About Oda
Oda is a company based in Oslo (Norway) founded in 2013. It operates as a Direct-to-Consumer (D2C) and Subscription Services. Oda has raised $472.8 million across 5 funding rounds from investors including Prosus, SoftBank Vision Fund and Kinnevik. The company has 415 employees as of December 31, 2020. Oda offers products and services including Online Grocery Delivery and Fresh Produce. Oda operates in a competitive market with competitors including JOKR, Getir, Rohlik Group, Picnic and Gorillas, among others.
- Headquarter Oslo, Norway
- Employees 415 as on 31 Dec, 2020
- Stage Minicorn
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Sectors
Retail
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Phone
*********
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Website
*********
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Social
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Annual Revenue
$289.62 M (USD)26as on Dec 31, 2021
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Net Profit
-$26.35 M (USD)-117as on Dec 31, 2021
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EBITDA
-$34.07 M (USD)-109as on Dec 31, 2021
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Total Equity Funding
$472.8 M (USD)
in 5 rounds
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Latest Funding Round
$152.7 M (USD), Series C
Dec 06, 2022
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Investors
Prosus
& 7 more
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Employee Count
415
as on Dec 31, 2020
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Products & Services of Oda
Oda offers a comprehensive portfolio of products and services, including Online Grocery Delivery and Fresh Produce.
Groceries are delivered directly to customers' doorsteps efficiently.
Fresh fruits and vegetables are sourced from local farmers.
People of Oda
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Funding Insights of Oda
Oda has successfully raised a total of $472.8M across 5 strategic funding rounds. The most recent funding activity was a Series C round of $152.7 million completed in December 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 5
- Last Round Series C — $152.7M
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First Round
First Round
(01 May 2015)
- Investors Count 8
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2022 | Amount | Series C - Oda | Valuation | Verdane , Summa Equity | |
| Apr, 2021 | Amount | Series C - Oda | Valuation | SoftBank Vision Fund , Prosus | |
| Aug, 2018 | Amount | Series B - Oda | Valuation | Kinnevik |
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Investors in Oda
Oda has secured backing from 8 investors, including venture fund and institutional investors. Prominent investors backing the company include Prosus, SoftBank Vision Fund and Kinnevik.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Venture capital investments are directed toward multiple sectors by Kinnevik.
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Founded Year | Domain | Location | |
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Venture capital firm and funds of fund focused on technology-enabled and sustainable companies
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Founded Year | Domain | Location | |
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Summa Equity is focused on thematic and impact investments.
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Founded Year | Domain | Location |
Investments & Acquisitions by Oda
Financial Statements - Oda
Oda Comparisons
Competitors of Oda
Oda 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 JOKR, Getir, Rohlik Group, Picnic and Gorillas, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multi-category grocery products are delivered via an online platform.
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| domain | founded_year | HQ Location |
Multi-category grocery products are delivered via a mobile app platform.
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| domain | founded_year | HQ Location |
Online grocery and essentials are retailed via a digital platform.
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| domain | founded_year | HQ Location |
Online grocery shopping and delivery services are provided by Picnic.
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| domain | founded_year | HQ Location |
Multi-category grocery products are delivered rapidly via an online platform.
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| domain | founded_year | HQ Location |
Food ordering and delivery services are facilitated online.
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Frequently Asked Questions about Oda
Oda was founded in 2013 and raised its 1st funding round 2 years after it was founded.
Oda is headquartered in Oslo, Norway. It is registered at Oslo, Oslo, Norway.
Oda is a funded company, having raised a total of $472.8M across 5 funding rounds to date. The company's 1st funding round was a Series B of $35.74M, raised on May 01, 2015.
As of Dec 31, 2020, the latest employee count at Oda is 415.
Annual revenue of Oda is $289.62M as on Dec 31, 2021.
Oda is an online grocery store based in Norway, focused on delivering a wide range of food and household products directly to customers homes. Operations are conducted without physical stores, allowing cost savings that are passed on through competitive pricing. A diverse selection of fresh produce, dairy, meat, and other essentials is offered, often sourced directly from local Norwegian farmers. Emphasis is placed on convenience, with flexible delivery options and a user-friendly digital platform. Sustainability initiatives, such as returnable packaging and deposit systems, are integrated into the service model. The company targets both individual consumers and businesses, aiming to simplify daily shopping needs.
Oda's top competitors include Delivery Hero, Rohlik Group and Getir.
Oda offers Online Grocery Delivery and Fresh Produce.
Oda has 8 investors. Key investors include Prosus, SoftBank Vision Fund, Kinnevik, Verdane, and Summa Equity.
The valuation of Oda is $353M as of Dec 2022.