About Metito
Metito is a company based in Dubai (United Arab Emirates) founded in 1958 was acquired by ADH in September 2023.. Metito has raised $92 million across 7 funding rounds from investors including HSBC, BOC and International Finance Corporation. The company has 36 employees as of March 29, 2024. Metito has completed 1 acquisition, including Data Axle. Metito offers products and services including Water Treatment Solutions, Wastewater Treatment, Water Infrastructure Projects, and Seawater Treatment. Metito operates in a competitive market with competitors including Iren Group, United Utilities, Resource Environmental Solutions, Select Water and Core & Main, among others.
- Headquarter Dubai, United Arab Emirates
- Employees 36 as on 29 Mar, 2024
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Sectors
Environment
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Metito Pollution Control India Pvt Ltd
- Date of Incorporation 16 Feb, 1994
- Jurisdiction Mumbai, Maharashtra, India
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Annual Revenue
$1.97 M (USD)12.39as on Mar 31, 2023
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Net Profit
$189.36 K (USD)-4.56as on Mar 31, 2023
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EBITDA
$193.34 K (USD)259.74as on Mar 31, 2023
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Total Equity Funding
$92 M (USD)
in 7 rounds
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Latest Funding Round
$120 M (USD), Debt – Conventional
Mar 01, 2022
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Investors
HSBC
& 11 more
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Employee Count
36
as on Mar 29, 2024
- Investments & Acquisitions
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Acquired by
ADH
(Sep 25, 2023)
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Products & Services of Metito
Metito offers a comprehensive portfolio of products and services, including Water Treatment Solutions, Wastewater Treatment, Water Infrastructure Projects, and Seawater Treatment. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Offers purification and management for water resources globally.
Provides systems for effective wastewater processing and recycling.
Delivers large-scale water transportation and investment initiatives.
Specializes in desalination and treatment for coastal regions.
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Funding Insights of Metito
Metito has successfully raised a total of $92M across 7 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $120 million completed in March 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 7
- Last Round Debt – Conventional — $120.0M
- First Round First Round
- Investors Count 11
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2022 | Amount | Debt – Conventional - Metito | Valuation |
investors |
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| Oct, 2015 | Amount | Debt – Conventional - Metito | Valuation |
investors |
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| Jul, 2014 | Amount | Private Equity Round - Metito | Valuation | Japan Bank for International Cooperation , Mitsubishi Corporation |
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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 Metito
Metito has secured backing from 12 investors, including institutional and venture fund investors. Prominent investors backing the company include HSBC, BOC and International Finance Corporation. 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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IFC is focused on private sector development in emerging markets.
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Founded Year | Domain | Location | |
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Private equity firm focused on growth equities
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Founded Year | Domain | Location | |
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Alternative investment firm providing services in Private Equity, Private Debt, and Real Estate across Growth Markets.
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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 Metito
Metito has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Data Axle. 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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Data processing, cloud-based databases, and marketing services are provided.
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1972 |
| 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 - Metito
| 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 |
Metito Comparisons
Competitors of Metito
Metito 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 Iren Group, United Utilities, Resource Environmental Solutions, Select Water and Core & Main, 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 |
Integrated utility services in energy, water, and waste are provided.
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| domain | founded_year | HQ Location |
Water and sewage services are provided in the United Kingdom.
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| domain | founded_year | HQ Location |
Provider of ecological restoration and water resource solutions
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| domain | founded_year | HQ Location |
Wastewater treatment services are provided to industrial sectors.
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| domain | founded_year | HQ Location |
Distributor of water, wastewater, and fire protection products
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| domain | founded_year | HQ Location |
Water treatment, filtration, and distribution services are provided globally.
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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 Metito
Frequently Asked Questions about Metito
When was Metito founded?
Metito was founded in 1958 and raised its 1st funding round 48 years after it was founded.
Where is Metito located?
Metito is headquartered in Dubai, United Arab Emirates. It is registered at Dubai, Dubai, United Arab Emirates.
Is Metito a funded company?
Metito is a funded company, having raised a total of $92M across 7 funding rounds to date. The company's 1st funding round was a Private Equity Round of $92M, raised on Jun 01, 2006.
How many employees does Metito have?
As of Mar 29, 2024, the latest employee count at Metito is 36.
What is the annual revenue of Metito?
Annual revenue of Metito is $1.97M as on Mar 31, 2023.
What does Metito do?
Founded in 1958 and headquartered in Dubai, United Arab Emirates, operations are focused on water management within the utilities and industrial sectors. Membrane separators, bio-reactors, ion exchange systems, and low-temperature distillation units are developed as core products. Services encompass desalination, surface water treatment, disinfection processes, CAD drafting, and field support, addressing global water challenges through engineered systems.
Who are the top competitors of Metito?
Metito's top competitors include Iren Group, United Utilities and Core & Main.
What products or services does Metito offer?
Metito offers Water Treatment Solutions, Wastewater Treatment, Water Infrastructure Projects, and Seawater Treatment.
How many acquisitions has Metito made?
Metito has made 1 acquisition, including Data Axle.
Who are Metito's investors?
Metito has 12 investors. Key investors include HSBC, BOC, International Finance Corporation, Dubai Islamic Bank, and Mitsubishi Heavy Industries.
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