About Joyrun
Joyrun is a company based in Santa Clara (United States) founded in 2015 was acquired by Walmart in February 2021.. Joyrun has raised $8.5 million across 1 funding round from investors including Walmart, Floodgate and Visionnaire Ventures. The company has 21 employees as of December 31, 2022. Joyrun has completed 1 acquisition, including EnvoyNow. Joyrun operates in a competitive market with competitors including DoorDash, Grubhub, Postmates, Wonder and Just Eat Takeaway, among others.
- Headquarter Santa Clara, United States
- Employees 21 as on 31 Dec, 2022
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Sectors
Consumer
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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 Joyrun Inc.
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Funding Insights of Joyrun
Joyrun has successfully raised a total of $8.5M through 1 strategic funding round. The most recent funding activity was a Series A round of $8.5 million completed in March 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.
- Total Funding Total Funding
- Total Rounds 1
- Last Round Series A — $8.5M
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First Round
First Round
(28 Mar 2017)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2017 | Amount | Series A - Joyrun | Valuation | Floodgate |
| 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 Joyrun
Joyrun has secured backing from 6 investors, including venture fund and institutional investors. Prominent investors backing the company include Walmart, Floodgate and Visionnaire Ventures. 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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Early-stage investments are focused on by Floodgate in US startups.
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Founded Year | Domain | Location | |
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Global tech startups are invested in stage-agnostically by Visionnaire Ventures.
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Founded Year | Domain | Location | |
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US based VC firm investing in seed stage
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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 Joyrun
Joyrun has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include EnvoyNow. 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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On-demand food delivery is provided to college students via app.
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2014 |
| 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 - Joyrun
| 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 |
Joyrun Comparisons
Competitors of Joyrun
Joyrun 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 DoorDash, Grubhub, Postmates, Wonder and Just Eat Takeaway, 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 |
Food and grocery deliveries are facilitated through an app-based platform.
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| domain | founded_year | HQ Location |
Online platform offering food ordering and delivery services
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| domain | founded_year | HQ Location |
Online platform providing on-demand hyperlocal delivery services
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| domain | founded_year | HQ Location |
Food ordering and delivery are facilitated via an online platform.
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| domain | founded_year | HQ Location |
Food delivery services are provided via an online platform.
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| domain | founded_year | HQ Location |
Food delivery is facilitated via online and mobile platforms.
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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 Joyrun
Frequently Asked Questions about Joyrun
When was Joyrun founded?
Joyrun was founded in 2015 and raised its 1st funding round 2 years after it was founded.
Where is Joyrun located?
Joyrun is headquartered in Santa Clara, United States. It is registered at Santa Clara, California, United States.
Is Joyrun a funded company?
Joyrun is a funded company, having raised a total of $8.5M across 1 funding round to date. The company's 1st funding round was a Series A of $8.5M, raised on Mar 28, 2017.
How many employees does Joyrun have?
As of Dec 31, 2022, the latest employee count at Joyrun is 21.
What does Joyrun do?
Joyrun was founded in 2015 in Santa Clara, United States, as an online platform in the food delivery sector. Group ordering of food by students is facilitated, with delivery handled by registered users serving as runners. Mobile payments are supported for transactions that include food costs and delivery fees. Delivery fees are credited directly to runners accounts by the company, supporting peer-to-peer operations within student communities.
Who are the top competitors of Joyrun?
How many acquisitions has Joyrun made?
Joyrun has made 1 acquisition, including EnvoyNow.
Who are Joyrun's investors?
Joyrun has 6 investors. Key investors include Walmart, Floodgate, Visionnaire Ventures, Morado Ventures, and TriplePoint Capital.