About Groupit
Groupit is a company based in Palo Alto (United States) founded in 2010 by Jonathan Beekman. It operates as a B2C. Groupit operates in a competitive market with competitors including BuyWithMe, GIST, BoomStreet, Buckete and Kalood, among others.
- Headquarter Palo Alto, United States
- Founders Jonathan Beekman
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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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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
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Investors
& 1 more
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Employee Count
Employee Count
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Funding Insights of Groupit
- 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 |
|---|---|---|---|---|---|
| Nov, 2010 | Amount | Angel Round - Groupit | 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 Groupit
Groupit has secured backing from 2 investors, including angel investors. Prominent investors backing the company include Jose Marin and Fabrice Grinda. 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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JM
Jose Marin |
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Founded Year | Domain | Location |
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FG
Fabrice Grinda |
French entrepreneur, angel investor, co-founder of OLX, active in Indian startups
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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 Groupit
| 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 - Groupit
| 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 |
Groupit Comparisons
Competitors of Groupit
Groupit 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 BuyWithMe, GIST, BoomStreet, Buckete and Kalood, 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 |
Daily deals and group buying website
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| domain | founded_year | HQ Location |
Purchases are shared among friends through an iOS social app.
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| domain | founded_year | HQ Location |
Multi-category daily deals are offered through local business partnerships.
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| domain | founded_year | HQ Location |
Group buying & reverse auction marketplace
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| domain | founded_year | HQ Location |
Operates as an online platform for crowd-based shopping experiences.
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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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Frequently Asked Questions about Groupit
When was Groupit founded?
Groupit was founded in 2010.
Where is Groupit located?
Groupit is headquartered in Palo Alto, United States. It is registered at Palo Alto, California, United States.
Who is the current CEO of Groupit?
Jonathan Beekman is the current CEO of Groupit. They have also founded this company.
What does Groupit do?
Groupit, founded in 2010 in Palo Alto, United States, focuses on operating online marketplaces, engaging in retail operations, group buying, and online platforms. Operates a group-buying platform to connect consumers for discounted purchases. The company is dedicated to excellence, innovation, and customer satisfaction, ensuring sustainable practices and long-term success in its sectors.
Who are the top competitors of Groupit?
Who are Groupit's investors?
Groupit has 2 investors. Key investors include Jose Marin, and Fabrice Grinda.
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