About weg.de
weg.de is a company based in Munchen (Germany) founded in 2009 by Aleksandar Vucak was acquired by Lastminute in December 2017.. The company has 50 employees as of December 31, 2021. weg.de operates in a competitive market with competitors including Traveloka, Priceline, Despegar, MakeMyTrip and Lastminute, among others.
- Headquarter Munchen, Germany
- Employees 50 as on 31 Dec, 2021
- Founders Aleksandar Vucak
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Sectors
Travel & Hospitality
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Comvel Gmbh
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Annual Revenue
$27.92 M (USD)104as on Dec 31, 2022
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Net Profit
$6.68 M (USD)56as on Dec 31, 2022
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EBITDA
$6.68 M (USD)56as on Dec 31, 2022
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Latest Funding Round
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Investors
Lastminute
& 1 more
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Employee Count
50
as on Dec 31, 2021
- Acquired by
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Funding Insights of weg.de
| 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 weg.de
weg.de has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include Lastminute and ProSiebenSat.1 Media. 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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Online platform offering to stream live TV
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Founded Year | Domain | Location | |
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Last-minute bookings for travel and entertainment are facilitated online.
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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 weg.de
| 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 - weg.de
| 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 |
Weg.De Comparisons
Competitors of weg.de
weg.de 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 Traveloka, Priceline, Despegar, MakeMyTrip and Lastminute, 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 |
Multiple travel services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
Travel services are booked via an AI-powered platform.
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| domain | founded_year | HQ Location |
Multiple travel services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
Online bookings for flights, hotels, and travel packages are facilitated.
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| domain | founded_year | HQ Location |
Last-minute bookings for travel and entertainment are facilitated online.
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| domain | founded_year | HQ Location |
Online platform for booking multiple travel services
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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 weg.de
When was weg.de founded?
weg.de was founded in 2009.
Where is weg.de located?
weg.de is headquartered in Munchen, Germany. It is registered at Munchen, Bayern, Germany.
How many employees does weg.de have?
As of Dec 31, 2021, the latest employee count at weg.de is 50.
What is the annual revenue of weg.de?
Annual revenue of weg.de is $27.92M as on Dec 31, 2022.
What does weg.de do?
Weg.de was founded in 2009 in Munich, Germany, and operates as an online travel agency in the tourism sector. Flights, hotels, cruises, vacation rentals, city tours, rental cars, and related services are made available for discovery, comparison, and booking. Customizable all-inclusive holiday packages are offered, along with discounts for last-minute reservations, primarily through the domain weg.de.
Who are the top competitors of weg.de?
weg.de's top competitors include MakeMyTrip, Ixigo and Despegar.
Who are weg.de's investors?
weg.de has 2 investors. Key investors include Lastminute, and ProSiebenSat.1 Media.
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