About GROCART
GROCART was established in 2020 in Dubai, United Arab Emirates, within the wholesale food and grocery sector. Services encompassing distribution and supply of food and grocery products are offered to businesses. Operations are centered in the UAE, supporting regional wholesale needs. The company was founded by Hussein M Hosni, with Nesma Zaghow serving as co-founder. Focus remains on efficient supply chain solutions for the local market.
- Headquarter Dubai, United Arab Emirates
- Founders Nesma Zaghow, Hussein M Hosni
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Sectors
Consumer
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Email
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Phone
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Website
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Social
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Funding Insights of GROCART
- Total Funding Total Funding
- Total Rounds 1
- Last Round Last Round
- First Round First Round
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2020 | Amount | Grant - GROCART | 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 GROCART
GROCART has secured backing from 3 investors, including venture fund and institutional investors. Prominent investors backing the company include InstaShop, Sheraa and Crescent Enterprises. 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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Incubator firm for seed & series A startups
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Founded Year | Domain | Location | |
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Services across port management, logistics, aviation and procurement and construction industry
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Founded Year | Domain | Location | |
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Multi-category grocery products are sold via an online platform.
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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 GROCART
| 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 - GROCART
| 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 |
Grocart Comparisons
Competitors of GROCART
| 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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Frequently Asked Questions about GROCART
When was GROCART founded?
GROCART was founded in 2020.
Where is GROCART located?
GROCART is headquartered in Dubai, United Arab Emirates. It is registered at Dubai, Dubai, United Arab Emirates.
What does GROCART do?
GROCART was established in 2020 in Dubai, United Arab Emirates, within the wholesale food and grocery sector. Services encompassing distribution and supply of food and grocery products are offered to businesses. Operations are centered in the UAE, supporting regional wholesale needs. The company was founded by Hussein M Hosni, with Nesma Zaghow serving as co-founder. Focus remains on efficient supply chain solutions for the local market.
Who are GROCART's investors?
GROCART has 3 investors. Key investors include InstaShop, Sheraa, and Crescent Enterprises.