About BuyitRideit
BuyitRideit is a company based in Newcastle (Australia) founded in 2012. It operates as a B2C. BuyitRideit has raised $30 thousand across 1 funding round from investors including Slingshot and Artesian. BuyitRideit operates in a competitive market with competitors including Kookaburra Sport, Ezi Sports, Maverick Hockey, Sports Watches Australia and Twotags, among others.
- Headquarter Newcastle, Australia
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Sectors
Retail
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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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Total Equity Funding
$30 K (USD)
in 1 rounds
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Latest Funding Round
$30 K (USD), Seed
Jun 14, 2013
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Investors
Slingshot
& 1 more
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Employee Count
Employee Count
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Funding Insights of BuyitRideit
BuyitRideit has successfully raised a total of $30K through 1 strategic funding round. The most recent funding activity was a Seed round of $30 thousand completed in June 2013. 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 Seed — $30,000
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First Round
First Round
(14 Jun 2013)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2013 | Amount | Seed - BuyitRideit | 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 BuyitRideit
BuyitRideit has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Slingshot and Artesian. 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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Slingshot is engaged in venture capital and corporate innovation acceleration.
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Founded Year | Domain | Location | |
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Venture capital and private debt fund focused on climate, agrifood, health, AI, and multiple sectors
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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 BuyitRideit
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
|
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.
|
2016 |
Financial Statements - BuyitRideit
| 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 |
Buyitrideit Comparisons
Competitors of BuyitRideit
BuyitRideit 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 Kookaburra Sport, Ezi Sports, Maverick Hockey, Sports Watches Australia and Twotags, 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 |
Manages an e-commerce store specializing in various sports equipment.
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| domain | founded_year | HQ Location |
An e-commerce store specializing in sports gear and accessories.
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| domain | founded_year | HQ Location |
Operates an e-commerce store specializing in hockey goods and equipment.
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| domain | founded_year | HQ Location |
Manages an e-commerce store specializing in sports watches and accessories.
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| domain | founded_year | HQ Location |
Online retailer of activewear clothing and accessories for fitness enthusiasts.
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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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Frequently Asked Questions about BuyitRideit
When was BuyitRideit founded?
BuyitRideit was founded in 2012 and raised its 1st funding round 1 year after it was founded.
Where is BuyitRideit located?
BuyitRideit is headquartered in Newcastle, Australia. It is registered at Newcastle, New South Wales, Australia.
Is BuyitRideit a funded company?
BuyitRideit is a funded company, having raised a total of $30K across 1 funding round to date. The company's 1st funding round was a Seed of $30K, raised on Jun 14, 2013.
What does BuyitRideit do?
BuyitRideit, established in 2012 and currently in Dissolved stage, focuses on engaging in retail operations, operating online marketplaces, sports goods, and selling products via the internet. BuyitRideit operates a digital hub for retailing a variety of sports goods online. Adapting to market demands with innovation and client-focused strategies.
Who are the top competitors of BuyitRideit?
BuyitRideit's top competitors include Kookaburra Sport, Ezi Sports and Maverick Hockey.