About Silknet
Silknet is a company based in Tbilisi (Georgia) founded in 2020. Silknet has completed 1 acquisition, including Geocell. Silknet offers products and services including Silk App, Withdrawal Service, Loan Service, and Currency Exchange. Silknet operates in a competitive market with competitors including KPN, Hong Kong Broadband Network, Orange Polska, Cogeco and British Telecom, among others.
- Latest Funding Round$300M (USD), Debt – Conventional
Feb 2022
- Investments & Acquisitions
Products & Services of Silknet
Silknet offers a comprehensive portfolio of products and services, including Silk App, Withdrawal Service, Loan Service, and Currency Exchange.
Mobile app for managing daily financial transactions
Free cash withdrawals from partner bank ATMs
Quick loans up to 50,000 for personal needs
Automatic conversion at optimal rates for transactions
Funding Insights of Silknet
- Total Rounds 1
- Last Round Debt – Conventional — $300M
- First Round $300M
(Feb 2022)
All 1 funding rounds of Silknet with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb 2022 | $300M | Debt – Conventional | – | – | – |
Investments & Acquisitions by Silknet
Silknet has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Geocell.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Mobile communication services are offered to customers in Georgia. | geocell.ge | Tbilisi, Georgia | 1996 | Jan 2018 | $153M |
Complete acquisition details for Silknet
Acquired stakes, deal sources and the complete acquisition history require an active premium plan.
- Acquired stakes
- Deal sources
- Complete history
- Exports
Verified entity values are shown only after access is granted.
Timeline of Silknet
3 dated milestones of Silknet across 4 years, from founding to its latest funding, stage changes and deals.
- Acquisition Acquires Geocell.
- Founded Silknet is founded.
- Funding First funding round of $300.0M.
Competitors of Silknet
Silknet 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 KPN, Hong Kong Broadband Network, Orange Polska, Cogeco and British Telecom, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| kpn.com | 1989 | The Hague, Netherlands | – | 13,275 | Mobile and fixed-line telecommunication services are provided across Europe. | |
| hkbn.net | 1999 | Hong Kong, China | $200M | – | Provider of fibre optic broadband internet services | |
| orange.pl | 1991 | Warsaw, Poland | $2.46B | – | Telephony, internet, and data transmission services are provided in Poland. | |
| cogeco.ca | 1956 | Montreal, Canada | – | – | Fiber-optic internet, TV, and fixed-line telephone services provider | |
| bt.com | 1981 | London, United Kingdom | – | 97 | Provider of mobile phones and fiber broadband services for home & business | |
| rogers.com | 1935 | Toronto, Canada | $1M | 24,500 | Wireless, TV, internet, and media services are provided across Canada. | |
| ciena.com | 1992 | Hanover, United States | – | 412 | Cloud-based network management software is provided for infrastructure planning. | |
| centurylink.com | 1930 | Monroe, United States | – | 25,928 | Datacenter colocation, communication technology, and managed services are provided. | |
| fpt.vn | 1997 | Hanoi, Vietnam | $36.5M | – | Broadband internet, IPTV, and data services are offered in Vietnam. | |
| bezeq.co.il | 1984 | Tel Aviv, Israel | – | – | Telecom services provider in Israel |
Detailed competitors of Silknet
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of Silknet
The website of Silknet (silk.ge) receives about 86.1K visits a month.
- Monthly visits86.1K
▲ 907.6% vs previous month
Websites whose visitors overlap most with Silknet. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
silktv.ge | silktv.ge | 100% | – | #227,543 | – |
silknet.ge | silknet.ge | 97% | – | – | – |
Similar companies to Silknet
10 companies that operate in the same segment as Silknet (Telecom Operators), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
MTN Group is recognized as a leading telecommunications provider in Africa. | 1994 | Johannesburg, Gauteng, South Africa | USD 7.05 M | USD 13.7 B | – | |
Global telecommunications company | 1995 | Delhi, Delhi, India | USD 292 M | USD 4.86 B | 4,250 | |
Telephony, internet, television, and network-based ICT services are provided. | 1994 | Brussels, Brussels-capital Region, Belgium | – | USD 7.08 B | 11,634 | |
Mobile telecommunications, internet, and energy services are provided globally. | 1981 | Tokyo, Tokyo, Japan | – | USD 44.14 B | 74,952 | |
Mobile internet, TV, and telecommunication services are provided. | 1876 | Dallas, Texas, United States | – | USD 125.65 B | 140,990 | |
Mobile internet services are provided for homes and offices. | 1981 | North Ryde, New South Wales, Australia | USD 19.72 M | – | – | |
Sky is recognized as a provider of TV, broadband, and mobile services. | 1990 | Isleworth, England, United Kingdom | – | – | 31,000 | |
Mobile and fixed-line telecommunication services are provided across Europe. | 1989 | The Hague, South Holland, Netherlands | – | USD 6.82 B | 9,660 | |
Provider of integrated telecommunication services | 1984 | Seoul, South Korea | – | USD 11.84 B | 5,490 | |
Integrated telecom and IPTV services are provided to Canadian customers. | 1874 | Vancouver, British Columbia, Canada | – | USD 14.86 B | 106,800 |
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Frequently Asked Questions about Silknet
Silknet was founded in 2020 and raised its 1st funding round 2 years after it was founded.
Silknet is headquartered in Tbilisi, Georgia.
Silknet provider of internet services, focusing on telecom, telecom operators, broadband, wired, and fiber optics. It serves clients with dedicated solutions, emphasizing quality, innovation, and sustainable growth in its core markets. It continues to evolve, meeting industry challenges with strategic approaches.
Silknet offers Silk App, Withdrawal Service, Loan Service, and Currency Exchange.
Silknet has made 1 acquisition, including Geocell.