About Redde
Redde is a company based in Bath (United Kingdom) founded in 1992 was acquired by ReddeNorthgate in November 2019.. Redde has completed 1 acquisition, including FMG. Redde offers products and services including Motor Claims Services and Claims Handling Services.
- Headquarter Bath, United Kingdom
- Stage Public
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Sectors
Professional & Legal ServicesFinancial Services
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Redde Plc
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
$299.81 K (USD), Grant
Sep 01, 2024
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Investors
HHS
& 1 more
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Employee Count
Employee Count
- Investments & Acquisitions
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Acquired by
ReddeNorthgate
(Nov 29, 2019)
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Products & Services of Redde
Redde offers a comprehensive portfolio of products and services, including Motor Claims Services and Claims Handling Services. 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.
Motor claims accident management services are handled, including replacement vehicles and repairs
Full claims-handling and FNOL services are managed through associated businesses
Funding Insights of Redde
- Total Funding Total Funding
- Total Rounds 1
- Last Round Grant — $299,811
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First Round
First Round
(01 Sep 2024)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2024 | Amount | Grant - Redde | 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 Redde
Redde has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include HHS and ZIGUP. 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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Public health and human services are overseen by HHS.
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Founded Year | Domain | Location | |
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Integrated mobility solutions are provided by ZIGUP across vehicle lifecycles.
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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 Redde
Redde has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include FMG. 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.
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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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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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Incident management and roadside services are provided across the UK.
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1986 |
| 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.
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2014 |
Financial Statements - Redde
| 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 |
Redde Comparisons
Competitors of Redde
| 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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Frequently Asked Questions about Redde
When was Redde founded?
Redde was founded in 1992 and raised its 1st funding round 32 years after it was founded.
Where is Redde located?
Redde is headquartered in Bath, United Kingdom. It is registered at Bath, Somerset, United Kingdom.
What does Redde do?
Redde was founded in 1992 in Bath, United Kingdom. Services in accident management support, legal assistance, fleet management, and policy fulfilment are provided to clients in the automotive and insurance sectors. Operations are centered in the UK, with focus on efficient handling of vehicle-related incidents and compliance requirements. The company supports businesses through integrated solutions for risk mitigation and operational efficiency.
What products or services does Redde offer?
Redde offers Motor Claims Services and Claims Handling Services.
How many acquisitions has Redde made?
Redde has made 1 acquisition, including FMG.