Ninja Valuation, Funding & Investors

ezCater is a Boston-headquartered online marketplace connecting users with local caterers for food orders. Founded in 2007, the platform facilitates group meals and events through ezcater.com, partnering with thousands of vendors nationwide.

GoTo is an Indonesian ecosystem that combines ride-hailing, delivery, and financial services under one app. The company operates primarily in Indonesia and is the product of a merger between Gojek and Tokopedia in May 2021, but recently divested the e-commerce business into a combined entity with TikTok Indonesia in 2024. Looking ahead, we expect the on-demand service to account for the majority of revenue while its financial services begin to ramp. Prior to the deconsolidation, 82% of nonfinancial services gross transactional value came from e-commerce, and the firm will begin to expand into financial services such as providing loans and buy now, pay later programs. The company competes with Grab in the ride-hailing and delivery business.

Talabat Holding PLC is engaged in the on-demand online food ordering, delivery, takeaway and groceries and convenience retail marketplace in the MENA region, with operations in the UAE, Kuwait, Qatar, Bahrain, Egypt, Oman, Jordan, and Iraq.

Swiggy Ltd is a consumer-first technology company offering users an easy to use convenience platform, accessible through a unified app to browse, select, order and pay for food (Food Delivery), grocery and household items (Instamart), and have their orders delivered to their doorstep through on-demand delivery partner network. Its platform can be used to make restaurant reservations (Dineout) and for events bookings (SteppinOut). It has five business segments: Food Delivery, Out of home consumption, Quick commerce. Supply chain and distribution and Platform Innovations. Key revenue is generated from Food delivery business that offer on demand Food Delivery services through a network of restaurant partners and delivery partners, which is available through mobile application and or website.

Maplebear (Instacart) is a grocery-focused delivery marketplace that connects national and regional grocers with consumers and couriers, and consumers with their favorite stores. Its app provides on-demand convenience for consumers, allows couriers to earn income, and helps grocers to scale their business through digital channels. The marketplace gathers valuable consumer behavior data, attracting consumer-packaged-goods advertisers that seek to reach consumers at the point of purchase. With approximately 600,000 shoppers and 1,800 retail partners, Instacart delivers to about 98% of households in the United States and Canada.

Andela is a global talent network, founded in 2014 in Lagos, Nigeria, that connects companies with vetted remote software engineers, initially sourced from Africa and now spanning more than 80 countries. Clients including GitHub, Cloudflare, and ViacomCBS use the platform to build remote engineering teams, with engineers placed for an average of 18 months per engagement. The company operates fully remotely and has grown from an African developer-training program into a global remote-engineering marketplace.

Pacaso is a San Francisco-headquartered marketplace for fractional ownership of vacation homes. Founded in 2020, it facilitates purchases of 1/8 to 1/2 shares in luxury properties in destinations like Napa Valley, Aspen, and Paris. Pacaso manages LLCs, properties, and app-based scheduling for owners. The platform expanded to the UK in 2022, handling resales and concierge services.

Amsterdam-based Picnic runs a tech-powered grocery delivery service across the Netherlands, functioning as a modern milkman for fast-moving consumer goods ordered via mobile app.

ShopMy is a curated commerce platform that connects premium brands, creators, and consumers through human-selected product recommendations rather than algorithmic feeds. Founded in 2020 by Harry Rein, Tiffany Lopinsky, and Chris Tinsley, it gives brands tools to run influencer campaigns, lets creators monetize recommendations, and offers consumers personalized shopping feeds through a feature called Circles, working with more than 1,200 brand partners including Lululemon, Nordstrom, Dior, and Gucci. The company is based in New York City and operates in more than 130 countries.

Tujia is a Beijing-headquartered vacation rental platform dominating China's homestay market. It lists over 1 million properties including apartments and villas across 345 domestic and 1,037 international destinations like Japan and Thailand. Founded in 2011, Tujia verifies listings through local inspections and backs bookings with a RMB 10 million compensation fund. Partnerships with Ctrip and Qunar drive 100 million annual users, with RBA services managing full operations for hosts in Beijing and Guangzhou.

Upside is a cashback marketplace enhancing value for brick-and-mortar retailers and consumers across the U.S. Washington D.C.-headquartered, it offers personalized rewards at gas stations, grocery stores, and restaurants like Shell, BP, and Safeway. The app verifies purchases via linked cards, directing 1 percent of revenue to local sustainability projects. Launched in 2016, Upside processes billions in annual transactions.

Cabify is a Madrid-headquartered ride-hailing service operating in Spain, Portugal, and Latin American countries including Mexico, Colombia, and Peru. The app offers economy, comfort, and premium vehicle classes with licensed professional drivers. Launched in 2011, Cabify integrates carbon offset options and corporate accounts for fleets. It competes in markets like Santiago and Buenos Aires with fixed pricing during peak hours.

CarTrade Tech Ltd is a multi-channel auto platform provider company. The company operates brands such as CarWale, CarTrade, Shriram Automall, BikeWale, CarTradeExchange, Adroit Auto, and AutoBiz. The platform connects new and used automobile customers, vehicle dealers, vehicle OEMs, and other businesses to buy and sell different types of vehicles. The company operates within three segments: the Consumer Group, Remarketing Group, and Classifieds Group.

Kitopi is a Kitchen as a Service platform enabling restaurants to launch delivery-only venues with managed kitchens and software infrastructure. Operating in the United Arab Emirates, Saudi Arabia, Kuwait, and Bahrain since 2018, it supports rapid expansion for food brands minimizing upfront investments. The model facilitates virtual restaurant concepts across the Gulf region.

E-Finance For Digital And Financial Investments SAE is developing integrated platforms in Egypt's digital revolution. It is a fintech platform and developer of digital payments infrastructures. The company invests in platforms and solutions that serve everyone from government agencies to ordinary consumers. The business has seven operating segments; Services and operation of cards, Integrated solutions, installation, and technical support services, card center services, hosting services, maintenance and network contracts, and others. It derives a majority of its revenue from the Services and operation of the cards segment.

Seoul-based Bucketplace operates Ohouse, Korea's dominant all-in-one interior design platform. Founded in 2014, the app enables users to share authentic home designs, purchase furnishings, and hire renovation experts. Global rollout began in July 2022 across Japan, Indonesia, and the United States, with commerce features debuting in Japan during October 2024.

Papa is a Miami-headquartered platform connecting college and nursing students with seniors for companionship, transportation, household chores, and technology training. Launched in 2018, the service operates in over 30 U.S. states, enabling older adults to maintain independence at home. Papa partners with health plans like Humana and Aetna to deliver on-demand assistance nationwide.

Papa Group coordinates property renovation and maintenance services from Hong Kong. Its Papabo platform connects homeowners with in-house teams for design, construction, and repairs. PapaHome integrates Taobao-sourced home goods for online-to-offline retail. The group partners with TaoWorld for corporate global procurement and runs PapaCare nonprofit for elderly and low-income community support.