About DealDey
DealDey is a company based in Lagos (Nigeria) founded in 2011 was acquired by Ringier in March 2016.. DealDey has raised $6 million across 2 funding rounds from investors including Ringier and Kinnevik. DealDey operates in a competitive market with competitors including Qualiet, Zowasel and UniSmart, among others.
- Headquarter Lagos, Nigeria
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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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Funding Insights of DealDey
DealDey has successfully raised a total of $6M across 2 strategic funding rounds. The most recent funding activity was a Series B round of $5 million completed in February 2015. 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 — $5.0M
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First Round
First Round
(01 Jun 2011)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2015 | Amount | Series B - DealDey | Valuation |
investors |
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| Jun, 2011 | Amount | Series A - DealDey | 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 DealDey
DealDey has secured backing from 2 investors, including venture fund and institutional investors. Prominent investors backing the company include Ringier and Kinnevik. 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 investments are directed toward multiple sectors by Kinnevik.
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Founded Year | Domain | Location | |
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Media brands, sports platforms, and digital marketplaces are operated.
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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 DealDey
| 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 - DealDey
| 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 |
Dealdey Comparisons
Competitors of DealDey
DealDey 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 Qualiet, Zowasel and UniSmart, 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 |
An online platform that offers reward points for multi-category products purchased from offline stores.
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| domain | founded_year | HQ Location |
Local deals are aggregated online for restaurants, spas, and products.
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| domain | founded_year | HQ Location |
Operates a digital hub offering multi-category deals for students.
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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 Dealdey
Frequently Asked Questions about DealDey
When was DealDey founded?
DealDey was founded in 2011.
Where is DealDey located?
DealDey is headquartered in Lagos, Nigeria. It is registered at Lagos, Lagos State, Nigeria.
Who is the current CEO of DealDey?
Kehinde Oriola is the current CEO of DealDey.
Is DealDey a funded company?
DealDey is a funded company, having raised a total of $6M across 2 funding rounds to date. The company's 1st funding round was a Series A of $1M, raised on Jun 01, 2011.
What does DealDey do?
DealDey was founded in 2011 and is headquartered in Lagos, Nigeria. The platform operates in the e-commerce sector, facilitating online and offline shopping through daily deals. Discounts are available on various categories, including food, travel, hotels, spas, professional courses, restaurants, fashion items, gadgets, mobile phones, and electronics. Users access quality products and services from Nigerian online stores at reduced prices.
Who are the top competitors of DealDey?
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