About Tespars
Tespars is a company based in Riga (Latvia) founded in 2002. It operates as a B2C, and B2B. The company has 14 employees as of December 31, 2023. Tespars offers products and services including Power Tools, Garden Tools, Abrasive Products, and Screws and Nails. Tespars operates in a competitive market with competitors including Western Integrated Technologies, Odeals Plus, Kraft Fluid Systems, Asahi Sangyo Kaisha and The Fluid Power House, among others.
- Headquarter Riga, Latvia
- Employees 14 as on 31 Dec, 2023
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Sectors
Industrial Goods & ManufacturingAgriculture
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Phone
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Website
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Social
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- Legal Name Tespars
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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
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Employee Count
14
as on Dec 31, 2023
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Products & Services of Tespars
Tespars offers a comprehensive portfolio of products and services, including Power Tools, Garden Tools, Abrasive Products, and Screws and Nails. 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.
Electric tools for construction and drilling tasks
Equipment for lawn maintenance and trimming
Materials for grinding and cutting surfaces
Fasteners for construction and assembly
Funding Insights of Tespars
| 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 |
Investments & Acquisitions by Tespars
| 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 - Tespars
| 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 |
Tespars Comparisons
Competitors of Tespars
Tespars 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 Western Integrated Technologies, Odeals Plus, Kraft Fluid Systems, Asahi Sangyo Kaisha and The Fluid Power House, 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 |
Fluid power and electronic systems are manufactured and integrated.
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| domain | founded_year | HQ Location |
Supplies valves and liquid flow monitoring devices for industrial applications.
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| domain | founded_year | HQ Location |
Engineers hydraulic, electric drive, and electronic solutions for mobile OEMs.
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| domain | founded_year | HQ Location |
Distributes chemical, metal products, and plumbing equipment to businesses.
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| domain | founded_year | HQ Location |
Industrial fluid power systems are designed and manufactured for industry.
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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 Tespars
When was Tespars founded?
Tespars was founded in 2002.
Where is Tespars located?
Tespars is headquartered in Riga, Latvia.
How many employees does Tespars have?
As of Dec 31, 2023, the latest employee count at Tespars is 14.
What does Tespars do?
TESPARS operates as an online and physical store in Latvia, offering a wide range of tools, construction equipment, and garden technology. It provides products from brands like Makita and Festool, with options for delivery or in-store pickup in locations such as Rīga, Valmierā, and Smiltene. The company focuses on quality customer service, diverse inventory, and convenient shopping experiences for individual and wholesale clients.
Who are the top competitors of Tespars?
Tespars's top competitors include The Fluid Power House, Western Integrated Technologies and Odeals Plus.
What products or services does Tespars offer?
Tespars offers Power Tools, Garden Tools, Abrasive Products, and Screws and Nails.