About Mazadak
Mazadak is a company based in Riyadh (Saudi Arabia) founded in 2013.. Mazadak has raised $10 million across 1 funding round from investors including Revival Studio. Mazadak operates in a competitive market with competitors including Markaba, CarSudan and Dar Masdoum, among others.
- Headquarter Riyadh, Saudi Arabia
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Sectors
Transportation, Automotive & Logistics
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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
$10 M (USD)
in 1 rounds
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Latest Funding Round
$10 M (USD), Series A
Mar 08, 2024
- Investors
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Employee Count
Employee Count
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Funding Insights of Mazadak
Mazadak has successfully raised a total of $10M through 1 strategic funding round. The most recent funding activity was a Series A round of $10 million completed in March 2024. 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 1
- Last Round Series A — $10.0M
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First Round
First Round
(08 Mar 2024)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2024 | Amount | Series A - Mazadak | Valuation | Revival Studio |
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| 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 Mazadak
Mazadak has secured backing from 1 investor. Prominent investors backing the company include Revival Studio. 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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Delivers comprehensive branding, graphic design, digital marketing, and video production services.
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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 Mazadak
| 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 |
Financial Statements - Mazadak
| 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 |
Mazadak Comparisons
Competitors of Mazadak
Mazadak 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 Markaba, CarSudan and Dar Masdoum, 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 |
Operates an online portal for buying and selling new and used vehicles.
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| domain | founded_year | HQ Location |
Operates an app-based platform for listing and buying used vehicles.
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| domain | founded_year | HQ Location |
Operates an online portal for automotive classifieds.
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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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Frequently Asked Questions about Mazadak
When was Mazadak founded?
Mazadak was founded in 2013 and raised its 1st funding round 11 years after it was founded.
Where is Mazadak located?
Mazadak is headquartered in Riyadh, Saudi Arabia.
Who is the current CEO of Mazadak?
Rayan Hanbazazah is the current CEO of Mazadak.
Is Mazadak a funded company?
Mazadak is a funded company, having raised a total of $10M across 1 funding round to date. The company's 1st funding round was a Series A of $10M, raised on Mar 08, 2024.
What does Mazadak do?
Founded in 2013 and headquartered in Riyadh, Saudi Arabia, Mazadak operates as an app-based platform in the automotive sector. An auction-based marketplace is provided for used vehicles across multiple categories. Users are enabled to participate by submitting personal details, payment information, and other requirements to bid and complete purchases. Operations focus on facilitating transactions within the regional market.
Who are the top competitors of Mazadak?
Mazadak's top competitors include Markaba, CarSudan and Dar Masdoum.
Who are Mazadak's investors?
Mazadak has 1 investor. Key investors include Revival Studio.