About ITAB
ITAB is a company based in Jonkoping (Sweden) founded in 1978.. ITAB has completed 5 acquisitions, including HMY Group, JPD and La Fortezza. ITAB offers products and services including Retail Technology, Retail Lighting, Retail Interior, and Retail Services. ITAB operates in a competitive market with competitors including Square, SpotOn, Clover, ShopKeep and Zettle, among others.
- Headquarter Jonkoping, Sweden
- Stage Public
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Sectors
Retail
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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 Nordic Light India Private Limited
- Date of Incorporation 17 Jan, 2014
- Jurisdiction Bangalore South, Karnataka, India
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Annual Revenue
$529.1 K (USD)489.48as on Mar 31, 2023
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Net Profit
$43.34 K (USD)169.07as on Mar 31, 2023
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EBITDA
$65.12 K (USD)256.66as on Mar 31, 2023
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Latest Funding Round
$235.3 K (USD), Grant
Jan 30, 2023
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Investors
European Union
& 1 more
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Employee Count
Employee Count
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Investments & Acquisitions
HMY Group
& 4 more
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Products & Services of ITAB
ITAB offers a comprehensive portfolio of products and services, including Retail Technology, Retail Lighting, Retail Interior, 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.
Provides tech for enhancing retail store environments.
Offers lighting to improve store visibility and experience.
Delivers interior solutions for retail spaces.
Includes operational and design support for retailers.
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Funding Insights of ITAB
- Total Funding Total Funding
- Total Rounds 2
- Last Round Grant — $235,303
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First Round
First Round
(01 Jan 2017)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2023 | Amount | Grant - ITAB | Valuation |
investors |
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| Jan, 2017 | Amount | Grant - ITAB | 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 ITAB
ITAB has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include European Union and Portál veřejné správy. 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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Government entites focused on freedom, democracy, equality and the rule of law, promoting peace and stability
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Founded Year | Domain | Location | |
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A digital platform for public administration services in Czech Republic.
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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 ITAB
ITAB has strategically engaged in corporate development activities, having acquired 5 companies. Notable acquisitions include HMY Group, JPD and La Fortezza. 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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JPD was established in 2008 and is based in Latvia.
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2008 | ||||
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Retailer of food, pharma, beauty, and electronic products
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2002 | ||||
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Print and publishing services are offered to clients in Norway.
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2000 |
| 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 - ITAB
| 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 |
Itab Comparisons
Competitors of ITAB
ITAB 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 Square, SpotOn, Clover, ShopKeep and Zettle, 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 |
POS solutions are provided for retail businesses.
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| domain | founded_year | HQ Location |
Provider of cloud-based POS software solutions for businesses and service providers
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| domain | founded_year | HQ Location |
Cloud-based mPOS system for small business operations is offered.
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| domain | founded_year | HQ Location |
Cloud-based point-of-sale software is provided for retailers and restaurants.
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| domain | founded_year | HQ Location |
Payment processing solutions are offered to merchants and businesses.
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| domain | founded_year | HQ Location |
White-label payment gateways are built for global e-commerce transactions.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| 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 Itab
Frequently Asked Questions about ITAB
When was ITAB founded?
ITAB was founded in 1978 and raised its 1st funding round 39 years after it was founded.
Where is ITAB located?
ITAB is headquartered in Jonkoping, Sweden. It is registered at Jonkoping, Jonkoping County, Sweden.
Who is the current CEO of ITAB?
Andreas Elgaard is the current CEO of ITAB.
What is the annual revenue of ITAB?
Annual revenue of ITAB is $529.1K as on Mar 31, 2023.
What does ITAB do?
ITAB was founded in 1978 in Jönköping, Sweden, and operates as a provider of self-checkout solutions within the retail technology sector. Retail businesses are supported through hardware, software, and integrated systems that facilitate customer interactions and streamline operations. An ecosystem of partners is utilized to translate brand experiences into physical store environments. Services are extended globally, with a focus on efficiency and scalability for various retail formats.
What products or services does ITAB offer?
ITAB offers Retail Technology, Retail Lighting, Retail Interior, and Retail Services.
How many acquisitions has ITAB made?
ITAB has made 5 acquisitions, including HMY Group, JPD, and La Fortezza.
Who are ITAB's investors?
ITAB has 2 investors. Key investors include European Union, and Portál veřejné správy.
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