About Hoppit
Hoppit is a company based in New York (United States) founded in 2011 was acquired by XO Group in September 2013.. Hoppit has raised $500 thousand across 1 funding round from investors including XO Group. Hoppit operates in a competitive market with competitors including Yelp, Atmosfy, The Infatuation, Seek Recs and Beli, among others.
- Headquarter New York, United States
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Sectors
ConsumerTechnology
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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 Hoppit
Hoppit has successfully raised a total of $500K through 1 strategic funding round. The most recent funding activity was a Seed round of $500 thousand completed in July 2012. 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 1
- Last Round Seed — $500,000
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First Round
First Round
(01 Jul 2012)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2012 | Amount | Seed - Hoppit | Valuation |
investors |
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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 Hoppit
Hoppit has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include XO Group. 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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Media brands for couples' weddings and family planning are published.
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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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Startup ecosystems are ignited through strategic investments by Signite Partners.
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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 Hoppit
| 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 - Hoppit
| 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 |
Hoppit Comparisons
Competitors of Hoppit
Hoppit 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 Yelp, Atmosfy, The Infatuation, Seek Recs and Beli, 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 |
Platform for discovering and sharing local businesses
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| domain | founded_year | HQ Location |
Food discovery and review platform is provided through video recommendations.
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| domain | founded_year | HQ Location |
App-based platform for restaurant reviews
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| domain | founded_year | HQ Location |
Curated food recommendations from experts are delivered via mobile apps.
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| domain | founded_year | HQ Location |
App-based restaurant discovery platform
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| domain | founded_year | HQ Location |
Food-related content and recipes are offered via an online platform.
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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 Hoppit
When was Hoppit founded?
Hoppit was founded in 2011 and raised its 1st funding round 1 year after it was founded.
Where is Hoppit located?
Hoppit is headquartered in New York, United States. It is registered at New York, New York, United States.
Is Hoppit a funded company?
Hoppit is a funded company, having raised a total of $500K across 1 funding round to date. The company's 1st funding round was a Seed of $500K, raised on Jul 01, 2012.
What does Hoppit do?
Hoppit was founded in 2011 in New York, United States, as a local search engine within the restaurant and bar sector. Natural Language Processing is utilized alongside a proprietary database of high-resolution, location-based photos to identify venues by atmosphere. The platform is accessible on iPhone, Android, and web. APIs are provided to developers for repository access to restaurant photography and vibe data.
Who are the top competitors of Hoppit?
Hoppit's top competitors include Yelp, Atmosfy and The Infatuation.
Who are Hoppit's investors?
Hoppit has 1 investor. Key investors include XO Group.