About Melltoo
Melltoo is a company based in Dubai (United Arab Emirates) founded in 2013 by Sharene Lee was acquired by Cartlow in August 2022.. Melltoo has raised $1.36 million across 5 funding rounds from investors including Cartlow, Shorooq Partners and Gobi Partners. Melltoo operates in a competitive market with competitors including Dubizzle, 58City, Cartlow, Craigslist and Seeklala, among others.
- Headquarter Dubai, United Arab Emirates
- Founders Sharene Lee
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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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Funding Insights of Melltoo
Melltoo has successfully raised a total of $1.36M across 5 strategic funding rounds. 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 5
- Last Round Last Round
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First Round
First Round
(01 Apr 2015)
- Investors Count 12
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2019 | Amount | Seed - Melltoo | Valuation | Gobi Partners , Shorooq Partners | |
| Jan, 2019 | Amount | Seed - Melltoo | Valuation | 500 Global , Khwarizmi Ventures | |
| May, 2018 | Amount | Seed - Melltoo | Valuation | 500 Global |
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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 Melltoo
Melltoo has secured backing from 13 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Cartlow, Shorooq Partners and Gobi Partners. 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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Venture capital firm investing in early-stage tech startups
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Founded Year | Domain | Location | |
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Early-stage investments in tech companies are made by Shorooq Partners.
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Founded Year | Domain | Location | |
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Venture capital and acceleration are provided to tech startups.
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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 Melltoo
| 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 - Melltoo
| 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 |
Melltoo Comparisons
Competitors of Melltoo
Melltoo 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 Dubizzle, 58City, Cartlow, Craigslist and Seeklala, 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 |
Online horizontal classifieds platform
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| domain | founded_year | HQ Location |
Online second-hand listing platform offering multi-category products and services
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| domain | founded_year | HQ Location |
Multi-category second-hand products are offered through an online B2C marketplace.
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| domain | founded_year | HQ Location |
Online classified forum
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| domain | founded_year | HQ Location |
An online P2P platform for listing and trading multi-category products.
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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 Melltoo
Frequently Asked Questions about Melltoo
When was Melltoo founded?
Melltoo was founded in 2013 and raised its 1st funding round 2 years after it was founded.
Where is Melltoo located?
Melltoo is headquartered in Dubai, United Arab Emirates. It is registered at Dubai, Dubai, United Arab Emirates.
Is Melltoo a funded company?
Melltoo is a funded company, having raised a total of $1.36M across 5 funding rounds to date. The company's 1st funding round was a Seed of $150K, raised on Apr 01, 2015.
What does Melltoo do?
Melltoo was established in 2013 in Dubai, United Arab Emirates, as an online marketplace focused on pre-owned goods. Multiple categories are covered, such as apparel, consumer electronics, and fashion accessories. Operations are conducted through a digital platform, with mobile apps provided for iOS and Android users to facilitate buying and selling in the secondary market sector.
Who are the top competitors of Melltoo?
Who are Melltoo's investors?
Melltoo has 13 investors. Key investors include Cartlow, Shorooq Partners, Gobi Partners, Khalid Al-Tawil, and Mahmoud Adi.