About Mumbai Dutyfree
Mumbai Dutyfree is a company based in Mumbai (India) founded in 2015 was acquired by Adani Group in September 2021.. The company has 1,052 employees as of April 09, 2024.
- Headquarter Mumbai, India
- Employees 1052 as on 09 Apr, 2024
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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 Mumbai Travel Retail Private Limited
- Date of Incorporation 11 Mar, 2021
- Jurisdiction Daskroi, Gujarat, India
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Annual Revenue
$100.31 M (USD)458.83as on Mar 31, 2023
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Net Profit
$1.95 M (USD)166.54as on Mar 31, 2023
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EBITDA
$7.5 M (USD)570.18as on Mar 31, 2023
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Latest Funding Round
- Investors
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Employee Count
1052
as on Apr 09, 2024
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Acquired by
Adani Group
(Sep 23, 2021)
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Funding Insights of Mumbai Dutyfree
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 Mumbai Dutyfree
Mumbai Dutyfree has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Adani Group. 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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Diversified operations are conducted across multiple industries worldwide.
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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 Mumbai Dutyfree
| 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 - Mumbai Dutyfree
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 |
Mumbai Dutyfree Comparisons
Competitors of Mumbai Dutyfree
| Company Name | Domain | Founded year | HQ Location | Description |
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| 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 Mumbai Dutyfree
Frequently Asked Questions about Mumbai Dutyfree
When was Mumbai Dutyfree founded?
Mumbai Dutyfree was founded in 2015.
Where is Mumbai Dutyfree located?
Mumbai Dutyfree is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
How many employees does Mumbai Dutyfree have?
As of Apr 09, 2024, the latest employee count at Mumbai Dutyfree is 1,052.
What is the annual revenue of Mumbai Dutyfree?
Annual revenue of Mumbai Dutyfree is $100.31M as on Mar 31, 2023.
What does Mumbai Dutyfree do?
Mumbai Dutyfree was founded in 2015 in Mumbai, India, where e-commerce support services are delivered. Operations focus on the digital commerce sector, encompassing platform assistance, backend logistics, and technical maintenance for retail clients. Services are tailored to enhance online transaction processes and inventory management. The company maintains its primary base in Mumbai, supporting regional and international e-commerce needs without direct consumer-facing sales.
Who are Mumbai Dutyfree's investors?
Mumbai Dutyfree has 1 investor. Key investors include Adani Group.