About RACV
RACV is a company based in Melbourne (Australia) founded in 1903.. RACV has completed 1 acquisition, including Nationwide Group. RACV offers products and services including Car Insurance, Roadside Assistance, Travel Insurance, Car Loans, and Membership Benefits. RACV operates in a competitive market with competitors including Ahm Health Insurance, Budget Direct, Insuranceline, Blue Zebra and Wealth Smart, among others.
- Headquarter Melbourne, Australia
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Sectors
Financial Services
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Phone
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Website
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Social
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- Legal Name Royal Automobile Club Of Victoria Limited
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
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Investors
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Employee Count
Employee Count
- Investments & Acquisitions
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Products & Services of RACV
RACV offers a comprehensive portfolio of products and services, including Car Insurance, Roadside Assistance, Travel Insurance, Car Loans, and Membership Benefits. 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.
Covers vehicles and includes roadside assistance services
Provides help for stranded vehicles and repairs
Offers protection for holidays and trips
Facilitates vehicle financing options
Delivers discounts on shopping and travel
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Software Development Team
59 people
Sales and Marketing
18 people
Head Team
17 people
Senior Team
17 people
Leadership Team
15 people
Finance and Accounting
12 people
Operations Team
10 people
Human Resources and Administration
8 people
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Funding Insights of RACV
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 RACV
RACV has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Nationwide Group. 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.
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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 |
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Vehicle towing services are provided nationwide in Australia.
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1987 |
| 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 - RACV
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 |
Racv Comparisons
Competitors of RACV
RACV 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 Ahm Health Insurance, Budget Direct, Insuranceline, Blue Zebra and Wealth Smart, 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 |
Online insurances for health, life, pet, and travel are offered.
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Offers online insurance services for cars, homes, travel, pets, and motorcycles.
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Multiple insurance products are offered by Insuranceline.
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| domain | founded_year | HQ Location |
Digitally enabled insurance processes and solutions are provided for brokers.
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| domain | founded_year | HQ Location |
Provides insurance advice, superannuation, and financial solutions for individuals and businesses.
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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 Racv
Frequently Asked Questions about RACV
When was RACV founded?
RACV was founded in 1903.
Where is RACV located?
RACV is headquartered in Melbourne, Australia. It is registered at Melbourne, Victoria, Australia.
Who is the current CEO of RACV?
Neil Taylor is the current CEO of RACV.
What does RACV do?
RACV is an insurance platform for consumers businesses. They provide business insurance professional liability insurance, farm insurance, public liability insurance. home insurance, renters insurance, landlord insurance, single item insurance, travel insurance auto insurance. Users get an online quote based on information provided by them. They provide emergency assistance services like home assist, road assist and home assist for businesses. They also have clubs and resorts which are available for use through a membership program for policyholders. Their policies are underwritten by Insurance Manufacturer of Australia.
Who are the top competitors of RACV?
RACV's top competitors include Ahm Health Insurance, Insuranceline and Blue Zebra.
What products or services does RACV offer?
RACV offers Car Insurance, Roadside Assistance, Travel Insurance, Car Loans, and Membership Benefits.
How many acquisitions has RACV made?
RACV has made 1 acquisition, including Nationwide Group.