About Magnit
Magnit is a company based in Krasnodar (Russia) founded in 1994 by Sergei Galitsky. It operates as a Direct-to-Consumer (D2C). Magnit has completed 3 acquisitions, including Azbuka Vkusa, DIXY and KazanExpress. Magnit offers products and services including Retail Services.
- Headquarter Krasnodar, Russia
- Founders Sergei Galitsky
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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 Pao Magnit
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
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Investors
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Employee Count
Employee Count
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Investments & Acquisitions
Azbuka Vkusa
& 2 more
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Products & Services of Magnit
Magnit offers a comprehensive portfolio of products and services, including 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.
Retail services are provided through various store formats.
Funding Insights of Magnit
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 |
Investments & Acquisitions by Magnit
Magnit has strategically engaged in corporate development activities, having acquired 3 companies. Notable acquisitions include Azbuka Vkusa, DIXY and KazanExpress. 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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Multi-category products are provided via an online marketplace platform.
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2017 | ||||
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Grocery products are retailed by Azbuka Vkusa in Moscow.
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1997 | ||||
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Multi-category food and beverage products are retailed across Russia.
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1992 |
| 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
|
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 - Magnit
| 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 |
Magnit Comparisons
Competitors of Magnit
| Company Name | Domain | Founded year | HQ Location | Description |
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| 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 Magnit
Frequently Asked Questions about Magnit
When was Magnit founded?
Magnit was founded in 1994.
Where is Magnit located?
Magnit is headquartered in Krasnodar, Russia. It is registered at Krasnodar, Krasnodar Krai, Russia.
Who is the current CEO of Magnit?
Jan Dunning is the current CEO of Magnit.
What does Magnit do?
Retail operations are managed by Magnit, focusing on grocery and consumer goods. Various store formats are operated to serve diverse customer needs. The company is engaged in the retail sector, ensuring accessibility of products. Solutions are tailored to enhance shopping experiences in different regions.
What products or services does Magnit offer?
Magnit offers Retail Services.
How many acquisitions has Magnit made?
Magnit has made 3 acquisitions, including Azbuka Vkusa, DIXY, and KazanExpress.
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