Budget

Parsippany Troy Hills, United States Founded: 1958 • Age: 68 yrs Acquired By Avis
Provider of car rental services and related travel options
Annual revenue - Latest available
Total funding $350.0M 1 rounds
Employees - Tracked headcount
Investors 2 Known backers
Products - Services tracked
Competitors - Brand Intelligence

About Budget

Budget is a company based in Parsippany Troy Hills (United States) founded in 1958 was acquired by Avis in August 2002. Budget has raised $350 million across 1 funding round from investors including Avis and Egeria.

  • Headquarter Parsippany Troy Hills, United States
  • Email
    Locked
  • Phone
    Locked
  • Website
    Locked
  • Social
    Locked
Operational Areas
Not available
Key Metrics
  • Annual Revenue
    Not available
  • Net Profit
    Not available
  • EBITDA
    Not available
  • Total Equity Funding
    $350 M (USD)

    in 1 rounds

  • Latest Funding Round
    $350 M (USD), Private Equity Round

    Apr 04, 2001

  • Investors
    Avis

    & 1 more

  • Employee Count
    Not available
  • Acquired by
    Avis

    & 1 more

    (Aug 22, 2002)

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People of Budget

Headcount 10000+
Employee Profiles 435
Board Members and Advisors 5
Employee Profiles
People
Tracey Zhen
President, Zipcar
People
Keith Rankin
President, International
People
Pete McGinnis
West Area Supply Chain Operations Director
People
Viktor Nagy
Airport Manager

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Board Members and Advisors
people
Jagdeep Pahwa
Vice Chairman
people
Karthik Sarma
Director
people
Glenn Lurie
Director
people
Lynn Krominga
Director

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Funding Insights of Budget

Budget has successfully raised a total of $350M through 1 strategic funding round. The most recent funding activity was a Private Equity Round of $350 million completed in April 2001. 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 Budget

Budget has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include Avis and Egeria.

All
Institutional
Investor Description Founded Year Domain Location
Egeria is focused on long-term value growth through investments.
Locked Locked Locked
Online platform offering car rental services
Locked Locked Locked
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Investor details for Budget

Investor domains, locations, round participation, and complete history require an active premium plan.

  • Investor domains
  • Investor locations
  • Funding rounds
  • Participation history

Verified entity values are shown only after access is granted.

Investments & Acquisitions by Budget

Investments
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Investment portfolio details for Budget

Portfolio company identities, transaction dates, round details, and investment values require an active premium plan.

  • Portfolio identities
  • Transaction dates
  • Round details
  • Investment values

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Financial Statements - Budget

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Detailed financials for Budget

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  • Historical revenue
  • Profit trends
  • Statement rows
  • Financial ratios

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Budget Comparisons

Budget Primary company
Description
Provider of car rental services and related travel options
Location
Parsippany Troy Hills, United States
Founded Year
1958
Annual Revenue
Not available
Net Profit
Not available
EBITDA
Not available
Employees
Not available
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Peer comparison for Budget

Named peer metrics, headcount, funding, location, and side-by-side benchmarks require an active premium plan.

  • Named peers
  • Headcount comparison
  • Funding comparison
  • Operating benchmarks

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Competitors of Budget

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Detailed competitors of Budget

Competitor domains, locations, full profiles, and operating metrics require an active premium plan.

  • Domains and locations
  • Full company profiles
  • Operating metrics
  • Competitive positioning

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Latest news on Budget

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Complete news archive for Budget

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  • Full article archive
  • Source and publication date
  • Older coverage
  • Brand-specific news history

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Frequently Asked Questions about Budget

Budget was founded in 1958 and raised its 1st funding round 43 years after it was founded.

Budget is headquartered in Parsippany Troy Hills, United States. It is registered at Parsippany Troy Hills, New Jersey, United States.

Budget is a funded company, having raised a total of $350M across 1 funding round to date.

The company was founded in 1958 and is headquartered in Parsippany Troy Hills, United States. Operations focus on the car rental sector, where a range of vehicles is offered for short-term use. Supplementary travel services, including online booking and account management, are facilitated through the domain budget.com. Membership programs with specific benefits are available, subject to terms and conditions. Rentals are managed across various locations to support customer mobility needs.

Budget has 2 investors. Key investors include Avis, and Egeria.

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