About Qotto
Qotto is a company founded in 2016.. Qotto has raised $8 million across 3 funding rounds from investors including African Development Bank Group, Cordaid and IBL Together. Qotto offers products and services including Qotto Light and Qotto TV. Qotto operates in a competitive market with competitors including Ecoflow, Imeon Energy, Sunti, Sunited Group and Sunstream International, among others.
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Sectors
Energy & Utilities
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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 Qotto
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Annual Revenue
$2.4 M (USD)98as on Dec 31, 2021
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Net Profit
$80.51 K (USD)126as on Dec 31, 2021
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EBITDA
$-61.36 K (USD)85as on Dec 31, 2021
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Total Equity Funding
$8 M (USD)
in 3 rounds
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Latest Funding Round
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Investors
African Development Bank Group
& 3 more
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Employee Count
Employee Count
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Products & Services of Qotto
Qotto offers a comprehensive portfolio of products and services, including Qotto Light and Qotto TV. 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.
Provides home lighting and mobile charging for rural use.
Delivers lighting, TV access, and phone charging capabilities.
Funding Insights of Qotto
Qotto has successfully raised a total of $8M across 3 strategic funding rounds. 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 3
- Last Round Last Round
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First Round
First Round
(24 Feb 2021)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2023 | Amount | Series A - Qotto | Valuation | IBL | |
| Feb, 2023 | Amount | Debt – Conventional - Qotto | Valuation |
investors |
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| Feb, 2021 | Amount | Debt – Conventional - Qotto | Valuation |
investors |
| 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 Qotto
Qotto has secured backing from 4 investors, including venture fund and institutional investors. Prominent investors backing the company include African Development Bank Group, Cordaid and IBL Together. 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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A diversified business group based in Mauritius is operated.
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Development financing is extended to African projects across sectors.
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Poverty reduction initiatives are led by the foundation 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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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 Qotto
| 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 - Qotto
| 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 |
Qotto Comparisons
Competitors of Qotto
Qotto 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 Ecoflow, Imeon Energy, Sunti, Sunited Group and Sunstream International, 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 |
An online platform for energy storage solutions is offered.
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| domain | founded_year | HQ Location |
Solar inverters with AI integration are designed and manufactured.
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| domain | founded_year | HQ Location |
Provides solar installations and energy services with no upfront costs.
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| domain | founded_year | HQ Location |
Produces high-quality solar-powered mirrors and heating systems.
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| domain | founded_year | HQ Location |
Supplies mobile and autonomous photovoltaic equipment.
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| 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 Qotto
Frequently Asked Questions about Qotto
When was Qotto founded?
Qotto was founded in 2016 and raised its 1st funding round 5 years after it was founded.
Is Qotto a funded company?
Qotto is a funded company, having raised a total of $8M across 3 funding rounds to date. The company's 1st funding round was a Debt – Conventional of $2.43M, raised on Feb 24, 2021.
What is the annual revenue of Qotto?
Annual revenue of Qotto is $2.4M as on Dec 31, 2021.
What does Qotto do?
Qotto was founded in 2016 as a manufacturer in the renewable energy sector. Solar-powered products are developed and produced, with operations centered on creating functional items powered by solar technology. The companys activities emphasize practical applications in sustainability, though specific services beyond manufacturing are not detailed. Its online presence is maintained through the domain qotto.net, while geographic details remain unspecified.
Who are the top competitors of Qotto?
Qotto's top competitors include Ecoflow, Imeon Energy and Sunti.
What products or services does Qotto offer?
Qotto offers Qotto Light and Qotto TV.
Who are Qotto's investors?
Qotto has 4 investors. Key investors include African Development Bank Group, Cordaid, IBL Together, and OGEF.
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