About Foodbomb
Foodbomb is a company based in Surry Hills (Australia) founded in 2006 was acquired by Ordermentum in September 2023.. Foodbomb has raised $5.49 million across 2 funding rounds from investors including Ordermentum, EVP and Athletic Ventures. Foodbomb offers products and services including Foodbomb Marketplace, Ordering Management System, and Xero Integration. Foodbomb operates in a competitive market with competitors including Liven, LimeTray, Tridge, Food Market Hub and Consentio, among others.
- Headquarter Surry Hills, Australia
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Sectors
ConsumerRetail Agriculture
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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 Foodbomb Pty Ltd
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$5.49 M (USD)
in 2 rounds
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Latest Funding Round
$4.5 M (USD), Series A
Aug 04, 2021
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Investors
Ordermentum
& 5 more
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Employee Count
Employee Count
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Acquired by
Ordermentum
(Sep 20, 2023)
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Products & Services of Foodbomb
Foodbomb offers a comprehensive portfolio of products and services, including Foodbomb Marketplace, Ordering Management System, and Xero Integration. 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.
Online system for wholesale food ordering and supplier discovery
Platform for invoice reconciliation and operational insights
Tool for streamlining financial tracking and reporting
Unlock access to complete
Funding Insights of Foodbomb
Foodbomb has successfully raised a total of $5.49M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $4.5 million completed in August 2021. 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 A — $4.5M
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First Round
First Round
(08 Apr 2019)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2021 | Amount | Series A - Foodbomb | Valuation | Aura Ventures | |
| Apr, 2019 | Amount | Seed - Foodbomb | Valuation | EVP |
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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 Foodbomb
Foodbomb has secured backing from 6 investors, including venture fund and institutional investors. Prominent investors backing the company include Ordermentum, EVP and Athletic Ventures. 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 venture capital investments are provided by EVP.
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Founded Year | Domain | Location | |
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Athletic Ventures is formed by elite athletes investing in innovative companies.
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Founded Year | Domain | Location | |
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Offers advisory services for M&A, capital raising, and strategy to high-growth tech firms.
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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 Foodbomb
| 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 - Foodbomb
| 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 |
Foodbomb Comparisons
Competitors of Foodbomb
Foodbomb 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 Liven, LimeTray, Tridge, Food Market Hub and Consentio, 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 |
Software suite solutions for restaurant operations and management are provided.
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| domain | founded_year | HQ Location |
Restaurant management and marketing software suite is provided for businesses.
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| domain | founded_year | HQ Location |
Farm products are traded via an online B2B marketplace.
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| domain | founded_year | HQ Location |
Cloud-based inventory management solutions are provided for restaurants.
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| domain | founded_year | HQ Location |
App-based B2B marketplace for fruits and vegetables is operated.
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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 Foodbomb
Frequently Asked Questions about Foodbomb
When was Foodbomb founded?
Foodbomb was founded in 2006 and raised its 1st funding round 13 years after it was founded.
Where is Foodbomb located?
Foodbomb is headquartered in Surry Hills, Australia. It is registered at Surry Hills, New South Wales, Australia.
Is Foodbomb a funded company?
Foodbomb is a funded company, having raised a total of $5.49M across 2 funding rounds to date. The company's 1st funding round was a Seed of $994.28K, raised on Apr 08, 2019.
What does Foodbomb do?
Foodbomb was founded in 2006 in Surry Hills, Australia, as an online platform in the food sourcing sector. Restaurants and food businesses are enabled to register and compare products and prices from suppliers of meat, seafood, fruits, vegetables, dry goods, bakery items, dairy, and small goods. Custom suppliers can be added by users, with delivery services provided for selected items.
Who are the top competitors of Foodbomb?
What products or services does Foodbomb offer?
Foodbomb offers Foodbomb Marketplace, Ordering Management System, and Xero Integration.
Who are Foodbomb's investors?
Foodbomb has 6 investors. Key investors include Ordermentum, EVP, Athletic Ventures, Platform Advisory Partners, and Tahmedia.