About Cornershop App
Cornershop App is a company based in Mexico City (Mexico) founded in 2015 was acquired by Uber in October 2019.. Cornershop App has raised $30.05 million across 2 funding rounds from investors including Uber, Walmart and Accel. Cornershop App offers products and services including Food Delivery App and Grocery Delivery Service. Cornershop App operates in a competitive market with competitors including DoorDash, JOKR, Jüsto, Rappi and FreshMarket, among others.
- Headquarter Mexico City, Mexico
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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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- Legal Name Uber Technologies Inc
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Products & Services of Cornershop App
Cornershop App offers a comprehensive portfolio of products and services, including Food Delivery App and Grocery Delivery 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.
App for ordering and delivering food from various restaurants.
Service for online grocery shopping and home delivery options.
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Software Development Team
245 people
Product Management Team
84 people
Sales and Marketing
72 people
Leadership Team
63 people
Data Analysis and Operations Team
51 people
Senior Team
45 people
Finance and Accounting
41 people
Operations Team
26 people
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Funding Insights of Cornershop App
Cornershop App has successfully raised a total of $30.05M across 2 strategic funding rounds. The most recent funding activity was a Series B round of $21 million completed in May 2017. 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 2
- Last Round Series B — $21.0M
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First Round
First Round
(19 Apr 2016)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2017 | Amount | Series B - Cornershop App | Valuation | Accel | |
| Apr, 2016 | Amount | Series A - Cornershop App | Valuation | Jackson Square Ventures , ALLVP |
| 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 Cornershop App
Cornershop App has secured backing from 7 investors, including venture fund and institutional investors. Prominent investors backing the company include Uber, Walmart and Accel. 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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Accel is recognized as a leading venture capital firm.
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Founded Year | Domain | Location | |
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Venture capital investments and support services are offered to early-stage tech startups.
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Founded Year | Domain | Location | |
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Seed and early-stage tech investments in the US are made.
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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 Cornershop App
| 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 - Cornershop App
| 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 |
Cornershop App Comparisons
Competitors of Cornershop App
Cornershop App 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 DoorDash, JOKR, Jüsto, Rappi and FreshMarket, 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 |
Food and grocery deliveries are facilitated through an app-based platform.
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| domain | founded_year | HQ Location |
Multi-category grocery products are delivered via an online platform.
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| domain | founded_year | HQ Location |
Online platform to order groceries
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| domain | founded_year | HQ Location |
Online food ordering and delivery platform
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| domain | founded_year | HQ Location |
An online platform offering a variety of grocery products.
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| domain | founded_year | HQ Location |
Vegan groceries and staples are retailed online with home delivery.
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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 Cornershop App
Frequently Asked Questions about Cornershop App
When was Cornershop App founded?
Cornershop App was founded in 2015 and raised its 1st funding round 1 year after it was founded.
Where is Cornershop App located?
Cornershop App is headquartered in Mexico City, Mexico.
Is Cornershop App a funded company?
Cornershop App is a funded company, having raised a total of $30.05M across 2 funding rounds to date. The company's 1st funding round was a Series A of $9.05M, raised on Apr 19, 2016.
What does Cornershop App do?
Cornershop was established in 2015 in Mexico City, Mexico, within the e-commerce sector focused on grocery services. Operations allow users to select items from various stores, including fruits, vegetables, bakery goods, and dairy, before placing online orders for doorstep delivery. Key elements include multi-store purchasing, contact-free options, and discount offers. The platform is supported by apps on Android and iOS devices.
Who are the top competitors of Cornershop App?
What products or services does Cornershop App offer?
Cornershop App offers Food Delivery App and Grocery Delivery Service.
Who are Cornershop App's investors?
Cornershop App has 7 investors. Key investors include Uber, Walmart, Accel, Creandum, and Jackson Square Ventures.
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