About Basket Savings
Basket Savings is a company based in Arlington (United States) founded in 2013 by Neil Kataria.. Basket Savings has raised $19.59 million across 4 funding rounds from investors including Passport Capital, The Entrepreneurs' Fund and Eniac Ventures. The company has 37 employees as of December 31, 2022. Basket Savings offers products and services including Basket App. Basket Savings operates in a competitive market with competitors including Wochacha, Soysuper, MonsieurDrive, Matpriskollen and PriceZ, among others.
- Headquarter Arlington, United States
- Employees 37 as on 31 Dec, 2022
- Founders Neil Kataria
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Sectors
Retail
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Basket Savings, Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$19.59 M (USD)
in 4 rounds
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Latest Funding Round
$10.34 M (USD), Series A
Aug 30, 2017
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Investors
Passport Capital
& 4 more
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Employee Count
37
as on Dec 31, 2022
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Products & Services of Basket Savings
Basket Savings offers a comprehensive portfolio of products and services, including Basket App. 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.
App for comparing prices and building lists to save on groceries
Funding Insights of Basket Savings
Basket Savings has successfully raised a total of $19.59M across 4 strategic funding rounds. The most recent funding activity was a Series A round of $10.34 million completed in August 2017. 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 4
- Last Round Series A — $10.3M
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First Round
First Round
(08 Sep 2014)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2017 | Amount | Series A - Basket Savings | Valuation |
investors |
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| Aug, 2017 | Amount | Series A - Basket Savings | Valuation |
investors |
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| Dec, 2015 | Amount | Seed - Basket Savings | 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 Basket Savings
Basket Savings has secured backing from 5 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include Passport Capital, The Entrepreneurs' Fund and Eniac Ventures. 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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Seed & early-stage VC firm investing in the US
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Founded Year | Domain | Location | |
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US focused seed and early-stage VC firm
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Founded Year | Domain | Location | |
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Global investment firm managing funds for emerging markets and technology trends.
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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 Savings
| 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 Savings
| 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 Savings Comparisons
Competitors of Basket Savings
Basket Savings 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 Wochacha, Soysuper, MonsieurDrive, Matpriskollen and PriceZ, 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 |
QR-code based price comparison app
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| domain | founded_year | HQ Location |
Online supermarket products from multiple stores are compared and purchased.
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| domain | founded_year | HQ Location |
Supermarket basket prices are compared across French drive-through chains.
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| domain | founded_year | HQ Location |
Weekly grocery offers are aggregated on a mobile platform.
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| domain | founded_year | HQ Location |
A platform for managing shopping lists and comparing prices across supermarkets.
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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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Latest news on Basket Savings
Frequently Asked Questions about Basket Savings
When was Basket Savings founded?
Basket Savings was founded in 2013 and raised its 1st funding round 1 year after it was founded.
Where is Basket Savings located?
Basket Savings is headquartered in Arlington, United States. It is registered at Arlington, Virginia, United States.
Who is the current CEO of Basket Savings?
Neil Kataria is the current CEO of Basket Savings. They have also founded this company.
Is Basket Savings a funded company?
Basket Savings is a funded company, having raised a total of $19.59M across 4 funding rounds to date.
How many employees does Basket Savings have?
As of Dec 31, 2022, the latest employee count at Basket Savings is 37.
What does Basket Savings do?
Basket Savings was founded in 2013 and is headquartered in Arlington, United States. An app-based platform is operated to enable price comparisons for grocery products. Shopping lists can be created by users, with prices viewed across in-store and online options. Mobile applications are available for both Android and iOS devices. The company functions within the retail technology sector.
Who are the top competitors of Basket Savings?
Basket Savings's top competitors include Wochacha, Soysuper and Matpriskollen.
What products or services does Basket Savings offer?
Basket Savings offers Basket App.
Who are Basket Savings's investors?
Basket Savings has 5 investors. Key investors include Passport Capital, The Entrepreneurs' Fund, Eniac Ventures, Dave Baggett, and Gary Cohn.