About Deem
Deem is a company based in San Francisco (United States) founded in 2000 was acquired by Travelport in March 2023.. Deem has raised $668.37 million across 15 funding rounds from investors including Citi, JPMorgan Chase and Travelport. The company has 1 employees as of April 08, 2024. Deem has completed 5 acquisitions, including Ground Travel, HomeRun and Ketera Technologies. Deem offers products and services including Deem, Deem Go, Etta, Etta Go, and Deem Ground. Deem operates in a competitive market with competitors including TravelPerk, Egencia, Tripeur, Spotnana and Lanes & Planes, among others.
- Headquarter San Francisco, United States
- Employees 1 as on 08 Apr, 2024
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Sectors
Travel & Hospitality
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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 Enterprise Fleet Management India Private Limited
- Date of Incorporation 10 Jun, 2004
- Jurisdiction Bangalore North, Karnataka, India
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Annual Revenue
$2.25 M (USD)2.58as on Mar 31, 2023
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Net Profit
$45.96 K (USD)-81.51as on Mar 31, 2023
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EBITDA
$570.67 K (USD)24.48as on Mar 31, 2023
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Total Equity Funding
$668.37 M (USD)
in 15 rounds
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Latest Funding Round
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Investors
Citi
& 8 more
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Employee Count
1
as on Apr 08, 2024
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Investments & Acquisitions
Ground Travel
& 4 more
- Acquired by
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Products & Services of Deem
Deem offers a comprehensive portfolio of products and services, including Deem, Deem Go, Etta, Etta Go, and Deem Ground. 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.
Full-service cloud platform for managing travel in large companies.
Self-onboarding platform for small to medium-sized companies.
Customizable platform with sustainability features for enterprises.
Ready-to-use platform for smaller companies with travel tools.
End-to-end platform for booking and managing corporate ground travel.
Unlock access to complete
Funding Insights of Deem
Deem has successfully raised a total of $668.37M across 15 strategic funding rounds. 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 15
- Last Round Last Round
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First Round
First Round
(13 Jul 2005)
- Investors Count 8
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2016 | Amount | Series F - Deem | Valuation | Enterprise Holdings |
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| Apr, 2016 | Amount | Series F - Deem | Valuation | PointGuard Ventures | |
| Jun, 2014 | Amount | Series F - Deem | Valuation | PointGuard Ventures |
| 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 Deem
Deem has secured backing from 9 investors, including institutional and venture fund investors. Prominent investors backing the company include Citi, JPMorgan Chase and Travelport. 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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Early-stage technology investments are made by PointGuard Ventures.
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Founded Year | Domain | Location | |
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Diversified investments are managed across private equity and real estate.
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Founded Year | Domain | Location | |
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Venture capital investments are directed toward multiple sectors.
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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 Deem
Deem has strategically engaged in corporate development activities, having acquired 5 companies. Notable acquisitions include Ground Travel, HomeRun and Ketera Technologies. 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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Property searches and conveyancing reports are provided for legal professionals.
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2012 | ||||
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On-Demand Black Car Service
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2011 | ||||
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Local deals are delivered via a members-only online buying club.
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2009 |
| 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 - Deem
| 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 |
Deem Comparisons
Competitors of Deem
Deem 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 TravelPerk, Egencia, Tripeur, Spotnana and Lanes & Planes, 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 |
SaaS-driven corporate travel management & booking engine platform
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| domain | founded_year | HQ Location |
Corporate travel solutions are offered to business travelers worldwide.
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| domain | founded_year | HQ Location |
AI and cloud-driven corporate travel management solutions are provided.
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| domain | founded_year | HQ Location |
SaaS API-based travel ecosystem and management solutions are offered.
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| domain | founded_year | HQ Location |
SaaS travel management is offered for business travelers' bookings.
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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 Deem
Frequently Asked Questions about Deem
When was Deem founded?
Deem was founded in 2000 and raised its 1st funding round 5 years after it was founded.
Where is Deem located?
Deem is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Is Deem a funded company?
Deem is a funded company, having raised a total of $668.37M across 15 funding rounds to date. The company's 1st funding round was a Series F of $50M, raised on Jul 13, 2005.
How many employees does Deem have?
As of Apr 08, 2024, the latest employee count at Deem is 1.
What is the annual revenue of Deem?
Annual revenue of Deem is $2.25M as on Mar 31, 2023.
What does Deem do?
Deem was founded in 2000 and is based in San Francisco, United States, operating in the corporate travel management sector. API integrations with travel company websites are utilized to facilitate bookings, ticket exchanges, PNR edits, expense tracking, program customizations for managers, reservations, procurement, cost reductions for flights and accommodations, and TripAdvisor review incorporations. Clients such as Dornier MedTech America and VeriChek Technical Services are served.
Who are the top competitors of Deem?
Deem's top competitors include TravelPerk, Egencia and Lanes & Planes.
What products or services does Deem offer?
Deem offers Deem, Deem Go, Etta, Etta Go, and Deem Ground.
How many acquisitions has Deem made?
Deem has made 5 acquisitions, including Ground Travel, HomeRun, and Ketera Technologies.
Who are Deem's investors?
Deem has 9 investors. Key investors include Citi, JPMorgan Chase, Travelport, Foundation Capital, and Enterprise Mobility.
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