Takeoff - About the company
Takeoff is a series C company based in Waltham (United States), founded in 2016 by Max Pedro. It operates as a Provider of logistics and fulfillment solutions for e-grocers. Takeoff has raised $76.6M in funding from Forrest Capital and IGNIA, with a current valuation of $*****. The company has 567 active competitors, including 105 funded and 31 that have exited. Its top competitors include companies like Choco, GoKwik and Anchanto.
Company Details
Provider of logistics and fulfillment solutions for e-grocers. It offers mini-warehouses using grocery-sorting robots to assemble orders for the retailers.
- Website
- takeoff.com
- Email ID
- *****@takeoff.com
- Phone Number
- +1 **********
- Registered Address
- Waltham, Massachusetts
Key Metrics
Founded Year
2016
Location
Waltham, United States
Stage
Series C
Total Funding
$76.6M in 4 rounds
Latest Funding Round
Post Money Valuation
$***** as on Sep 16, 2019
Investors
Ranked
16th among 567 active competitors
Employee Count
134 as on Dec 31, 2022
Investment & Acquisitions
Similar Companies
Legal entities associated with Takeoff
Takeoff is associated with 3 legal entities given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
TAKEOFF TECHNOLOGIES, INC. CIN: 5742472 , United States, Active | Apr 24, 2020 | - | - | - |
TAKEOFF INTERNATIONAL SUBCO INDIA PRIVATE LIMITED CIN: U72900MH2022FTC383121 , India, Active | May 23, 2022 | ₹10 - ₹50 Cr (As on Mar 31, 2025) | - | |
Takeoff Technologies, Inc. CIN: 813190552 , United States, Active | Dec 31, 2015 | - | 95 (As on Dec 31, 2023) | - |
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Takeoff's funding and investors
Takeoff has raised a total funding of $76.6M over 4 rounds. Its first funding round was on Nov 21, 2016. Its latest funding round was a Series C round on Sep 16, 2019 for $*****. 1 investor participated in its latest round. Takeoff has 5 institutional investors.
Here is the list of recent funding rounds of Takeoff:
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Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Sep 16, 2019 | 6883001 | Series C | 8542231 | 6873313 | 1023279 | 4982352 |
Mar 26, 2019 | 4611818 | Series B | 9307418 | 8933807 | 5586710 | 3048342 |
Jan 31, 2018 | 5092008 | Series A | 2863526 | 4576275 | 7598319 | 4395029 |
View details of Takeoff's funding rounds and investors
Takeoff's founders and board of directors
Founder? Claim ProfileThe founders of Takeoff is Max Pedro.
Here are the details of Takeoff's key team members:
- Max Pedro: Co-Founder & President of Takeoff and founder of 1 other company. Contact Info: 1 email address
View details of Takeoff's Founder profiles and Board Members
Takeoff's employee count trend
Takeoff has 134 employees as of Dec 22. The total employee count is 44.0% lower than what it was in Dec 21. Here is Takeoff's employee count trend over the years:
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Takeoff's Competitors and alternates
Top competitors of Takeoff include Choco, GoKwik and Anchanto. Here is the list of Top 10 competitors of Takeoff, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Provider of a platform streamlining order and payment processes for distributors | $301M | 71/100 | ||
2nd | Provider of software tools for managing electronic commerce business operations | $73.8M | 68/100 | ||
3rd | Developer of e-commerce software and supply chain management solutions | $16.1M | 68/100 | ||
4th | Telexistence 2017, Tokyo (Japan), Series B | Manufacturer of remote controlled robots for automated retail labor tasks | $210M | 65/100 | |
5th | Provider of cloud-based supply chain automation solutions | $6.02M | 65/100 | ||
6th | Provider of integrated e-commerce solutions including dark stores and delivery | $1.53M | 64/100 | ||
7th | Platform offering retail sales enablement and reward software | $72.3M | 62/100 | ||
8th | Bossa Nova 2005, San Francisco (United States), Series C | Provider of robots for retail stores | $69.6M | 61/100 | |
9th | Kiwibot 2017, Berkeley (United States), Series B | Provider of AI-based autonomous delivery robots | $24M | 60/100 | |
10th | Simbe Robotics 2014, San Francisco (United States), Series C | Developing robotic products for retail execution | $104M | 58/100 | |
16th | Takeoff 2016, Waltham (United States), Series C | Provider of logistics and fulfillment solutions for e-grocers | $76.6M | 53/100 |
Looking for more details on Takeoff's competitors? Click here to see the top ones
Takeoff's Investments and acquisitions
Takeoff has made 1 investment in Revolv Space and acquired Cartfresh.Reports related to Takeoff
Here is the latest report on Takeoff's sector:
News related to Takeoff
•
Woolworths Group acquires Takeoff Technologies’ assets for grocery fulfillmentThe Robot Report•Aug 22, 2024•Woolworths Group, Takeoff
•
Retail technology influencer Brittain Ladd weighs in on Takeoff Technologies Chapter 11 bankruptcy filingRetail Technology Innovation Hub•Jun 03, 2024•Takeoff
•
E-Grocer Takeoff Technologies Files for Bankruptcy to Sell AssetsThe Wall Street Journal•May 30, 2024•Takeoff
•
Takeoff Technologies Announces Strategic Appointment of Heather Carroll as Chief Revenue OfficerPRWeb•Feb 22, 2024•Takeoff
•
Hy-Vee to deploy micro-fulfillment centers from Takeoff TechnologiesGrocery Dive•Oct 12, 2023•Hy-Vee, Takeoff
•
•
Takeoff Technologies Partners with Tienda Inglesa to Enhance the Future of Grocery E-CommercePRWeb•May 18, 2022•Takeoff, Tienda Inglesa
•
Majid Al Futtaim automates fulfilment of online Carrefour orders in JeddahTrade Arabia•Jun 03, 2021•Majid Al Futtaim, Takeoff
•
Takeoff, Hussmann Form Alliance to Accelerate Grocery E-CommerceWinsight Grocery Business•Apr 02, 2021•Takeoff, Hussmann
•
Majid Al Futtaim automates fulfilment of online Carrefour ordersTrade Arabia•Mar 08, 2021•Majid Al Futtaim, Takeoff
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