About Welbilt
Welbilt is a company based in New Port Richey (United States) founded in 1929 was acquired by Middleby in April 2021.. The company has 22 employees as of March 27, 2024. Welbilt has completed 1 acquisition, including Crem coffee. Welbilt offers products and services including Foodservice Equipment and Kitchen Innovations.
- Headquarter New Port Richey, United States
- Employees 22 as on 27 Mar, 2024
- Stage Public
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Sectors
Industrial Goods & Manufacturing
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Welbilt Foodservice India Private Limited
- Date of Incorporation 20 Nov, 2015
- Jurisdiction Gurgaon, Haryana, India
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Annual Revenue
$16.91 M (USD)68.97as on Mar 31, 2023
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Net Profit
$2.18 M (USD)115.23as on Mar 31, 2023
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EBITDA
$2.92 M (USD)2006.03as on Mar 31, 2023
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Latest Funding Round
$1.3 B (USD), Debt – Conventional
Oct 24, 2018
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Investors
Goldman Sachs
& 3 more
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Employee Count
22
as on Mar 27, 2024
- Investments & Acquisitions
- Acquired by
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Products & Services of Welbilt
Welbilt offers a comprehensive portfolio of products and services, including Foodservice Equipment and Kitchen Innovations. 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.
Equipment is developed for improving productivity and quality in foodservice settings, with features like energy efficiency and easy sanitation.
Solutions such as mobile connectivity and sustainable systems are provided to support operations in commercial kitchens.
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Funding Insights of Welbilt
- Total Funding Total Funding
- Total Rounds 2
- Last Round Debt – Conventional — $1.3B
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First Round
First Round
(06 Mar 2017)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2018 | Amount | Debt – Conventional - Welbilt | Valuation |
investors |
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| Mar, 2017 | Amount | Debt – Conventional - Welbilt | 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 Welbilt
Welbilt has secured backing from 3 investors, including venture fund and institutional investors. Prominent investors backing the company include Goldman Sachs, JPMorgan Chase and Middleby. 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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Investment banking services are delivered across multiple financial sectors.
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Founded Year | Domain | Location | |
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Financial services are provided to consumers and corporations worldwide.
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Founded Year | Domain | Location | |
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Manufacturer of commercial and residential cooking equipment
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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 Welbilt
Welbilt has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Crem coffee. 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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Manufacturer of professional coffee machines and grinders
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0 |
| 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 - Welbilt
| 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 |
Welbilt Comparisons
Competitors of Welbilt
| 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 Welbilt
When was Welbilt founded?
Welbilt was founded in 1929 and raised its 1st funding round 88 years after it was founded.
Where is Welbilt located?
Welbilt is headquartered in New Port Richey, United States. It is registered at New Port Richey, Florida, United States.
How many employees does Welbilt have?
As of Mar 27, 2024, the latest employee count at Welbilt is 22.
What is the annual revenue of Welbilt?
Annual revenue of Welbilt is $16.91M as on Mar 31, 2023.
What does Welbilt do?
Founded in 1929 and headquartered in New Port Richey, United States, Welbilt operates in the foodservice equipment sector. A range of kitchen appliances, including ovens, fryers, steamers, grills, and refrigeration units, is designed and produced. Integrated kitchen systems are offered to streamline workflows for operators from small restaurants to large chains. Aftermarket parts and services are provided to maintain product functionality across diverse foodservice environments.
What products or services does Welbilt offer?
Welbilt offers Foodservice Equipment and Kitchen Innovations.
How many acquisitions has Welbilt made?
Welbilt has made 1 acquisition, including Crem coffee.
Who are Welbilt's investors?
Welbilt has 3 investors. Key investors include Goldman Sachs, JPMorgan Chase, and Middleby.