About Baly
Baly is a company based in Baghdad (Iraq) founded in 2021 by Matteo Mantovani and Munqith Alazzawi.. Baly has raised $10.5 million across 1 funding round from investors including Rocket Internet, Majid Al Futtaim and VNV Global. Baly operates in a competitive market with competitors including Careem, Obr Taxi, Taxi Reem, TAXINA and Taxikum, among others.
- Headquarter Baghdad, Iraq
- Founders Matteo Mantovani, Munqith Alazzawi
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Sectors
Financial ServicesTransportation, Automotive & Logistics
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Email
***********
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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
$10.5 M (USD)
in 1 rounds
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Latest Funding Round
$10.5 M (USD), Seed
Jan 28, 2022
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Investors
Rocket Internet
& 6 more
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Employee Count
Employee Count
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Funding Insights of Baly
Baly has successfully raised a total of $10.5M through 1 strategic funding round. The most recent funding activity was a Seed round of $10.5 million completed in January 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 1
- Last Round Seed — $10.5M
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First Round
First Round
(28 Jan 2022)
- Investors Count 7
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2022 | Amount | Seed - Baly | 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 Baly
Baly has secured backing from 7 investors, including venture fund and institutional investors. Prominent investors backing the company include Rocket Internet, Majid Al Futtaim and VNV Global. 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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Global investments in internet and technology startups are facilitated.
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Founded Year | Domain | Location | |
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Kingsway Capital is engaged in providing investment management services.
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Founded Year | Domain | Location | |
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Tech companies are invested in by MSA venture capital fund.
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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 Baly
| 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 - Baly
| 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 |
Baly Comparisons
Competitors of Baly
Baly 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 Careem, Obr Taxi, Taxi Reem, TAXINA and Taxikum, 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 |
Rides and deliveries are facilitated via a mobile app platform.
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| domain | founded_year | HQ Location |
Ride-hailing app for booking taxis with safety features and transparent pricing.
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| domain | founded_year | HQ Location |
Provides a user-friendly app for cab booking and transportation.
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| domain | founded_year | HQ Location |
Operates an app-based platform for efficient ride-hailing services.
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| domain | founded_year | HQ Location |
An app-based platform for convenient taxi-hailing services.
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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 Baly
When was Baly founded?
Baly was founded in 2021 and raised its 1st funding round 1 year after it was founded.
Where is Baly located?
Baly is headquartered in Baghdad, Iraq.
Is Baly a funded company?
Baly is a funded company, having raised a total of $10.5M across 1 funding round to date. The company's 1st funding round was a Seed of $10.5M, raised on Jan 28, 2022.
What does Baly do?
Baly was founded in 2021 in Baghdad, Iraq, as an app-based platform in the transportation and logistics sector. Ride-hailing services are provided, allowing users to book rides by entering locations and passenger details. On-demand delivery options are also available. The platform includes features like live vehicle tracking and in-app payments. The mobile application is accessible on both Android and iOS devices.
Who are Baly's investors?
Baly has 7 investors. Key investors include Rocket Internet, Majid Al Futtaim, VNV Global, Kingsway Capital, and MSACAP.
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