About OVO Mobile
OVO Mobile is a company based in Sydney (Australia) founded in 2013 was acquired by Amaysim in June 2020.. OVO Mobile has raised $5 million across 1 funding round from investors including SouthernCrossAustereo and Amaysim. OVO Mobile has completed 1 acquisition, including Incoming Media. OVO Mobile operates in a competitive market with competitors including MasMovil, Circles.Life, Vodacom, Boost Worldwide and Amaysim, among others.
- Headquarter Sydney, Australia
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Sectors
Telecommunications
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Phone
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Website
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$5 M (USD)
in 1 rounds
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Latest Funding Round
$5 M (USD), Series A
Jan 17, 2018
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Investors
SouthernCrossAustereo
& 1 more
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Employee Count
Employee Count
- Investments & Acquisitions
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Acquired by
Amaysim
(Jun 03, 2020)
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Funding Insights of OVO Mobile
OVO Mobile has successfully raised a total of $5M through 1 strategic funding round. The most recent funding activity was a Series A round of $5 million completed in January 2018. 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 1
- Last Round Series A — $5.0M
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First Round
First Round
(17 Jan 2018)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2018 | Amount | Series A - OVO Mobile | Valuation | SouthernCrossAustereo |
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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 |
Investors in OVO Mobile
OVO Mobile has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include SouthernCrossAustereo and Amaysim. 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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Australian media conglomerate focused on radio, television, and digital operations.
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Founded Year | Domain | Location | |
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Mobile phone services are provided by Amaysim in Australia.
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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 OVO Mobile
OVO Mobile has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Incoming Media. 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
|
2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
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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Personalized video messages are delivered through mobile engagement platform.
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2011 |
| 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.
|
2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 |
Financial Statements - OVO Mobile
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| 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 |
Ovo Mobile Comparisons
Competitors of OVO Mobile
OVO Mobile 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 MasMovil, Circles.Life, Vodacom, Boost Worldwide and Amaysim, 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 |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Mobile internet, calling, and telecommunications services are provided across Spain.
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| domain | founded_year | HQ Location |
Data-focused mobile plans are provided by online MVNO Circles.Life.
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| domain | founded_year | HQ Location |
Mobile telecommunication services are provided by Vodacom in South Africa.
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| domain | founded_year | HQ Location |
Prepaid cell phones & no contract plans
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| domain | founded_year | HQ Location |
Mobile phone services are provided by Amaysim in Australia.
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| domain | founded_year | HQ Location |
Roaming data services for travellers
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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 Ovo Mobile
Frequently Asked Questions about OVO Mobile
When was OVO Mobile founded?
OVO Mobile was founded in 2013 and raised its 1st funding round 5 years after it was founded.
Where is OVO Mobile located?
OVO Mobile is headquartered in Sydney, Australia. It is registered at Sydney, New South Wales, Australia.
Is OVO Mobile a funded company?
OVO Mobile is a funded company, having raised a total of $5M across 1 funding round to date. The company's 1st funding round was a Series A of $5M, raised on Jan 17, 2018.
What does OVO Mobile do?
OVO Mobile was founded in 2013 in Sydney, Australia, as a mobile virtual network operator (MVNO) in the telecom sector. Operations are powered by the Optimus mobile network, with prepaid SIM cards providing voice calls, unlimited SMS, and data allowances. Additional provisions are made for entertainment consumption and OVO-specific content through the OYOPlay app. Partnerships with content providers support services targeted at sports and entertainment enthusiasts.
Who are the top competitors of OVO Mobile?
OVO Mobile's top competitors include MasMovil, Circles.Life and Ultra Mobile.
How many acquisitions has OVO Mobile made?
OVO Mobile has made 1 acquisition, including Incoming Media.
Who are OVO Mobile's investors?
OVO Mobile has 2 investors. Key investors include SouthernCrossAustereo, and Amaysim.
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