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
Not available
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Net Profit
Not available
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EBITDA
Not available
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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
Not available
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People of Baly
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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.
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.
| Investor | Description | Founded Year | Domain | Location |
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Global investments in internet and technology startups are facilitated.
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Kingsway Capital is engaged in providing investment management services.
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Tech companies are invested in by MSA venture capital fund.
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Investor details for Baly
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Investments & Acquisitions by Baly
Investment portfolio details for Baly
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Financial Statements - Baly
Detailed financials for Baly
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Baly Comparisons
Peer comparison for Baly
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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.
| Company Name | Domain | Founded year | HQ Location | Description |
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Rides and deliveries are facilitated via a mobile app platform.
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Ride-hailing app for booking taxis with safety features and transparent pricing.
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Provides a user-friendly app for cab booking and transportation.
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Operates an app-based platform for efficient ride-hailing services.
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An app-based platform for convenient taxi-hailing services.
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Detailed competitors of Baly
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Latest news on Baly
Complete news archive for Baly
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Frequently Asked Questions about Baly
Baly was founded in 2021 and raised its 1st funding round 1 year after it was founded.
Baly is headquartered in Baghdad, Iraq.
Baly is a funded company, having raised a total of $10.5M across 1 funding round to date.
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.
Baly has 7 investors. Key investors include Rocket Internet, Majid Al Futtaim, VNV Global, Kingsway Capital, and MSACAP.