About Maxab
Maxab is a company based in Cairo (Egypt) founded in 2018.. Maxab has raised $101.2 million across 6 funding rounds from investors including International Finance Corporation, British International Investment and Silver Lake. Maxab has completed 2 acquisitions, including Fatura and WaystoCap. Maxab operates in a competitive market with competitors including Cartona, One Order, Talabeyah, Ablife and WEGOTRADE, among others.
- Headquarter Cairo, Egypt
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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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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$101.2 M (USD)
in 6 rounds
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Latest Funding Round
$40 M (USD), Series A
Sep 12, 2022
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Investors
International Finance Corporation
& 14 more
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Employee Count
Employee Count
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Investments & Acquisitions
Fatura
& 1 more
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Funding Insights of Maxab
Maxab has successfully raised a total of $101.2M across 6 strategic funding rounds. The most recent funding activity was a Series A round of $40 million completed in September 2022. 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 6
- Last Round Series A — $40.0M
- First Round First Round
- Investors Count 15
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2022 | Amount | Series A - Maxab | Valuation |
investors |
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| Aug, 2021 | Amount | Series A - Maxab | Valuation | Flourish , Crystal Stream Capital |
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| Jul, 2021 | Amount | Series A - Maxab | Valuation | RMBV |
| 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 Maxab
Maxab has secured backing from 15 investors, including venture fund investors. Prominent investors backing the company include International Finance Corporation, British International Investment and Silver Lake. 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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Technology investing and private equity firm focused on partnerships.
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Founded Year | Domain | Location | |
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Government agency focused on small and medium-sized businesses
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Founded Year | Domain | Location | |
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Venture capital investments are provided to startups in the Gulf and MENA region.
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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 Maxab
Maxab has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Fatura and WaystoCap. 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
|
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 B2B marketplace offering multi-category products
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2019 | ||||
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B2B marketplace for African trade is facilitated online.
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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.
|
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.
|
2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Maxab
| 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 |
Maxab Comparisons
Competitors of Maxab
Maxab 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 Cartona, One Order, Talabeyah, Ablife and WEGOTRADE, 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 |
Processed products are provided via an online B2B marketplace.
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| domain | founded_year | HQ Location |
Multi-category grocery supplies are distributed online by One Order.
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| domain | founded_year | HQ Location |
Processed grocery products are distributed electronically by Talabeyah.
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| domain | founded_year | HQ Location |
Delivers comprehensive retail store aggregation solutions for businesses.
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| domain | founded_year | HQ Location |
B2B platform for food industry sales, ordering, and payments online.
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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 Maxab
Frequently Asked Questions about Maxab
When was Maxab founded?
Maxab was founded in 2018 and raised its 1st funding round 1 year after it was founded.
Where is Maxab located?
Maxab is headquartered in Cairo, Egypt.
Is Maxab a funded company?
Maxab is a funded company, having raised a total of $101.2M across 6 funding rounds to date. The company's 1st funding round was a Series A of $40M, raised on Mar 26, 2019.
What does Maxab do?
Maxab was founded in 2018 and is headquartered in Cairo, Egypt. Operations focus on electronic distribution within the grocery sector, where a range of products including dairy items, sweets, snacks, fruits, and vegetables is supplied to various recipients. The platform supports multi-category inventory management and logistics for regional markets in the Middle East and North Africa.
Who are the top competitors of Maxab?
How many acquisitions has Maxab made?
Who are Maxab's investors?
Maxab has 15 investors. Key investors include International Finance Corporation, British International Investment, Silver Lake, BECO Capital, and Flourish Ventures.
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