About Musti Group
Musti Group is a company based in Helsinki (Finland) founded in 1988 was acquired by Sonae in March 2024.. The company has 2,180 employees as of December 31, 2024. Musti Group has completed 1 acquisition, including PetCity. Musti Group offers products and services including Pet Care Products and Online Services.
- Headquarter Helsinki, Finland
- Employees 2180 as on 31 Dec, 2024
- Stage Public
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Sectors
Retail
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Musti Group Oyj
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Annual Revenue
$582.37 M (USD)31.67as on Dec 31, 2024
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Net Profit
$6.96 M (USD)-74.67as on Dec 31, 2024
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EBITDA
$64.04 M (USD)-10.87as on Dec 31, 2024
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Latest Funding Round
- Investors
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Employee Count
2180
as on Dec 31, 2024
- Investments & Acquisitions
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Acquired by
Sonae
(Mar 13, 2024)
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IPO & Listings of Musti Group
Musti Group is a publicly listed company on the OMXHEX with ticker symbol MUSTI in Finland, 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 Musti Group
Musti Group offers a comprehensive portfolio of products and services, including Pet Care Products and Online Services. 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.
Pet food, accessories, and care items are provided by Musti Group for the needs of pets and their owners.
Online platforms are utilized by Musti Group for the sale and distribution of pet care products across the Nordic countries.
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Funding Insights of Musti Group
| 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 Musti Group
Musti Group has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Sonae. 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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Retail group operating across a variety of categories like food, books and stationery, clothing, footwear, and consumer electronics
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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 Musti Group
Musti Group has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include PetCity. 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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Pet care products are retailed through stores in Estonia.
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2015 |
| 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 - Musti Group
| 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 |
Musti Group Comparisons
Competitors of Musti Group
| 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 Musti Group
Frequently Asked Questions about Musti Group
When was Musti Group founded?
Musti Group was founded in 1988.
Where is Musti Group located?
Musti Group is headquartered in Helsinki, Finland.
How many employees does Musti Group have?
As of Dec 31, 2024, the latest employee count at Musti Group is 2,180.
What is the annual revenue of Musti Group?
Annual revenue of Musti Group is $582.37M as on Dec 31, 2024.
What does Musti Group do?
Musti Group was established in 1988 in Helsinki, Finland. Operations are conducted in the pet retail sector, where a range of stores is managed to offer products and services for pet care. Focus is placed on everyday pet supplies, including food, accessories, and health items. The company serves customers primarily in the Nordic region through its physical retail network and online platform.
What products or services does Musti Group offer?
Musti Group offers Pet Care Products and Online Services.
Is Musti Group publicly traded?
Yes, Musti Group is publicly traded on OMXHEX under the ticker symbol MUSTI.
How many acquisitions has Musti Group made?
Musti Group has made 1 acquisition, including PetCity.
Who are Musti Group's investors?
Musti Group has 1 investor. Key investors include Sonae.
What is Musti Group's ticker symbol?
The ticker symbol of Musti Group is MUSTI on OMXHEX.
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