About Carats & Cake
Carats & Cake is a company based in New York (United States) founded in 2012.. Carats & Cake has raised $29.9 million across 3 funding rounds from investors including AUM 13F, 1Sharpe Capital and Moore Capital Management. Carats & Cake offers products and services including Vendor Search Platform, Wedding Galleries, and Profile Creation. Carats & Cake operates in a competitive market with competitors including WeddingWire, Borrowed & Blue, Love Stories TV, Wedding Spot and Project Wedding, among others.
- Headquarter New York, United States
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Sectors
Media & EntertainmentBusiness Services
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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
$29.9 M (USD)
in 3 rounds
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Latest Funding Round
$10 M (USD), Debt – Conventional
Sep 22, 2022
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Investors
AUM 13F
& 13 more
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Employee Count
Employee Count
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Products & Services of Carats & Cake
Carats & Cake offers a comprehensive portfolio of products and services, including Vendor Search Platform, Wedding Galleries, and Profile Creation. 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.
Service for finding wedding vendors and venues by location
Collection of wedding photos and stories for inspiration
Feature for vendors to showcase and manage profiles
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Funding Insights of Carats & Cake
Carats & Cake has successfully raised a total of $29.9M across 3 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $10 million completed in September 2022. 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 3
- Last Round Debt – Conventional — $10.0M
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First Round
First Round
(21 Dec 2021)
- Investors Count 14
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2022 | Amount | Debt – Conventional - Carats & Cake | Valuation |
investors |
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| Sep, 2022 | Amount | Series A - Carats & Cake | Valuation | 1Sharpe | |
| Dec, 2021 | Amount | Seed - Carats & Cake | Valuation | Acrew Capital , Founders Fund |
| 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 Carats & Cake
Carats & Cake has secured backing from 14 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include AUM 13F, 1Sharpe Capital and Moore Capital Management. 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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Early-stage startups are funded by Acrew Capital venture firm.
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Founded Year | Domain | Location | |
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Venture capital investments in technology and defense sectors.
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Founded Year | Domain | Location | |
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Venture capital firm focused on aerospace, biopharma, consumer, 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 Carats & Cake
| 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 - Carats Cake
| 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 |
Carats & Cake Comparisons
Competitors of Carats & Cake
Carats & Cake 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 WeddingWire, Borrowed & Blue, Love Stories TV, Wedding Spot and Project Wedding, 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 |
Mobile-based wedding planning service providers
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| domain | founded_year | HQ Location |
Wedding vendors marketplace
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| domain | founded_year | HQ Location |
Online platform to find wedding vendors
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| domain | founded_year | HQ Location |
Wedding venues are searched, priced, and compared by users online.
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| domain | founded_year | HQ Location |
Wedding vendor listings, reviews, and global inspirations are provided.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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 Carats & Cake
When was Carats & Cake founded?
Carats & Cake was founded in 2012 and raised its 1st funding round 9 years after it was founded.
Where is Carats & Cake located?
Carats & Cake is headquartered in New York, United States. It is registered at New York, New York, United States.
Is Carats & Cake a funded company?
Carats & Cake is a funded company, having raised a total of $29.9M across 3 funding rounds to date. The company's 1st funding round was a Seed of $19.3M, raised on Dec 21, 2021.
What does Carats & Cake do?
Carats Cake was founded in 2012 in New York, United States, and operates as an online marketplace in the wedding industry. Engaged couples are linked with local vendors by browsing real weddings organized by location. Details of vendors involved in these weddings are supplied, including reviews and ratings. Direct communication with selected vendors is enabled through the platform.
Who are the top competitors of Carats & Cake?
Carats & Cake's top competitors include WeddingWire, Borrowed & Blue and Love Stories TV.
What products or services does Carats & Cake offer?
Carats & Cake offers Vendor Search Platform, Wedding Galleries, and Profile Creation.
Who are Carats & Cake's investors?
Carats & Cake has 14 investors. Key investors include AUM 13F, 1Sharpe Capital, Moore Capital Management, Acrew Capital, and Founders Fund.