About Discovery
Discovery is a company based in Johannesburg (South Africa) founded in 1992 by Adrian Gore. It operates as a Subscription Services, Commission-Based, and HealthTech. Discovery has completed 1 acquisition, including PruProtect. Discovery offers products and services including Discovery Health Medical Scheme, Discovery Bank, Discovery Life, Discovery Insure, and Discovery Invest. Discovery operates in a competitive market with competitors including RAC, Blue KC, Beazley, Prudential and First for Women, among others.
- Headquarter Johannesburg, South Africa
- Founders Adrian Gore
- Stage Public
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Sectors
Financial Services
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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 Discovery Ltd
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
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Investors
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Employee Count
Employee Count
- Investments & Acquisitions
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Products & Services of Discovery
Discovery offers a comprehensive portfolio of products and services, including Discovery Health Medical Scheme, Discovery Bank, Discovery Life, Discovery Insure, and Discovery Invest. 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.
Medical aid plans are offered for health coverage.
Banking services are provided with shared-value rewards.
Life insurance cover is provided for families.
Insurance for cars and homes is offered.
Investment plans are offered for wealth growth.
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Software Development Team
108 people
Finance and Accounting
72 people
Leadership Team
57 people
Product Management Team
35 people
Sales and Marketing
26 people
Creative and Marketing Team
19 people
Senior Team
19 people
Data Analysis and Operations Team
19 people
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Funding Insights of Discovery
| 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 |
Investments & Acquisitions by Discovery
Discovery has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include PruProtect. 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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Financing services are provided in the United Kingdom since 2007.
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2007 |
| 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 - Discovery
| 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 |
Discovery Comparisons
Competitors of Discovery
Discovery 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 RAC, Blue KC, Beazley, Prudential and First for Women, 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 |
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| domain | founded_year | HQ Location |
Vehicle parts and accessories are sold via an online platform.
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Provides health insurance plans for individuals, families, employers, and Medicare recipients.
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Specialist insurance and reinsurance are underwritten for clients worldwide.
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| domain | founded_year | HQ Location |
Financial services for pensions and investments are provided by Prudential.
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Car, home, and business insurance services are provided.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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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App based platform offering on demand delivery and ride-hailing services
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Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Discovery
Frequently Asked Questions about Discovery
When was Discovery founded?
Discovery was founded in 1992.
Where is Discovery located?
Discovery is headquartered in Johannesburg, South Africa. It is registered at Johannesburg, Gauteng, South Africa.
Who is the current CEO of Discovery?
Adrian Gore is the current CEO of Discovery. They have also founded this company.
What does Discovery do?
Discovery is involved in offering a range of financial and health-related services. Medical aid plans are provided through the Discovery Health Medical Scheme for individual and corporate clients. Banking services are delivered via Discovery Bank with a shared-value model. Life insurance, car, and home insurance are offered through Discovery Life and Discovery Insure respectively. Investment opportunities are facilitated through Discovery Invest for wealth growth. The Vitality program is integrated to promote healthier lifestyles with rewards. Services are primarily focused in South Africa, covering health, financial security, and lifestyle sectors.
Who are the top competitors of Discovery?
Discovery's top competitors include RAC, Beazley and Prudential.
What products or services does Discovery offer?
Discovery offers Discovery Health Medical Scheme, Discovery Bank, Discovery Life, Discovery Insure, and Discovery Invest.
How many acquisitions has Discovery made?
Discovery has made 1 acquisition, including PruProtect.
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