About Target
Target is a company based in Minneapolis (United States) founded in 1962 was acquired by Nova Leap Health in September 2020. It operates as a Direct-to-Consumer (D2C). The company has 440,000 employees as of January 31, 2024. Target has completed 8 acquisitions, including Cooking.com, Deliv and DermStore. Target offers products and services including Retail Products and Target Circle. Target operates in a competitive market with competitors including UST, Genpact, 1&1 IONOS, Happiest Minds and Accenture, among others.
- Headquarter Minneapolis, United States
- Employees 440000 as on 31 Jan, 2024
- Stage Public
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Sectors
Retail
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Target Corporation
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Annual Revenue
$106.57 B-0.79as on Jan 31, 2024
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Net Profit
$4.09 B-1.14as on Jan 31, 2024
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EBITDA
$8.62 B0.06as on Jan 31, 2024
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Latest Funding Round
$1 B (USD), Debt – Conventional
Apr 02, 2019
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Investors
Nova Leap Health
& 1 more
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Employee Count
440000
as on Jan 31, 2024
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Investments & Acquisitions
Cooking.com
& 7 more
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Acquired by
Nova Leap Health
(Sep 03, 2020)
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IPO & Listings of Target
Target is a publicly listed company on the NYSE with ticker symbol TGT in USA, operating in the Retail trade sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of Target
Target offers a comprehensive portfolio of products and services, including Retail Products and Target Circle. 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.
Various products are offered across multiple consumer categories.
Membership benefits are provided for savings and deals.
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Leadership Team
145 people
Software Development Team
117 people
Human Resources and Administration
114 people
Operations Team
61 people
Senior Team
29 people
Product Management Team
24 people
Finance and Accounting
19 people
Sr. Team
16 people
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Funding Insights of Target
- Total Funding Total Funding
- Total Rounds 3
- Last Round Debt – Conventional — $1.0B
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First Round
First Round
(01 Jun 2017)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2019 | Amount | Debt – Conventional - Target | Valuation |
investors |
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| Mar, 2018 | Amount | Post-IPO - Target | Valuation |
investors |
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| Jun, 2017 | Amount | Debt – Conventional - Target | Valuation |
investors |
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| 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 Target
Target has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include Nova Leap Health and Sawtooth Solutions. 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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Cloud-based platform for asset management in wealth oversight is offered.
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Founded Year | Domain | Location | |
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Provider of elderly care companionship services
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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 Target
Target has strategically engaged in corporate development activities, having acquired 8 companies. Notable acquisitions include Cooking.com, Deliv and DermStore. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| 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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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On-demand grocery and essentials delivery is facilitated via mobile app.
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2014 | ||||
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Delivery management platform is provided for local companies.
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2013 | ||||
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Intelligent eCommerce search software is developed for personalized results.
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2013 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Target
| 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 |
Target Comparisons
Competitors of Target
Target 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 UST, Genpact, 1&1 IONOS, Happiest Minds and Accenture, 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 |
High-quality office furniture is provided by UST for various needs.
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| domain | founded_year | HQ Location |
Provider of end-to-end business process outsourcing services
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| domain | founded_year | HQ Location |
Cloud infrastructure and hosting services are provided by 1&1 IONOS.
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| domain | founded_year | HQ Location |
IT outsourcing services are delivered across multiple business lines.
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| domain | founded_year | HQ Location |
IT and management consultancy services are provided globally.
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| domain | founded_year | HQ Location |
Application development, cloud, cybersecurity, and business intelligence services are provided.
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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 Target
Frequently Asked Questions about Target
When was Target founded?
Target was founded in 1962 and raised its 1st funding round 55 years after it was founded.
Where is Target located?
Target is headquartered in Minneapolis, United States. It is registered at Minneapolis, Minnesota, United States.
Who is the current CEO of Target?
Brian Cornell is the current CEO of Target.
How many employees does Target have?
As of Jan 31, 2024, the latest employee count at Target is 440,000.
What is the annual revenue of Target?
Annual revenue of Target is $106.57B as on Jan 31, 2024.
What does Target do?
A diverse selection of products including clothing, home goods, electronics, and groceries is offered by Target. Operations are focused on discount retail, catering to various customer needs through physical stores and online platforms. Seasonal and trending items are emphasized, alongside loyalty programs like Target Circle for enhanced savings.
Who are the top competitors of Target?
Target's top competitors include Happiest Minds, Mavenir and 1&1 IONOS.
What products or services does Target offer?
Target offers Retail Products and Target Circle.
Is Target publicly traded?
Yes, Target is publicly traded on NYSE under the ticker symbol TGT.
How many acquisitions has Target made?
Target has made 8 acquisitions, including Cooking.com, Deliv, and DermStore.
Who are Target's investors?
Target has 2 investors. Key investors include Nova Leap Health, and Sawtooth Solutions.
What is Target's ticker symbol?
The ticker symbol of Target is TGT on NYSE.
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