Oda Norway AS
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Oda Norway AS - overview
Established
2013
Location
Oslo, -, Norway
Primary Industry
Retail
About
Based in Oslo, Norway, and founded in 2013, Oda Norway AS provides an online marketplace of consumer goods and recipes that enables users to receive ordered items through delivery. The company was co-founded by Andreas Skaranger, Christian Mikalsen, Ida Johnsen, Jon Kåre Stene, Karl Kristian Mydske, CEO Karl Munthe-Kaas, Mats André Kristiansen, Mats Barlo, Tommy Gudmundsen, and Vegard Vik. In 2021, Kolonial. no AS raised NOK 1.
2 billion in venture funding, as a part of a larger NOK 2. 2 billion equity financing, from SB Investment Advisers. The venture funding values Kolonial. no AS at NOK 7.
5 billion post-money. As of 2019, the company staffs 510 employees. Oda Norway AS works with customers and offers an online grocery store. The company allows users to choose from different categories of fruits, vegetables, snacks, drinks, beauty products, and other consumer items through its mobile application.
Kolonial. no AS also allows users to browse recipes and receive ordered items through its delivery service. The company generates revenue based on goods sold online and the number of application downloads on the App Store and Google Play Store. Kolonial.
no AS reported revenue of EUR 200 million in 2020. Following the funding raised in 2021, the company plans to use the investment to expand markets, starting in Finland and then Germany in 2022.
Current Investors
Qualitas Funds, Kinnevik, Rasmussengruppen AS
Primary Industry
Retail
Sub Industries
Courier & Delivery Services, Supermarkets & Grocery Stores, Internet, Analytics & Performance Software
Website
www.oda.com
Verticals
E-commerce, Mobile Apps
Company Stage
Mature
Total Amount Raised
Subscriber access only
Oda Norway AS - timeline of key events
Oda Norway AS - financials
| Fiscal Year Ended | Dec 31, 2014 | Dec 31, 2015 | Dec 31, 2016 | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 13,136,635 | 74,532,091 | 424,021,496 | 797,592,893 | 914,919,943 | 1,090,669,131 | 1,976,030,360 | 2,489,884,197 | - | - | - |
| % Revenue Growth (YoY) | - | 467.4% | 468.9% | 88.1% | 14.7% | 19.2% | 81.2% | 26.0% | - | - | - |
| EBITDA (USD) | (6,494,696) | (21,800,251) | (111,227,487) | (247,465,978) | (156,139,317) | (127,404,518) | (64,636,180) | (252,599,139) | - | - | - |
| Operating Income (USD) | (6,809,231) | (23,723,736) | (117,414,589) | (259,968,538) | (174,131,672) | (151,695,397) | (92,866,833) | (283,728,235) | - | - | - |
| Operating Margin | (51.8%) | (31.8%) | (27.7%) | (32.6%) | (19.0%) | (13.9%) | (4.7%) | (11.4%) | - | - | - |
| % EBITDA Margin | (49.4%) | (29.2%) | (26.2%) | (31.0%) | (17.1%) | (11.7%) | (3.3%) | (10.1%) | - | - | - |
| NET Income (USD) | (6,941,759) | (24,657,333) | (118,818,185) | (165,744,096) | (149,121,216) | (137,941,195) | (104,359,311) | (226,550,969) | - | - | - |
| % Net Margin | (52.8%) | (33.1%) | (28.0%) | (20.8%) | (16.3%) | (12.6%) | (5.3%) | (9.1%) | - | - | - |
Oda Norway AS - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Buyout | Completed | Oda Norway AS | - |
Displaying 1 - 1 of 1
Oda Norway AS - employee data
Oda Norway AS - key contacts
| Name | Position | Start Date | End Date | Vcard | Bio | ||
|---|---|---|---|---|---|---|---|
| Member of the Board | BM |
BM Board Member
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