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
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Email
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Phone
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Website
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Sales and Marketing
69 people
Leadership Team
50 people
Software Development Team
48 people
Finance and Accounting
41 people
Operations Team
38 people
Human Resources and Administration
34 people
Senior Team
16 people
District Team
8 people
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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 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.
- Total Funding Total Funding
- Total Rounds 1
- Last Round Private Equity Round — $350.0M
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First Round
First Round
(04 Apr 2001)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2001 | Amount | Private Equity Round - Budget | Valuation |
investors |
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| 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 Budget
Budget has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include Avis and Egeria. 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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Egeria is focused on long-term value growth through investments.
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Founded Year | Domain | Location | |
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Online platform offering car rental services
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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 Budget
| 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 - Budget
| 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 |
Budget Comparisons
Competitors of Budget
| 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 Budget
When was Budget founded?
Budget was founded in 1958 and raised its 1st funding round 43 years after it was founded.
Where is Budget located?
Budget is headquartered in Parsippany Troy Hills, United States. It is registered at Parsippany Troy Hills, New Jersey, United States.
Is Budget a funded company?
Budget is a funded company, having raised a total of $350M across 1 funding round to date. The company's 1st funding round was a Private Equity Round of $350M, raised on Apr 04, 2001.
What does Budget do?
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.
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