About Groot Hospitality
Groot Hospitality is a company based in Miami Beach (United States) founded in 2018 by David Grutman was acquired by Live Nation Entertainment in October 2019.. Groot Hospitality offers products and services including Event Booking, Gift Cards, and Nightlife Venues.
- Headquarter Miami Beach, United States
- Founders David Grutman
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Sectors
Travel & Hospitality
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Email
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Phone
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Website
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
- Investors
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Employee Count
Employee Count
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Acquired by
Live Nation Entertainment
(Oct 21, 2019)
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Products & Services of Groot Hospitality
Groot Hospitality offers a comprehensive portfolio of products and services, including Event Booking, Gift Cards, and Nightlife Venues. 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.
Service for booking private events and venues
Redeemable cards for hospitality and nightlife experiences
Access to nightlife spots and experiences
Funding Insights of Groot Hospitality
| 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 |
Investors in Groot Hospitality
Groot Hospitality has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Live Nation Entertainment. 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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Live entertainment events and ticketing services are managed worldwide.
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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 Groot Hospitality
| 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 - Groot Hospitality
| 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 |
Groot Hospitality Comparisons
Competitors of Groot Hospitality
| 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 Groot Hospitality
Frequently Asked Questions about Groot Hospitality
When was Groot Hospitality founded?
Groot Hospitality was founded in 2018.
Where is Groot Hospitality located?
Groot Hospitality is headquartered in Miami Beach, United States. It is registered at Miami Beach, Florida, United States.
Who is the current CEO of Groot Hospitality?
David Grutman is the current CEO of Groot Hospitality. They have also founded this company.
What does Groot Hospitality do?
Groot Hospitality was founded in 2018 and is based in Miami Beach, United States. Operations focus on the hospitality sector, where standalone hotels are managed. Services include hotel accommodations and related facilities. The company is led by David Grutman as founder and CEO. Activities are centered in the local geography to support hospitality needs.
What products or services does Groot Hospitality offer?
Groot Hospitality offers Event Booking, Gift Cards, and Nightlife Venues.
Who are Groot Hospitality's investors?
Groot Hospitality has 1 investor. Key investors include Live Nation Entertainment.