About ETG
ETG is a company based in Moka (Mauritius) founded in 1967. It operates as a Reseller / Distribution, B2B2C, and AgriTech Models. ETG has raised $316.5 million across 11 funding rounds from investors including The Carlyle Group, Affirma Capital and Afreximbank. ETG offers products and services including Agri Inputs & Chemicals, Pulses, Nutrisco, ETG Commodities, and ETG Logistics.
- Headquarter Moka, Mauritius
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Sectors
AgricultureConsumer Transportation, Automotive & Logistics
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Etc Group
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Annual Revenue
$28.37 M (USD)0as on Dec 31, 2022
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Net Profit
$-4.21 M (USD)0as on Dec 31, 2022
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EBITDA
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Total Equity Funding
$316.5 M (USD)
in 11 rounds
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Latest Funding Round
$40 M (USD), Debt – Conventional
Nov 22, 2024
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Investors
The Carlyle Group
& 11 more
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Employee Count
Employee Count
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Products & Services of ETG
ETG offers a comprehensive portfolio of products and services, including Agri Inputs & Chemicals, Pulses, Nutrisco, ETG Commodities, and ETG Logistics. 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.
Agricultural inputs like fertilizers and seeds are provided.
Plant-based food products and pulses are traded globally.
Sustainable food ingredients like nuts and rice are offered.
Diverse commodities in agriculture and energy are traded.
End-to-end logistics including transport and warehousing are provided.
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Funding Insights of ETG
ETG has successfully raised a total of $316.5M across 11 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $40 million completed in November 2024. 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 11
- Last Round Debt – Conventional — $40.0M
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First Round
First Round
(01 Oct 2009)
- Investors Count 12
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2024 | Amount | Debt – Conventional - ETG | Valuation |
investors |
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| Nov, 2021 | Amount | Debt – Convertible - ETG | Valuation | Oikocredit , Symbiotics Group |
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| May, 2021 | Amount | Debt – Conventional - ETG | 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 ETG
ETG has secured backing from 12 investors, including institutional and venture fund investors. Prominent investors backing the company include The Carlyle Group, Affirma Capital and Afreximbank. 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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Private equity firm investing in multiple sectors
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Founded Year | Domain | Location | |
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Impact investing is managed through private equity by Symbiotics Group.
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Founded Year | Domain | Location | |
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Government agency focused on small and medium-sized businesses
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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 ETG
| 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 - ETG
| 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 |
Etg Comparisons
Competitors of ETG
| 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 Etg
Frequently Asked Questions about ETG
When was ETG founded?
ETG was founded in 1967 and raised its 1st funding round 42 years after it was founded.
Where is ETG located?
ETG is headquartered in Moka, Mauritius.
Is ETG a funded company?
ETG is a funded company, having raised a total of $316.5M across 11 funding rounds to date. The company's 1st funding round was a Debt – Conventional of $100M, raised on Oct 01, 2009.
What is the annual revenue of ETG?
Annual revenue of ETG is $28.37M as on Dec 31, 2022.
What does ETG do?
ETG is involved in a diverse range of industries including agricultural inputs, chemicals, food processing, logistics, commodities trading, and supply chain optimization. Operations are structured to focus on strategic growth across various verticals. Solutions are provided to farmers through innovative products like fertilizers, seeds, and agrochemicals. Food ingredients such as pulses, nuts, and rice are sourced sustainably. Logistics services encompassing transport, warehousing, and freight forwarding are offered globally. Sustainability and positive impact are prioritized through initiatives addressing social and environmental challenges.
What products or services does ETG offer?
ETG offers Agri Inputs & Chemicals, Pulses, Nutrisco, ETG Commodities, and ETG Logistics.
Who are ETG's investors?
ETG has 12 investors. Key investors include The Carlyle Group, Affirma Capital, Afreximbank, British International Investment, and OPEC Fund for International Development.