Ikano Group

Malmo, Sweden Founded: 1988 • Age: 38 yrs Acquired By Ingka
Commercial bank
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About Ikano Group

Ikano Group is a company based in Malmo (Sweden) founded in 1988 was acquired by Ingka in October 2024.. Ikano Group offers products and services including IKEA Retail Services, Insurance Services, and Data Analytics Services. Ikano Group operates in a competitive market with competitors including Nordea, Swedbank, Scotiabank, Bank of America and SEB, among others.

  • Headquarter Malmo, Sweden
  • Sectors
    Financial Services
  • Email
    ***********
  • Phone
    *********
  • Website
    *********
  • Social
    *********
  • Legal Name Ikano (Thailand) Company Limited
Operational Areas
Financial Services → Banking & Financial Institutions
Key Metrics
  • Annual Revenue
    $195.27 M (USD)
    21
    as on Dec 31, 2022
  • Net Profit
    $5.18 M (USD)
    -55
    as on Dec 31, 2022
  • EBITDA
    $10.7 M (USD)
    -44
    as on Dec 31, 2022
  • Latest Funding Round
  • Investors
  • Employee Count
    Employee Count
  • Acquired by
    Ingka

    (Oct 17, 2024)

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Products & Services of Ikano Group

Ikano Group offers a comprehensive portfolio of products and services, including IKEA Retail Services, Insurance Services, and Data Analytics 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.

Primary

Provides home furnishings through IKEA stores worldwide

Offers insurance solutions for individuals and businesses

Delivers insights through data analytics in various markets

People of Ikano Group
Headcount 5000-10000
Employee Profiles 18
Employee Profiles
People
Yohann Adolphe
Group Chief Financial Officer
People
Malin Sennevall
Communications Specialist
People
Amélie Biordi
Executive PA & HR Officer
People
Francesco Simone Blasi
Head Of Asset Management

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Funding Insights of Ikano Group

  • Total Funding
  • Total Rounds 1
  • Last Round
  • First Round
  • Investors Count 1
Date Amount Transaction Name Valuation Lead Investors Investors
Feb, 2021 Amount Unspecified - Ikano Group Valuation Ingka
Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Jan, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Investors in Ikano Group

Ikano Group has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Ingka. 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.

All
Institutional
Investor Description Founded Year Domain Location
Multiple industries are managed by Ingka group from the Netherlands.
Founded Year Domain Location
Investor Description Founded Year Domain Location
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
Founded Year Domain Location
Startup ecosystems are ignited through strategic investments by Signite Partners.
Founded Year Domain Location
Venture capital is directed toward companies in multiple sectors.
Founded Year Domain Location
Venture capital is invested in cybersecurity, fintech, and AI startups.
Founded Year Domain Location

Investments & Acquisitions by Ikano Group

Investments
Company Name Description Domain Location Founded Year Amount
Bionic investment advisor platform
2016
Fine Asian gourmet food is offered by an internet-first restaurant.
2016
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
2014
Fine Asian gourmet food is offered by an internet-first restaurant.
2016

Financial Statements - Ikano Group

Tata Steel revenue growth over time
Tata Steel profit and loss trends over time
Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Jan, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Ikano Group Comparisons

Employees
+
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Competitors of Ikano Group

Ikano Group 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 Nordea, Swedbank, Scotiabank, Bank of America and SEB, 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
Nordea is recognized as a leading Nordic universal bank.
domain founded_year HQ Location
Commercial banking services are offered to individuals and corporates.
domain founded_year HQ Location
Commercial banking services are provided internationally by Scotiabank.
domain founded_year HQ Location
Commercial banking and asset management services are offered worldwide.
domain founded_year HQ Location
SEB is recognized as a leading Nordic corporate bank.
domain founded_year HQ Location
Handelsbanken is recognized for personal and corporate banking services.
Company Name Domain Founded year HQ Location Description
domain founded_year HQ Location
Multiple services are booked via an app-based platform.
domain founded_year HQ Location
On-demand services are booked through an app-based platform.
domain founded_year HQ Location
App based platform offering on demand delivery and ride-hailing services
domain founded_year HQ Location
Operates an on-demand hyperlocal delivery app for food and groceries.

Latest news on Ikano Group

Frequently Asked Questions about Ikano Group

When was Ikano Group founded?

Ikano Group was founded in 1988 and raised its 1st funding round 33 years after it was founded.

Where is Ikano Group located?

Ikano Group is headquartered in Malmo, Sweden.

What is the annual revenue of Ikano Group?

Annual revenue of Ikano Group is $195.27M as on Dec 31, 2022.

What does Ikano Group do?

Ikano Group, founded in 1988 in Malmo, Sweden, focuses on offering financial products and advice, banks, and commercial banks. Commercial bank. 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 Ikano Group?

Ikano Group's top competitors include Scotiabank, Nordea and Swedbank.

What products or services does Ikano Group offer?

Ikano Group offers IKEA Retail Services, Insurance Services, and Data Analytics Services.

Who are Ikano Group's investors?

Ikano Group has 1 investor. Key investors include Ingka.

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