About OTTO
OTTO is a company based in Hamburg (Germany) founded in 1949. It operates as a Two-Sided Marketplace, and Direct-to-Consumer (D2C). The company has 41,186 employees as of December 31, 2023. OTTO offers products and services including Fashion, Furniture, and Electronics. OTTO operates in a competitive market with competitors including Amazon, Daraz, Groupon, Paytm Mall and Lesara, among others.
- Headquarter Hamburg, Germany
- Employees 41186 as on 31 Dec, 2023
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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
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- Legal Name Otto Gmbh & Co. Kgaa
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Annual Revenue
$16.91 B (USD)1as on Feb 28, 2023
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Net Profit
$-431.86 M (USD)-123as on Feb 28, 2023
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EBITDA
$23.16 M (USD)-97as on Feb 28, 2023
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Latest Funding Round
$285.3 M (USD), Debt – Conventional
Jun 01, 2017
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Investors
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Employee Count
41186
as on Dec 31, 2023
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Products & Services of OTTO
OTTO offers a comprehensive portfolio of products and services, including Fashion, Furniture, and Electronics. 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.
Wide range of clothing for all genders offered.
Diverse furniture for homes is provided here.
Latest electronics and gadgets are sold online.
Funding Insights of OTTO
- Total Funding Total Funding
- Total Rounds 1
- Last Round Debt – Conventional — $285.3M
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First Round
First Round
(01 Jun 2017)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2017 | Amount | Debt – Conventional - OTTO | Valuation |
investors |
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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 |
Investments & Acquisitions by OTTO
| 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 - OTTO
| 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 |
Otto Comparisons
Competitors of OTTO
OTTO 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 Amazon, Daraz, Groupon, Paytm Mall and Lesara, 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 |
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| domain | founded_year | HQ Location |
Multi-category products are offered through an online marketplace.
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| domain | founded_year | HQ Location |
Multi-category consumer products are facilitated through an app-based online marketplace.
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| domain | founded_year | HQ Location |
Online marketplace offering deals on multi-category products and services
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| domain | founded_year | HQ Location |
Multi-category consumer products are offered via an app-based marketplace.
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| domain | founded_year | HQ Location |
Operates an e-commerce platform specializing in fashion and lifestyle products.
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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 Otto
Frequently Asked Questions about OTTO
When was OTTO founded?
OTTO was founded in 1949 and raised its 1st funding round 68 years after it was founded.
Where is OTTO located?
OTTO is headquartered in Hamburg, Germany. It is registered at Hamburg, Hamburg, Germany.
Who is the current CEO of OTTO?
Beixi Xu is the current CEO of OTTO.
How many employees does OTTO have?
As of Dec 31, 2023, the latest employee count at OTTO is 41,186.
What is the annual revenue of OTTO?
Annual revenue of OTTO is $16.91B as on Feb 28, 2023.
What does OTTO do?
A comprehensive online shopping platform is provided by OTTO, focusing on a wide array of products including fashion for all genders, home furniture, and cutting-edge electronics. Various sectors such as home living, technology, and personal accessories are covered. Solutions for sustainable shopping and customer convenience through services like free shipping and easy returns are emphasized. Commitment to environmental responsibility is shown through initiatives like sustainable packaging and partnerships for eco-friendly practices.
Who are the top competitors of OTTO?
OTTO's top competitors include Amazon, Daraz and Paytm Mall.
What products or services does OTTO offer?
OTTO offers Fashion, Furniture, and Electronics.