About Kitwave
Kitwave is a company based in North Shields (United Kingdom) founded in 1988 was acquired by One Equity Partners in January 2026. It operates as a Reseller / Distribution. Kitwave has completed 4 acquisitions, including Creed Foodservice, Total Foodservice and WestCountry. Kitwave offers products and services including Impulse Product Portfolio and Foodservice Solutions.
- Headquarter North Shields, United Kingdom
- Stage Public
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Sectors
Consumer
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Email
***********
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Phone
*********
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Website
*********
- Legal Name Kitwave Group Plc
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Annual Revenue
$831.51 M (USD)10.2as on Oct 31, 2024
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Net Profit
$20.95 M (USD)-11.81as on Oct 31, 2024
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EBITDA
$54.35 M (USD)8.47as on Oct 31, 2024
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Latest Funding Round
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Investors
Allstate
& 3 more
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Employee Count
Employee Count
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Investments & Acquisitions
Creed Foodservice
& 3 more
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Acquired by
One Equity Partners
(Jan 22, 2026)
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IPO & Listings of Kitwave
Kitwave is a publicly listed company on the LSE with ticker symbol KITW in UK, operating in the Distribution services sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of Kitwave
Kitwave offers a comprehensive portfolio of products and services, including Impulse Product Portfolio and Foodservice Solutions. 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.
A wide range of impulse products is delivered.
Foodservice products are provided to various hospitality businesses.
Funding Insights of Kitwave
- Total Funding Total Funding
- Total Rounds 2
- Last Round Last Round
- First Round First Round
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2016 | Amount | Private Equity Round - Kitwave | Valuation |
investors |
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| Jun, 2011 | Amount | Private Equity Round - Kitwave | 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 Kitwave
Kitwave has secured backing from 4 investors, including venture fund and institutional investors. Prominent investors backing the company include Allstate, One Equity Partners and NVM Private Equity. 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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Private capital solutions are provided to middle-market companies globally.
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Founded Year | Domain | Location | |
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Private equity investments are managed across the UK.
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Founded Year | Domain | Location | |
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Private equity investments are made in North America and Europe.
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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.
|
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 Kitwave
Kitwave has strategically engaged in corporate development activities, having acquired 4 companies. Notable acquisitions include Creed Foodservice, Total Foodservice and WestCountry. 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 |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
A range of drinks is distributed across the United Kingdom.
|
2000 | ||||
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Retailer of food
|
1972 | ||||
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Food catering services are provided to businesses and organizations.
|
1967 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
|
2017 | ||||
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Bionic investment advisor platform
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 |
Financial Statements - Kitwave
| 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 |
Kitwave Comparisons
Competitors of Kitwave
| 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 Kitwave
Frequently Asked Questions about Kitwave
When was Kitwave founded?
Kitwave was founded in 1988 and raised its 1st funding round 23 years after it was founded.
Where is Kitwave located?
Kitwave is headquartered in North Shields, United Kingdom. It is registered at North Shields, Tyne And Wear, United Kingdom.
What is the annual revenue of Kitwave?
Annual revenue of Kitwave is $831.51M as on Oct 31, 2024.
What does Kitwave do?
Kitwave Group plc is involved in delivered wholesale services across the UK, serving retail, wholesale, and foodservice markets. A wide range of impulse products, including ambient, frozen, chilled, fresh foods, butchery, alcohol, and tobacco, is offered. The company operates through a network of 37 depots, ensuring nationwide delivery capabilities. Solutions are tailored to meet customer needs with efficient order processing and a fleet of 650 vehicles. Sectors served include independent convenience stores, public houses, restaurants, cafes, leisure centres, wholesalers, and vending operators.
What products or services does Kitwave offer?
Kitwave offers Impulse Product Portfolio and Foodservice Solutions.
Is Kitwave publicly traded?
Yes, Kitwave is publicly traded on LSE under the ticker symbol KITW.
How many acquisitions has Kitwave made?
Kitwave has made 4 acquisitions, including Creed Foodservice, Total Foodservice, and WestCountry.
Who are Kitwave's investors?
Kitwave has 4 investors. Key investors include Allstate, One Equity Partners, NVM Private Equity, and PGIM Private Capital.
What is Kitwave's ticker symbol?
The ticker symbol of Kitwave is KITW on LSE.