About Sponge Group
Sponge Group is a company based in Ikeja (Nigeria) founded in 2001 was acquired by NEOM in March 2006.. Sponge Group operates in a competitive market with competitors including Xponential Fitness, Carnival Corporation, Forum Brands, Tegna and Pico Group, among others.
- Headquarter Ikeja, Nigeria
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Sectors
Business Services
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Phone
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Website
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Social
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Funding Insights of Sponge Group
| 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 Sponge Group
Sponge Group has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include NEOM. 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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Developer of sustainable urban regions incorporating advanced technology and diverse 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 Sponge Group
| 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 - Sponge Group
| 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 |
Sponge Group Comparisons
Competitors of Sponge Group
Sponge Group 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 Xponential Fitness, Carnival Corporation, Forum Brands, Tegna and Pico 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 |
Branding services are provided to clients by Xponential Fitness.
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| domain | founded_year | HQ Location |
Provider of brand design services
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| domain | founded_year | HQ Location |
Platform offering brand management solutions
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| domain | founded_year | HQ Location |
Digital media broadcasting and TV services are operated by Tegna.
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| domain | founded_year | HQ Location |
Marketing and branding services are provided internationally by Pico Group.
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| domain | founded_year | HQ Location |
Digital marketing, branding, and SMM services are offered.
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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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Latest news on Sponge Group
Frequently Asked Questions about Sponge Group
When was Sponge Group founded?
Sponge Group was founded in 2001.
Where is Sponge Group located?
Sponge Group is headquartered in Ikeja, Nigeria. It is registered at Ikeja, Lagos, Nigeria.
What does Sponge Group do?
Sponge was founded in 2001 and is based in Ikeja, Nigeria. Operations are centered on branding services within the marketing sector. A range of branding solutions is offered through the domain spongegroup.com. The company focuses on client needs in brand development and strategy. Geographic activities are primarily conducted in Nigeria, supporting local and regional businesses with tailored services.
Who are the top competitors of Sponge Group?
Sponge Group's top competitors include Xponential Fitness, Carnival Corporation and Forum Brands.
Who are Sponge Group's investors?
Sponge Group has 1 investor. Key investors include NEOM.
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