About SmartBite
SmartBite is a company based in Petaling Jaya (Malaysia) founded in 2016.. SmartBite has raised $99.87 thousand across 3 funding rounds from investors including Rhombus Connexion, Orbit Startups and Marna Capital. SmartBite operates in a competitive market with competitors including Pop Meals, DeliverEat, FoodTime, Runningman and The Oriental Group, among others.
- Headquarter Petaling Jaya, Malaysia
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Sectors
Consumer
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Email
***********
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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
$99.87 K (USD)
in 3 rounds
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Latest Funding Round
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Investors
Rhombus Connexion
& 3 more
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Employee Count
Employee Count
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Funding Insights of SmartBite
SmartBite has successfully raised a total of $99.87K 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
- First Round First Round
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2022 | Amount | Seed - SmartBite | Valuation | Orbit Startups |
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| Sep, 2019 | Amount | Seed - SmartBite | Valuation |
investors |
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| Sep, 2016 | Amount | Seed - SmartBite | 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 SmartBite
SmartBite has secured backing from 4 investors, including venture fund and institutional investors. Prominent investors backing the company include Rhombus Connexion, Orbit Startups and Marna Capital. 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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Startups are incubated across sectors without restrictions.
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Founded Year | Domain | Location | |
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An investment firm focused on long-term growth and portfolio performance.
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Founded Year | Domain | Location | |
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Diversified operations are conducted across food industries.
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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 SmartBite
| 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 - SmartBite
| 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 |
Smartbite Comparisons
Competitors of SmartBite
SmartBite 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 Pop Meals, DeliverEat, FoodTime, Runningman and The Oriental Group, 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 |
On-demand food is delivered via an internet-first restaurant platform.
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| domain | founded_year | HQ Location |
Online food delivery company
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| domain | founded_year | HQ Location |
Food is ordered online from partnered restaurants via a platform.
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| domain | founded_year | HQ Location |
Restaurant food is discovered and delivered via an online platform.
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| domain | founded_year | HQ Location |
Restaurants are aggregated online for browsing, ordering, and doorstep delivery.
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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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Frequently Asked Questions about SmartBite
When was SmartBite founded?
SmartBite was founded in 2016.
Where is SmartBite located?
SmartBite is headquartered in Petaling Jaya, Malaysia. It is registered at Petaling Jaya, Selangor, Malaysia.
Is SmartBite a funded company?
SmartBite is a funded company, having raised a total of $99.87K across 3 funding rounds to date.
What does SmartBite do?
Founded in 2016 in Petaling Jaya, Malaysia, SmartBite operates in the food delivery sector as a platform for working professionals. Menus from various restaurants are sent to users via SMS for easy access. Online ordering is enabled through partnerships with catering companies, supporting team lunches and annual dinners. The service focuses on aggregating options and streamlining lunch deliveries in urban areas.
Who are the top competitors of SmartBite?
SmartBite's top competitors include Pop Meals, FoodTime and Runningman.
Who are SmartBite's investors?
SmartBite has 4 investors. Key investors include Rhombus Connexion, Orbit Startups, Marna Capital, and unknown.
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