About Splend
Splend is a company based in London (United Kingdom) founded in 2015.. The company has 24 employees as of January 31, 2021. Splend offers products and services including Flexi Own Plans, Vehicle Sales, and Electric Vehicle Options. Splend operates in a competitive market with competitors including Hyrecar, WeFlex, DriveItAway, Tribecar and RideShare Rental, among others.
- Headquarter London, United Kingdom
- Employees 24 as on 31 Jan, 2021
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Sectors
Transportation, Automotive & Logistics
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Splend Ltd
- Date of Incorporation 22 Aug, 2017
- Jurisdiction LONDON, ENGLAND
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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
Macquarie Group
& 3 more
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Employee Count
24
as on Jan 31, 2021
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Products & Services of Splend
Splend offers a comprehensive portfolio of products and services, including Flexi Own Plans, Vehicle Sales, and Electric Vehicle Options. 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.
Weekly payment plans for car ownership including maintenance and insurance.
Sale of new and pre-owned cars for rideshare operations.
Electric cars with financing for eco-friendly rideshare driving.
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Funding Insights of Splend
- Total Funding Total Funding
- Total Rounds 4
- Last Round Last Round
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First Round
First Round
(12 Apr 2022)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2025 | Amount | Private Equity Round - Splend | Valuation | IFM Investors |
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| Dec, 2024 | Amount | Debt – Conventional - Splend | Valuation |
investors |
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| Jun, 2023 | Amount | Debt – Conventional - Splend | 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 Splend
Splend has secured backing from 4 investors, including venture fund and institutional investors. Prominent investors backing the company include Macquarie Group, Pollen Street and IFM Investors. 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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Multiple sectors including healthcare are invested in by IFM Investors.
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Founded Year | Domain | Location | |
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Clean energy investments are facilitated by this Australian corporation.
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Founded Year | Domain | Location | |
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Private equity firm focused on multiple sectors
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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 Splend
| 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 - Splend
| 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 |
Splend Comparisons
Competitors of Splend
Splend 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 Hyrecar, WeFlex, DriveItAway, Tribecar and RideShare Rental, 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 |
Cars are rented via an app-based platform to rideshare drivers.
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| domain | founded_year | HQ Location |
Online platform offering electric car-rental services for ride-hailing drivers
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| domain | founded_year | HQ Location |
Online car rental platform for ridesharing drivers
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| domain | founded_year | HQ Location |
Provides short-term car rental services.
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| domain | founded_year | HQ Location |
Car rentals for drivers are facilitated via an online platform.
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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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Latest news on Splend
Frequently Asked Questions about Splend
When was Splend founded?
Splend was founded in 2015 and raised its 1st funding round 7 years after it was founded.
Where is Splend located?
Splend is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
Who is the current CEO of Splend?
Chris King is the current CEO of Splend.
How many employees does Splend have?
As of Jan 31, 2021, the latest employee count at Splend is 24.
What does Splend do?
Splend was founded in 2015 in London, United Kingdom, as an online platform in the mobility sector. Car rentals are booked by rideshare drivers through submission of documents and payments. Vehicles are provided for use with services like Uber and Taxi99 to enable income earning. Revenue is derived from fixed fees on these rentals, supporting operations across the platform.
Who are the top competitors of Splend?
Splend's top competitors include Hyrecar, DriveItAway and WeFlex.
What products or services does Splend offer?
Splend offers Flexi Own Plans, Vehicle Sales, and Electric Vehicle Options.
Who are Splend's investors?
Splend has 4 investors. Key investors include Macquarie Group, Pollen Street, IFM Investors, and Clean Energy Finance Corporation.