About YITH
YITH is a company based in Tenerife (Spain) founded in 2012 by Nando Pappalardo was acquired by Newfold Digital in March 2022.. YITH operates in a competitive market with competitors including StoreFront, SkyVerge, Iconic, Woo Sell Services and WisdmLabs, among others.
- Headquarter Tenerife, Spain
- Founders Nando Pappalardo
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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
*********
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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
Newfold Digital
& 1 more
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Employee Count
Employee Count
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Acquired by
Newfold Digital
(Mar 17, 2022)
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Funding Insights of YITH
| 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 YITH
YITH has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Newfold Digital and Siris Capital. 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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Private equity investments are focused on technology and telecom firms.
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Founded Year | Domain | Location | |
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Web hosting, IT, and marketing services are provided globally.
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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 YITH
| 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 - YITH
| 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 |
Yith Comparisons
Competitors of YITH
YITH 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 StoreFront, SkyVerge, Iconic, Woo Sell Services and WisdmLabs, 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 |
E-commerce solutions are offered for small and mid-sized businesses.
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| domain | founded_year | HQ Location |
Extension tools for WooCommerce eCommerce stores are developed and provided.
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| domain | founded_year | HQ Location |
Multiple plugins for WooCommerce stores are provided by Iconic.
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| domain | founded_year | HQ Location |
WooCommerce plugin enabling online service listing, sales, and marketplace integration.
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| domain | founded_year | HQ Location |
Delivers comprehensive web solutions using open source technologies.
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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 YITH
When was YITH founded?
YITH was founded in 2012.
Where is YITH located?
YITH is headquartered in Tenerife, Spain. It is registered at Tenerife, Canary Islands, Spain.
Who is the current CEO of YITH?
Nando Pappalardo is the current CEO of YITH. They have also founded this company.
What does YITH do?
YITH was founded in 2012 in Tenerife, Spain, focusing on the eCommerce sector. Tools for WooCommerce stores are provided, encompassing admin functions, front-end enhancements, marketing features, order management, reporting capabilities, payment integrations, and shipping options. Operations center on extending platform functionality for online retailers, with services tailored to store optimization and management needs.
Who are the top competitors of YITH?
YITH's top competitors include StoreFront, SkyVerge and Iconic.
Who are YITH's investors?
YITH has 2 investors. Key investors include Newfold Digital, and Siris Capital.
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