About Caroobi
Caroobi is a company based in Berlin (Germany) founded in 2015 was acquired by Deutsches Workshopnetz in June 2020.. Caroobi has raised $20 million across 3 funding rounds from investors including FJ Labs, NGP Capital and BMW i Ventures. The company has 103 employees as of December 31, 2018. Caroobi offers products and services including Car Repair Services, Inspection, Oil Change, and Brake Service. Caroobi operates in a competitive market with competitors including Autoaid, Get it Done Technologies, AUTOBOOKING, PAJOO and Flexini, among others.
- Headquarter Berlin, Germany
- Employees 103 as on 31 Dec, 2018
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Sectors
Transportation, Automotive & LogisticsBusiness Services
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Caroobi Gmbh
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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 3 rounds
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Latest Funding Round
$20 M (USD), Series B
Jun 05, 2018
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Investors
FJ Labs
& 7 more
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Employee Count
103
as on Dec 31, 2018
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Acquired by
Deutsches Workshopnetz
(Jun 16, 2020)
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Products & Services of Caroobi
Caroobi offers a comprehensive portfolio of products and services, including Car Repair Services, Inspection, Oil Change, and Brake Service. 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.
Services for repairing car components like engines and transmissions
Regular checks for vehicle safety and compliance
Changing engine oil and filters for optimal performance
Inspection and replacement of brake parts for secure driving
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Funding Insights of Caroobi
Caroobi has successfully raised a total of $20M across 3 strategic funding rounds. The most recent funding activity was a Series B round of $20 million completed in June 2018. 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 Series B — $20.0M
- First Round First Round
- Investors Count 7
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2018 | Amount | Series B - Caroobi | Valuation | NGP Capital | |
| Jul, 2017 | Amount | Series A - Caroobi | Valuation | BMW i Ventures | |
| Apr, 2016 | Amount | Seed - Caroobi | Valuation | DN Capital , FJ Labs |
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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 Caroobi
Caroobi has secured backing from 8 investors, including venture fund investors. Prominent investors backing the company include FJ Labs, NGP Capital and BMW i Ventures. 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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Venture capital firm focused on B2B companies
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Founded Year | Domain | Location | |
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BMW i Ventures is focused on investing in automotive technology startups.
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Founded Year | Domain | Location | |
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Venture capital firm focused on software, fintech, marketplaces, and consumer internet
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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 Caroobi
| 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 - Caroobi
| 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 |
Caroobi Comparisons
Competitors of Caroobi
Caroobi 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 Autoaid, Get it Done Technologies, AUTOBOOKING, PAJOO and Flexini, 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 |
Car diagnostic devices and software services are provided.
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| domain | founded_year | HQ Location |
EV station management solutions connect corporate, private, and trade customers.
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| domain | founded_year | HQ Location |
App-based platform for finding and booking automotive services easily.
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| domain | founded_year | HQ Location |
Local services are listed and browsed on an online platform.
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| domain | founded_year | HQ Location |
Online appointments for bike repairs are booked via nearby shops.
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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 Caroobi
Frequently Asked Questions about Caroobi
When was Caroobi founded?
Caroobi was founded in 2015 and raised its 1st funding round 1 year after it was founded.
Where is Caroobi located?
Caroobi is headquartered in Berlin, Germany. It is registered at Berlin, Berlin, Germany.
Is Caroobi a funded company?
Caroobi is a funded company, having raised a total of $20M across 3 funding rounds to date.
How many employees does Caroobi have?
As of Dec 31, 2018, the latest employee count at Caroobi is 103.
What does Caroobi do?
Founded in 2015 and based in Berlin, Germany, Caroobi functions as an online aggregator within the automotive repair sector. A comprehensive customer lifecycle is managed, covering demand generation, sales closure, service requests, and bookings. Personal advisors are assigned to every service request to support operations. The platform connects users with repair providers across the region.
Who are the top competitors of Caroobi?
Caroobi's top competitors include Autoaid, PAJOO and Get it Done Technologies.
What products or services does Caroobi offer?
Caroobi offers Car Repair Services, Inspection, Oil Change, and Brake Service.
Who are Caroobi's investors?
Caroobi has 8 investors. Key investors include FJ Labs, NGP Capital, BMW i Ventures, DN Capital, and Cherry Ventures.
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