About Caroo
Caroo is a company based in Los Angeles (United States) founded in 2014.. Caroo has raised $20 million across 1 funding round from investors including Alpha Edison, GC1 Holding and Corazon. The company has 75 employees as of December 31, 2021. Caroo offers products and services including Digital Gift Cards, Personality Assessment, Team Gifts, and eCards. Caroo operates in a competitive market with competitors including CustomInk, Alyce, Snappy, Loop & Tie and Gemnote, among others.
- Headquarter Los Angeles, United States
- Employees 75 as on 31 Dec, 2021
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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
$20 M (USD)
in 1 rounds
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Latest Funding Round
$20 M (USD), Series B
Nov 19, 2021
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Investors
Alpha Edison
& 3 more
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Employee Count
75
as on Dec 31, 2021
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Products & Services of Caroo
Caroo offers a comprehensive portfolio of products and services, including Digital Gift Cards, Personality Assessment, Team Gifts, and eCards. 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.
Provides immediate digital delivery for recipient choice.
Helps understand employee fulfillment and preferences.
Enables sending gifts to entire teams at once.
Facilitates collaborative digital messages for occasions.
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Funding Insights of Caroo
Caroo has successfully raised a total of $20M through 1 strategic funding round. The most recent funding activity was a Series B round of $20 million completed in November 2021. 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 Series B — $20.0M
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First Round
First Round
(19 Nov 2021)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2021 | Amount | Series B - Caroo | Valuation | Alpha Edison |
| 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 Caroo
Caroo has secured backing from 4 investors, including venture fund and institutional investors. Prominent investors backing the company include Alpha Edison, GC1 Holding and Corazon. 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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Series A and growth-stage investments are made by Alpha Edison.
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Founded Year | Domain | Location | |
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Venture capital firm investing in multiple sectors
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Founded Year | Domain | Location | |
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Venture capital fund investing in early-stage tech startups
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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 Caroo
| 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.
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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 - Caroo
| 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 |
Caroo Comparisons
Competitors of Caroo
Caroo 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 CustomInk, Alyce, Snappy, Loop & Tie and Gemnote, 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 |
Reward-based crowdfunding is enabled via no-inventory t-shirt sales.
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| domain | founded_year | HQ Location |
Artificial intelligence based platform for corporate gifting
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| domain | founded_year | HQ Location |
Corporate gifts are provided via an online platform for businesses.
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| domain | founded_year | HQ Location |
An online marketplace for gifting digital gift cards is operated.
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| domain | founded_year | HQ Location |
Online platform focussed on corporate gifts and greeting cards
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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 Caroo
Frequently Asked Questions about Caroo
When was Caroo founded?
Caroo was founded in 2014 and raised its 1st funding round 7 years after it was founded.
Where is Caroo located?
Caroo is headquartered in Los Angeles, United States. It is registered at Los Angeles, California, United States.
Is Caroo a funded company?
Caroo is a funded company, having raised a total of $20M across 1 funding round to date. The company's 1st funding round was a Series B of $20M, raised on Nov 19, 2021.
How many employees does Caroo have?
As of Dec 31, 2021, the latest employee count at Caroo is 75.
What does Caroo do?
Online gifting platform for corporate. The product catalog includes gift boxes containing snacks from different brands, themed gift box, e-gifts, and gift box containing custom gift curation.
What products or services does Caroo offer?
Caroo offers Digital Gift Cards, Personality Assessment, Team Gifts, and eCards.
Who are Caroo's investors?
Caroo has 4 investors. Key investors include Alpha Edison, GC1 Holding, Corazon, and PayPal Ventures.