About Massmart
Massmart is a company based in Sandton (South Africa) founded in 1990 was acquired by Walmart in November 2010.. Massmart has completed 1 acquisition, including OneCart.
- Headquarter Sandton, South Africa
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Sectors
Retail
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Phone
*********
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Website
*********
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Social
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Software Development Team
305 people
Leadership Team
250 people
Product Management Team
122 people
Data Analysis and Operations Team
65 people
Senior Team
59 people
Operations Team
58 people
Sales and Marketing
47 people
Human Resources and Administration
46 people
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Funding Insights of Massmart
| 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 Massmart
Massmart has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Walmart. 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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Multinational retail corporation
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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 Massmart
Massmart has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include OneCart. 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 marketplace for grocery products
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2017 |
| 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 - Massmart
| 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 |
Massmart Comparisons
Competitors of Massmart
| 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 Massmart
When was Massmart founded?
Massmart was founded in 1990.
Where is Massmart located?
Massmart is headquartered in Sandton, South Africa. It is registered at Sandton, Gauteng, South Africa.
Who is the current CEO of Massmart?
Guy Hayward is the current CEO of Massmart.
What does Massmart do?
Massmart was founded in 1990 and functions as a retail and wholesale group based in Sandton, South Africa. Operations span general merchandise, liquor, home improvement, and food products, delivered via multiple store formats and channels. High-volume, low-cost strategies are employed to sustain price leadership, while supplier support through growth initiatives is provided to promote regional economic growth. Food safety and sustainability are prioritized in all activities.
How many acquisitions has Massmart made?
Massmart has made 1 acquisition, including OneCart.
Who are Massmart's investors?
Massmart has 1 investor. Key investors include Walmart.