About iKaaz
iKaaz is a company based in Bengaluru (India) founded in 2012 was acquired by Grab in January 2018. iKaaz has raised $587.58 thousand across 2 funding rounds from investors including Grab, Rakesh Desai and Shipi Kedia. iKaaz offers products and services including GrabFood, GrabMart, GrabExpress, and Rides. iKaaz operates in a competitive market with competitors including Ezetap, Presto, Mswipe, ITAB and Innoviti, among others.
- Headquarter Bengaluru, India
- Stage Minicorn
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Sectors
RetailFinancial Services
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Email
Locked
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Phone
Locked
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Website
Locked
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Social
Locked
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Annual Revenue
$130.31 K (USD)-59as on Mar 31, 2021
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Net Profit
-$62.86 K (USD)-189as on Mar 31, 2021
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EBITDA
-$62.12 K (USD)-165as on Mar 31, 2021
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Total Equity Funding
$587.58 K (USD)
in 2 rounds
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Latest Funding Round
$587.58 K (USD), Angel Round
Jun 02, 2017
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Investors
Grab
& 5 more
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Employee Count
Not available
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Acquired by
Grab
(Jan 17, 2018)
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Products & Services of iKaaz
iKaaz offers a comprehensive portfolio of products and services, including GrabFood, GrabMart, GrabExpress, and Rides.
App for ordering and delivering meals from restaurants
Platform for online grocery shopping and fast delivery
Service for sending packages and documents quickly
App-based system for booking vehicle rides
Funding Insights of iKaaz
iKaaz has successfully raised a total of $587.58K across 2 strategic funding rounds. The most recent funding activity was a Angel Round of $587.58 thousand completed in June 2017. 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.
Investors in iKaaz
iKaaz has secured backing from 6 investors, including angel and institutional investors. Prominent investors backing the company include Grab, Rakesh Desai and Shipi Kedia.
| Investor | Description | Founded Year | Domain | Location |
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Ride-hailing and on-demand delivery services are aggregated via mobile app.
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RD
Rakesh Desai |
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SK
Shipi Kedia |
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Investor details for iKaaz
Investor domains, locations, round participation, and complete history require an active premium plan.
- Investor domains
- Investor locations
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Verified entity values are shown only after access is granted.
Investments & Acquisitions by iKaaz
Investment portfolio details for iKaaz
Portfolio company identities, transaction dates, round details, and investment values require an active premium plan.
- Portfolio identities
- Transaction dates
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Financial Statements - iKaaz
Detailed financials for iKaaz
Historical revenue, profit, statement rows, ratios, and trend charts require an active premium plan.
- Historical revenue
- Profit trends
- Statement rows
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Ikaaz Comparisons
Peer comparison for iKaaz
Named peer metrics, headcount, funding, location, and side-by-side benchmarks require an active premium plan.
- Named peers
- Headcount comparison
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- Operating benchmarks
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Competitors of iKaaz
iKaaz 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 Ezetap, Presto, Mswipe, ITAB and Innoviti, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Cloud-based mPOS software and hardware solutions are provided for businesses.
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Drive-through automation solutions for restaurants are provided using AI.
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Point-of-sale machines, soundboxes, and merchant payment solutions are offered.
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Self-checkout solutions are provided for retail businesses worldwide.
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Integrated online and offline payment solutions are provided for businesses.
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App-based self-checkout is enabled for offline retail stores.
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Detailed competitors of iKaaz
Competitor domains, locations, full profiles, and operating metrics require an active premium plan.
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- Full company profiles
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Verified entity values are shown only after access is granted.
Latest news on Ikaaz
Complete news archive for iKaaz
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- Full article archive
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Frequently Asked Questions about iKaaz
iKaaz was founded in 2012 and raised its 1st funding round 2 years after it was founded.
iKaaz is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
iKaaz is a funded company, having raised a total of $587.58K across 2 funding rounds to date.
Annual revenue of iKaaz is $130.31K as on Mar 31, 2021.
iKaaz was founded in 2012 in Bengaluru, India, and operates in the mobile payments sector. A platform is offered to enterprises, business correspondents, and merchants in developed and emerging markets. Cashless transactions are enabled through a product suite focused on speed, security, and affordability. Operations support extensions of digital payment services to customers across these regions.
iKaaz offers GrabFood, GrabMart, GrabExpress, and Rides.
iKaaz has 6 investors. Key investors include Grab, Rakesh Desai, Shipi Kedia, Rakesh Desai, and Ananda Kallugadde.
The valuation of iKaaz is $1.86M as of Jun 2017.