About Somit Solutions
Somit Solutions is a company based in Abingdon (United Kingdom) founded in 2015 was acquired by KPIT in May 2022.. Somit Solutions operates in a competitive market with competitors including Belron, Kwik Fit, Steer Automotive Group, ABL 1Touch and ClickMechanic, among others.
- Headquarter Abingdon, United Kingdom
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Sectors
Transportation, Automotive & Logistics
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Phone
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Website
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Social
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Funding Insights of Somit Solutions
| 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 |
Investors in Somit Solutions
Somit Solutions has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include KPIT. 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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Autonomous driving and ADAS solutions are developed for vehicles.
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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 Somit Solutions
| 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 - Somit Solutions
| 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 |
Somit Solutions Comparisons
Competitors of Somit Solutions
Somit Solutions 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 Belron, Kwik Fit, Steer Automotive Group, ABL 1Touch and ClickMechanic, 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 |
Vehicle glass repair and replacement services are provided internationally.
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| domain | founded_year | HQ Location |
Automotive parts are manufactured and repair services are provided.
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| domain | founded_year | HQ Location |
Car repair services are provided across the United Kingdom.
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| domain | founded_year | HQ Location |
Automotive repair services are provided in the United Kingdom.
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| domain | founded_year | HQ Location |
Online garage aggregator for vehicle repair & maintenance services
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| domain | founded_year | HQ Location |
On-demand vehicle glass repair and maintenance services are delivered online.
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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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Frequently Asked Questions about Somit Solutions
When was Somit Solutions founded?
Somit Solutions was founded in 2015.
Where is Somit Solutions located?
Somit Solutions is headquartered in Abingdon, United Kingdom. It is registered at Abingdon, Oxfordshire, United Kingdom.
Who is the current CEO of Somit Solutions?
Julian Soanes is the current CEO of Somit Solutions.
What does Somit Solutions do?
Somit Solutions was established in 2015 in Abingdon, United Kingdom, as a provider in the automotive sector. Vehicle maintenance services are delivered to support fleet and individual owners, with operations centered on routine inspections, repairs, and diagnostics. The company is led by Managing Director Ben Bradley and CEO Julian Soanes, ensuring focused management in regional markets. Geographic emphasis remains on the United Kingdom, where standard industry practices are followed.
Who are the top competitors of Somit Solutions?
Somit Solutions's top competitors include Belron, ABL 1Touch and Fixter.
Who are Somit Solutions's investors?
Somit Solutions has 1 investor. Key investors include KPIT.
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