About Basket Materials
Basket Materials is a company based in Palo Alto (United States) founded in 2021 was acquired by DMD Systems in November 2024.. Basket Materials offers products and services including IT Asset Disposition, Electronics Surplus Liquidation, Data Center Decommissioning, and Hard Drive Shredding. Basket Materials operates in a competitive market with competitors including CloudBlue Technologies, Vyta, 3 Step IT, ERI and Wisetek, among others.
- Headquarter Palo Alto, United States
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Sectors
Technology
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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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Latest Funding Round
- Investors
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Employee Count
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Acquired by
DMD Systems
(Nov 01, 2024)
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Products & Services of Basket Materials
Basket Materials offers a comprehensive portfolio of products and services, including IT Asset Disposition, Electronics Surplus Liquidation, Data Center Decommissioning, and Hard Drive Shredding. 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.
Secure disposal and management of IT assets for businesses.
Liquidation of surplus electronics for recovery and resale.
Decommissioning services for data centers with environmental compliance.
Shredding and wiping of hard drives to ensure data security.
Funding Insights of Basket Materials
| 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 Basket Materials
Basket Materials has secured backing from 1 investor. Prominent investors backing the company include DMD Systems. 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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Specializes in IT asset disposal services for efficient and secure management.
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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 Basket Materials
| 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 - Basket Materials
| 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 |
Basket Materials Comparisons
Competitors of Basket Materials
Basket Materials 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 CloudBlue Technologies, Vyta, 3 Step IT, ERI and Wisetek, 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 |
Enterprise IT asset disposition, Onsite Data erase & Destruction and e- waste recycling
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IT assets are managed and data is destroyed securely.
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| domain | founded_year | HQ Location |
Provider of IT asset management and IT hardware distribution services
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| domain | founded_year | HQ Location |
E-waste recycling and asset disposition services are provided globally.
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| domain | founded_year | HQ Location |
E-waste recycling and remanufacturing services are provided worldwide.
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| domain | founded_year | HQ Location |
IT asset disposition and recycling services are offered to clients.
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| Company Name | Domain | Founded year | HQ Location | Description |
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Multiple services are booked via an app-based platform.
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On-demand services are booked through an app-based platform.
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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 Basket Materials
When was Basket Materials founded?
Basket Materials was founded in 2021.
Where is Basket Materials located?
Basket Materials is headquartered in Palo Alto, United States. It is registered at Palo Alto, California, United States.
What does Basket Materials do?
Basket Materials provides comprehensive IT Asset Disposition (ITAD) services, offering asset removal, decommissioning, and liquidation solutions for technology and lab equipment. The companys services cater to organizations seeking secure and convenient electronic waste recycling and IT asset management solutions. With a focus on responsible e-waste disposal and data security, Basket Materials helps businesses navigate the complexities of IT asset lifecycle management.
Who are the top competitors of Basket Materials?
Basket Materials's top competitors include ERI, Wisetek and Cascade Asset Management.
What products or services does Basket Materials offer?
Basket Materials offers IT Asset Disposition, Electronics Surplus Liquidation, Data Center Decommissioning, and Hard Drive Shredding.
Who are Basket Materials's investors?
Basket Materials has 1 investor. Key investors include DMD Systems.