About Corporación Favorita
Corporación Favorita is a company based in Ecuador founded in 1957.. Corporación Favorita has completed 3 acquisitions, including Hanaska, Supermercados Rey and gruporey.com.pa. Corporación Favorita offers products and services including Supermaxi, Möblart, MAXIplus, and AKÍmóvil. Corporación Favorita operates in a competitive market with competitors including RoadRunner, EPS Group, DI Environnement, GEOTOM and RTS Waste Management, among others.
- Headquarter Pichincha, Ecuador
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Sectors
Business ServicesEnvironment
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Phone
*********
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Website
*********
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Social
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- Legal Name Corporación Favorita
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
$45 M (USD), Debt – Conventional
Feb 27, 2023
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Investors
Inter-American Development Bank
& 1 more
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Employee Count
Employee Count
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Investments & Acquisitions
Hanaska
& 2 more
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Products & Services of Corporación Favorita
Corporación Favorita offers a comprehensive portfolio of products and services, including Supermaxi, Möblart, MAXIplus, and AKÍmóvil. 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.
Retail outlet for groceries and household essentials
Store offering furniture and home goods
Expanded store for diverse consumer products
Brand for mobile and communication products
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Funding Insights of Corporación Favorita
- Total Funding Total Funding
- Total Rounds 4
- Last Round Debt – Conventional — $45.0M
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First Round
First Round
(11 Feb 2019)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2023 | Amount | Debt – Conventional - Corporación Favorita | Valuation |
investors |
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| Apr, 2021 | Amount | Debt – Conventional - Corporación Favorita | Valuation |
investors |
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| Feb, 2020 | Amount | Debt – Conventional - Corporación Favorita | Valuation |
investors |
| 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 Corporación Favorita
Corporación Favorita has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include Inter-American Development Bank and IDB Invest. 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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Growth funds in strategic sectors are supported by IDB Invest.
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Founded Year | Domain | Location | |
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Loans and development finance are provided for regional projects.
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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 Corporación Favorita
Corporación Favorita has strategically engaged in corporate development activities, having acquired 3 companies. Notable acquisitions include Hanaska, Supermercados Rey and gruporey.com.pa. 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 processing and packaging services are provided to clients.
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2010 | ||||
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Beef, cereals, and consumer products are retailed by Supermercados Rey.
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2000 | ||||
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Operates retail store of food
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1966 |
| 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 - Corporación Favorita
| 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 |
Corporación Favorita Comparisons
Competitors of Corporación Favorita
Corporación Favorita 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 RoadRunner, EPS Group, DI Environnement, GEOTOM and RTS Waste Management, 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 |
Recycling and waste management services are provided to commercial clients.
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| domain | founded_year | HQ Location |
Offers engineering, planning, and surveying services to clients in multiple states.
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| domain | founded_year | HQ Location |
Decontamination and waste management services are provided across France.
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| domain | founded_year | HQ Location |
Offers efficient waste removal for domestic and commercial clients in the UK.
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| domain | founded_year | HQ Location |
Offers waste management solutions for construction, household, and commercial sectors.
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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 Corporación Favorita
Frequently Asked Questions about Corporación Favorita
When was Corporación Favorita founded?
Corporación Favorita was founded in 1957 and raised its 1st funding round 62 years after it was founded.
Where is Corporación Favorita located?
Corporación Favorita is headquartered in Ecuador. It is registered at Pichincha, Ecuador.
What does Corporación Favorita do?
Corporación Favorita was established in 1957 in Pichincha, Ecuador, where waste management operations have been conducted since inception. Services encompass collection, processing, and disposal of waste materials for municipal and industrial clients. The company operates primarily within the environmental services sector, focusing on sustainable waste handling practices. Geographic activities are centered in Ecuador, with domain corporacionfavorita.com supporting online presence and client engagement.
Who are the top competitors of Corporación Favorita?
Corporación Favorita's top competitors include RoadRunner, DI Environnement and EPS Group.
What products or services does Corporación Favorita offer?
Corporación Favorita offers Supermaxi, Möblart, MAXIplus, and AKÍmóvil.
How many acquisitions has Corporación Favorita made?
Corporación Favorita has made 3 acquisitions, including Hanaska, Supermercados Rey, and gruporey.com.pa.
Who are Corporación Favorita's investors?
Corporación Favorita has 2 investors. Key investors include Inter-American Development Bank, and IDB Invest.