About Grupo Elektra
Grupo Elektra is a company based in Mexico City (Mexico) founded in 1950 by Hugo Salinas Price. It operates as a Professional Services, and Direct-to-Consumer (D2C). Grupo Elektra has completed 1 acquisition, including Advance America. Grupo Elektra offers products and services including Financial Services and Retail Services. Grupo Elektra operates in a competitive market with competitors including AlphaCredit, Greensill, GE Capital, Bancomext and Credito Real, among others.
- Headquarter Mexico City, Mexico
- Founders Hugo Salinas Price
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Sectors
Financial Services
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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 Grupo Elektra
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Annual Revenue
$9.7 B (USD)9.98as on Dec 31, 2024
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Net Profit
$-537.52 M (USD)-286.1as on Dec 31, 2024
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EBITDA
$670.09 M (USD)-57.42as on Dec 31, 2024
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Latest Funding Round
$278 M (USD), Debt – Conventional
May 26, 2018
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Investors
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Employee Count
Employee Count
- Investments & Acquisitions
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Products & Services of Grupo Elektra
Grupo Elektra offers a comprehensive portfolio of products and services, including Financial Services and Retail Services. 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.
Financial solutions are provided through Banco Azteca subsidiaries.
Specialized retail is offered through Italika store divisions.
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Funding Insights of Grupo Elektra
- Total Funding Total Funding
- Total Rounds 1
- Last Round Debt – Conventional — $278.0M
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First Round
First Round
(26 May 2018)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| May, 2018 | Amount | Debt – Conventional - Grupo Elektra | Valuation |
investors |
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| 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 |
Investments & Acquisitions by Grupo Elektra
Grupo Elektra has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Advance America. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| 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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Online platform for consumer loans
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1997 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Grupo Elektra
| 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 |
Grupo Elektra Comparisons
Competitors of Grupo Elektra
Grupo Elektra 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 AlphaCredit, Greensill, GE Capital, Bancomext and Credito Real, 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 |
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| domain | founded_year | HQ Location |
Consumer and business loans are provided to individuals and enterprises.
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| domain | founded_year | HQ Location |
Working capital loans are provided through financial market mechanisms.
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| domain | founded_year | HQ Location |
Commercial aircraft and equipment leasing and lending services are provided.
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| domain | founded_year | HQ Location |
Loans are extended to small and medium-sized enterprises.
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| domain | founded_year | HQ Location |
Diversified non-banking financial services are provided in Mexico.
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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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Latest news on Grupo Elektra
Frequently Asked Questions about Grupo Elektra
When was Grupo Elektra founded?
Grupo Elektra was founded in 1950 and raised its 1st funding round 68 years after it was founded.
Where is Grupo Elektra located?
Grupo Elektra is headquartered in Mexico City, Mexico.
Who is the current CEO of Grupo Elektra?
Fabrice Deceliere Marquez is the current CEO of Grupo Elektra.
What is the annual revenue of Grupo Elektra?
Annual revenue of Grupo Elektra is $9.7B as on Dec 31, 2024.
What does Grupo Elektra do?
Grupo Elektra is established as a prominent provider of financial services and specialized commerce in Latin America. Operations are conducted through divisions like Banco Azteca for financial solutions and Italika stores for retail. The company is also noted as the largest provider of short-term non-banking loans in the United States. A sophisticated distribution network is maintained, supported by advanced technology and robust administrative practices. Sectors served include banking, insurance, pensions, and consumer retail. Sustainability initiatives are integrated into corporate strategies, alongside efforts to address climate change through Fundación Azteca.
Who are the top competitors of Grupo Elektra?
Grupo Elektra's top competitors include Greensill, GE Capital and Bancomext.
What products or services does Grupo Elektra offer?
Grupo Elektra offers Financial Services and Retail Services.
How many acquisitions has Grupo Elektra made?
Grupo Elektra has made 1 acquisition, including Advance America.