About Claro
Claro is a company based in Mexico City (Mexico) founded in 2003 by Carlos Slim.. Claro has completed 1 acquisition, including Desktop. Claro offers products and services including Claro Video, Claro Music, and Claro Play. Claro operates in a competitive market with competitors including Jio, MTN, Airtel, Proximus Group and AT&T, among others.
- Headquarter Mexico City, Mexico
- Founders Carlos Slim
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Sectors
Telecommunications
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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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Latest Funding Round
$224 M (USD), Debt – Conventional
Sep 06, 2019
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Investors
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Employee Count
Employee Count
- Investments & Acquisitions
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Products & Services of Claro
Claro offers a comprehensive portfolio of products and services, including Claro Video, Claro Music, and Claro Play. 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.
Platform for streaming movies, series, and sports content.
Service offering songs, charts, and radio stations.
App for accessing TV content on various devices.
Funding Insights of Claro
- Total Funding Total Funding
- Total Rounds 1
- Last Round Debt – Conventional — $224.0M
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First Round
First Round
(06 Sep 2019)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2019 | Amount | Debt – Conventional - Claro | 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 |
Investments & Acquisitions by Claro
Claro has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Desktop. 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.
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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 |
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Broadband internet and IPTV services are provided in Brazil.
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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 - Claro
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 |
Claro Comparisons
Competitors of Claro
Claro 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 Jio, MTN, Airtel, Proximus Group and AT&T, 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 |
Provider of telecommunication services
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| domain | founded_year | HQ Location |
MTN Group is recognized as a leading telecommunications provider in Africa.
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| domain | founded_year | HQ Location |
Airtel is recognized as a provider of telecommunications and internet services.
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| domain | founded_year | HQ Location |
Telephony, internet, television, and network-based ICT services are provided.
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| domain | founded_year | HQ Location |
Mobile internet, TV, and telecommunication services are provided.
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| domain | founded_year | HQ Location |
Mobile internet services are provided for homes and offices.
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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 Claro
Frequently Asked Questions about Claro
When was Claro founded?
Claro was founded in 2003 and raised its 1st funding round 16 years after it was founded.
Where is Claro located?
Claro is headquartered in Mexico City, Mexico.
Who is the current CEO of Claro?
Daniel Hajj Aboumrad is the current CEO of Claro.
What does Claro do?
Claro was established in 2003 in Mexico City, Mexico, within the telecommunications sector. Mobile network access, broadband internet, television broadcasting, and fixed telephony are offered to customers. Operations are centered in Mexico, with services extended to residential and business users. Leadership includes founder Carlos Slim and CEO Daniel Hajj Aboumrad. The companys domain is claro.com.
Who are the top competitors of Claro?
Claro's top competitors include MTN, Proximus Group and AT&T.
What products or services does Claro offer?
Claro offers Claro Video, Claro Music, and Claro Play.
How many acquisitions has Claro made?
Claro has made 1 acquisition, including Desktop.