About Majid Al Futtaim
Majid Al Futtaim is a company based in Dubai (United Arab Emirates) founded in 1992.. The company has 164 employees as of April 08, 2024. Majid Al Futtaim has completed 4 acquisitions, including Beam Wallet, Retail Arabia and Retail Arabia International.
- Headquarter Dubai, United Arab Emirates
- Employees 164 as on 08 Apr, 2024
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Sectors
Industrial Goods & Manufacturing
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Phone
*********
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Website
*********
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Social
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- Legal Name Majid Al Futtaim Hypermarkets Private Limited
- Date of Incorporation 30 May, 2019
- Jurisdiction Sadar Bazar, Haryana, India
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Annual Revenue
$7.11 M (USD)-4.93as on Mar 31, 2023
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Net Profit
$746.84 K (USD)-6.44as on Mar 31, 2023
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EBITDA
$1.21 M (USD)-4.05as on Mar 31, 2023
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Latest Funding Round
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Investors
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Employee Count
164
as on Apr 08, 2024
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Investments & Acquisitions
Beam Wallet
& 3 more
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Software Development Team
115 people
Leadership Team
60 people
Data Analysis and Operations Team
37 people
Sales and Marketing
34 people
Operations Team
28 people
Product Management Team
25 people
Senior Team
24 people
Legal and Compliance
18 people
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Funding Insights of Majid Al Futtaim
| 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 |
Investments & Acquisitions by Majid Al Futtaim
Majid Al Futtaim has strategically engaged in corporate development activities, having acquired 4 companies. Notable acquisitions include Beam Wallet, Retail Arabia and Retail Arabia International. 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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Online horizontal marketplace is operated for Middle Eastern countries.
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2015 | ||||
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Digital wallet and reward services for electronic payments are provided.
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2012 | ||||
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Women's apparel is retailed by Retail Arabia International.
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2007 |
| 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 - Majid Al Futtaim
| 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 |
Majid Al Futtaim Comparisons
Competitors of Majid Al Futtaim
| 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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Frequently Asked Questions about Majid Al Futtaim
When was Majid Al Futtaim founded?
Majid Al Futtaim was founded in 1992.
Where is Majid Al Futtaim located?
Majid Al Futtaim is headquartered in Dubai, United Arab Emirates. It is registered at Dubai, Dubai, United Arab Emirates.
How many employees does Majid Al Futtaim have?
As of Apr 08, 2024, the latest employee count at Majid Al Futtaim is 164.
What is the annual revenue of Majid Al Futtaim?
Annual revenue of Majid Al Futtaim is $7.11M as on Mar 31, 2023.
What does Majid Al Futtaim do?
Majid Al Futtaim operates retail store of consumer goods, focusing on conglomerates, and traditional conglomerates. It serves clients with dedicated solutions, emphasizing quality, innovation, and sustainable growth in its core markets. It continues to evolve, meeting industry challenges with strategic approaches.
How many acquisitions has Majid Al Futtaim made?
Majid Al Futtaim has made 4 acquisitions, including Beam Wallet, Retail Arabia, and Retail Arabia International.
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