About Elo7
Elo7 is a company based in Sao Paulo (Brazil) founded in 2008 was acquired by enjoei in July 2023.. Elo7 has raised $18.01 million across 4 funding rounds from investors including Etsy, enjoei and Accel. Elo7 has completed 1 acquisition, including Bixti.com. Elo7 operates in a competitive market with competitors including Amazon, MercadoLibre, Submarino, Americanas and Brandsclub, among others.
- Headquarter Sao Paulo, Brazil
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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 Elo7
Elo7 has successfully raised a total of $18.01M across 4 strategic funding rounds. The most recent funding activity was a Series B round of $2.03 million completed in June 2020. 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 4
- Last Round Series B — $2.0M
- First Round First Round
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2020 | Amount | Series B - Elo7 | Valuation |
investors |
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| Oct, 2014 | Amount | Series B - Elo7 | Valuation |
investors |
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| Mar, 2012 | Amount | Series A - Elo7 | Valuation | Insight Partners |
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| 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 Elo7
Elo7 has secured backing from 5 investors, including venture fund and institutional investors. Prominent investors backing the company include Etsy, enjoei 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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Investment firm scaling software and technology companies from early to late stages.
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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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Sectors like ad tech, food tech, logistics, services are targeted.
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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 Elo7
Elo7 has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Bixti.com. 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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Limited information is available regarding Bixti.com's core activities.
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2010 |
| 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 - Elo7
| 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 |
Elo7 Comparisons
Competitors of Elo7
Elo7 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 Amazon, MercadoLibre, Submarino, Americanas and Brandsclub, 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 |
Multi-category products are offered through an online marketplace.
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| domain | founded_year | HQ Location |
Multi-category consumer products are sold via an online marketplace platform.
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| domain | founded_year | HQ Location |
Multi-category products are sold via an online retail platform.
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| domain | founded_year | HQ Location |
Operates an online marketplace offering a wide range of products across multiple categories.
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| domain | founded_year | HQ Location |
Online shopping platform using flash sales
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| domain | founded_year | HQ Location |
Multiple product categories are offered via an online marketplace.
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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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| 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 Elo7
Frequently Asked Questions about Elo7
When was Elo7 founded?
Elo7 was founded in 2008 and raised its 1st funding round 3 years after it was founded.
Where is Elo7 located?
Elo7 is headquartered in Sao Paulo, Brazil.
Who is the current CEO of Elo7?
Carlos Eduardo Curioni is the current CEO of Elo7.
Is Elo7 a funded company?
Elo7 is a funded company, having raised a total of $18.01M across 4 funding rounds to date. The company's 1st funding round was a Series A of $4.99M, raised on Oct 11, 2011.
What does Elo7 do?
Elo7 was founded in 2008 in Sao Paulo, Brazil. An online marketplace is operated within the e-commerce sector, focusing on handicraft items. A platform is maintained for buyers and sellers to connect. Offerings include bags, furniture, jewelry, and additional categories. Mobile applications are supported on iOS and Android for user access. Operations are centered in Brazil.
Who are the top competitors of Elo7?
Elo7's top competitors include Amazon, MercadoLibre and Submarino.
How many acquisitions has Elo7 made?
Elo7 has made 1 acquisition, including Bixti.com.
Who are Elo7's investors?
Elo7 has 5 investors. Key investors include Etsy, enjoei, Accel, Insight Partners, and Monashees.