About Carrols
Carrols is a company based in Syracuse (United States) founded in 1960 was acquired by Restaurant Brands International in January 2024.. The company has 2,635 employees as of December 31, 2022. Carrols has completed 1 acquisition, including Republic Foods. Carrols offers products and services including Burger King Restaurants and Employee and Policy Services.
- Headquarter Syracuse, United States
- Employees 2635 as on 31 Dec, 2022
- Stage Public
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Email
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Phone
*********
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Website
*********
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Social
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- Legal Name Carrols Restaurant Group, Llc
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
$200 M (USD), Debt – Conventional
Apr 01, 2015
- Investors
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Employee Count
2635
as on Dec 31, 2022
- Investments & Acquisitions
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Acquired by
Restaurant Brands International
(Jan 16, 2024)
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Products & Services of Carrols
Carrols offers a comprehensive portfolio of products and services, including Burger King Restaurants and Employee and Policy Services. 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.
Over 1,000 Burger King restaurants are operated for serving fast food items
Various policies and portals are provided for employees, including anti-discrimination measures and biometric information handling
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Leadership Team
13 people
Human Resources and Administration
11 people
Finance and Accounting
10 people
Software Development Team
6 people
Staff Team
5 people
Operations Team
4 people
District Team
4 people
Sales and Marketing
3 people
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Funding Insights of Carrols
- Total Funding Total Funding
- Total Rounds 2
- Last Round Debt – Conventional — $200.0M
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First Round
First Round
(01 May 2012)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2015 | Amount | Debt – Conventional - Carrols | Valuation |
investors |
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| May, 2012 | Amount | Debt – Conventional - Carrols | 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 Carrols
Carrols has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Restaurant Brands International. 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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Quick-service restaurant brands are operated on a global scale.
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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 Carrols
Carrols has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Republic Foods. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| 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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Food and beverage packaging services are provided globally.
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1982 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Carrols
| 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 |
Carrols Comparisons
Competitors of Carrols
| 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 Carrols
When was Carrols founded?
Carrols was founded in 1960 and raised its 1st funding round 52 years after it was founded.
Where is Carrols located?
Carrols is headquartered in Syracuse, United States. It is registered at Syracuse, New York, United States.
How many employees does Carrols have?
As of Dec 31, 2022, the latest employee count at Carrols is 2,635.
What does Carrols do?
Carrols was founded in 1960 and is headquartered in Syracuse, United States. The company functions as an operator of restaurant chains within the food service sector. Multiple restaurant locations are managed across various regions, with dining services provided to customers. Operations emphasize chain management and franchise oversight. The official domain, carrols.com, is maintained for company information and resources.
What products or services does Carrols offer?
Carrols offers Burger King Restaurants and Employee and Policy Services.
How many acquisitions has Carrols made?
Carrols has made 1 acquisition, including Republic Foods.
Who are Carrols's investors?
Carrols has 1 investor. Key investors include Restaurant Brands International.
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