain | founded_year | HQ Location |
Operates a marketplace platform for hyperlocal grocery delivery to enhance convenience and fresh access.
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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 Baluwo
When was Baluwo founded?
Baluwo was founded in 2016 and raised its 1st funding round 1 year after it was founded.
Where is Baluwo located?
Baluwo is headquartered in Barcelona, Spain. It is registered at Barcelona, Catalonia, Spain.
Is Baluwo a funded company?
Baluwo is a funded company, having raised a total of $2.91M across 2 funding rounds to date. The company's 1st funding round was a Seed of $708.35K, raised on Nov 16, 2017.
What does Baluwo do?
Baluwo was established in 2016 in Barcelona, Spain, as a super app platform in the e-commerce and services sector. Various offerings are provided, including groceries, fashion products, food delivery, and mobile recharge options. Operations focus on multicategory accessibility via mobile applications, which are available for download on the Google Play Store and Apple App Store. The domain baluwo.com supports these digital services.
Who are the top competitors of Baluwo?
Baluwo's top competitors include Peru Online, Yummy Planet and La Cesta Del Mercado.
What products or services does Baluwo offer?
Baluwo offers Money Sending Service, Mobile Recharge Service, and Electricity Recharge Service.
Who are Baluwo's investors?
Baluwo has 3 investors. Key investors include Creas, 4Founders Capital, and Cabiedes & Partners.