About Migros
Migros is a company based in Istanbul (Turkey) founded in 1954. It operates as a Direct-to-Consumer (D2C). The company has 53,330 employees as of December 31, 2024. Migros has completed 1 acquisition, including Makro Market. Migros offers products and services including Grocery Retail.
- Headquarter Istanbul, Turkey
- Employees 53330 as on 31 Dec, 2024
- Stage Public
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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
*********
- Legal Name Migros Ticaret A.S.
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Annual Revenue
$8.31 B (USD)12.07as on Dec 31, 2024
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Net Profit
$179.29 M (USD)-50.26as on Dec 31, 2024
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EBITDA
$24 M (USD)0as on Dec 31, 2024
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Latest Funding Round
$29.21 K (USD), Grant
Sep 01, 2020
- Investors
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Employee Count
53330
as on Dec 31, 2024
- Investments & Acquisitions
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IPO & Listings of Migros
Migros is a publicly listed company on the BIST with ticker symbol MGROS in Turkey, operating in the Retail trade sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of Migros
Migros offers a comprehensive portfolio of products and services, including Grocery Retail. 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.
Grocery items are sold through widespread retail stores.
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Software Development Team
40 people
Sales and Marketing
31 people
Human Resources and Administration
17 people
Product Management Team
11 people
Data Analysis and Operations Team
9 people
Leadership Team
6 people
Finance and Accounting
5 people
Senior Team
5 people
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Funding Insights of Migros
- Total Funding Total Funding
- Total Rounds 3
- Last Round Grant — $29,209
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First Round
First Round
(01 Nov 2017)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Sep, 2020 | Amount | Grant - Migros | Valuation |
investors |
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| Jan, 2018 | Amount | Grant - Migros | Valuation |
investors |
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| Nov, 2017 | Amount | Grant - Migros | Valuation |
investors |
| 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 Migros
Migros has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include European Union. 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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Government entites focused on freedom, democracy, equality and the rule of law, promoting peace and stability
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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 Migros
Migros has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Makro Market. 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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Discounts on multi-category products are provided via an online platform.
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1991 |
| 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 - Migros
| 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 |
Migros Comparisons
Competitors of Migros
| 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 Migros
Frequently Asked Questions about Migros
When was Migros founded?
Migros was founded in 1954 and raised its 1st funding round 63 years after it was founded.
Where is Migros located?
Migros is headquartered in Istanbul, Turkey.
Who is the current CEO of Migros?
Ozgur Tort is the current CEO of Migros.
How many employees does Migros have?
As of Dec 31, 2024, the latest employee count at Migros is 53,330.
What is the annual revenue of Migros?
Annual revenue of Migros is $8.31B as on Dec 31, 2024.
What does Migros do?
Migros is established as a prominent food retailer in Turkey, focusing on creating value-driven services in everyday life. Innovative solutions are provided to enhance speed, convenience, and value for customers. The company operates in the retail sector, aiming to be the trusted and preferred choice for shopping experiences. Sustainability is integrated into the core business model, with initiatives for a healthier society and planet being prioritized.
What products or services does Migros offer?
Migros offers Grocery Retail.
Is Migros publicly traded?
Yes, Migros is publicly traded on BIST under the ticker symbol MGROS.
How many acquisitions has Migros made?
Migros has made 1 acquisition, including Makro Market.
Who are Migros's investors?
Migros has 1 investor. Key investors include European Union.
What is Migros's ticker symbol?
The ticker symbol of Migros is MGROS on BIST.