Cafe Bazaar
Entity IDIR-CO-003
SectorApp Dist.
Founded2011
HQTehran
VerificationReported
Last reviewed2026-07-10
Decision snapshot
Ownership
Acquired by Tapsell (Pegah Holding) on 24 January 2025; Hezardastan exited to focus on Divar
2025-01Third-party reported
PitchBook; intellinews ↗ · retrieved 2026-07-10
Deal price
~2 hemmat (≈2,000B toman ≈ $25M at the ~80,000 toman/$ period rate), stated on record by the buyer's CEO
2025-01Company disclosed
Tapsell CEO, on-record video interview (timestamped) ↗ · retrieved 2026-07-10
2017 valuation anchor
EUR 38M for 10% of Cafe Bazaar Group (then including Divar) implies ~EUR 380M pre-money
2017-Q4Third-party reported
Pomegranate Investment Q4 2017 update ↗ · retrieved 2026-07-10
Platform scale (pre-sale)
~20M weekly visits within Iran (undated pre-sale claim)
Pre-2025Third-party reported
Wikipedia ↗ · retrieved 2026-07-10
Every field carries an explicit evidence state and its source. Self-reported figures are labelled as such; nothing is presented with more certainty than its source supports.
Operating metrics — period-stamped
Post-acquisition disclosures2025–2026Not disclosed
None published since the January 2025 sale
Business model & group
ModelDurableThird-party reported
Iran's dominant local Android app store: distribution, in-app billing, promoted placement, developer services
Strategic roleCurrentTI derived
The store the Tehran Index App Index series is captured from weekly; platform-level shifts (e.g. the 2026 Bale delisting dispute) surface on our signal feed
Leadership
FoundersDurableThird-party reported
Reza Mohammadi & Hessam Armandehi (April 2011, within the Cafe Bazaar/Hezardastan family)
LeadershipCurrentNot disclosed
Pre-sale CEO: Manoochehr Sadri (registry). Post-acquisition leadership not disclosed
Corporate family
Tracked entities in the same corporate family. Ownership percentages appear in Ownership & capital only when disclosed.
Ownership & capital
Owner chain2025–Third-party reported
Tapsell → Pegah Dade Kavan Sharif (Pegah Holding; portfolio also includes Metrix and Fundorly)
Competitive set
Competitive setCurrentTI derived
Myket (primary store rival) · Sibche / Sibapp (iOS-focused stores)
Evidence timeline — how this record was built
2025-04-11Executive interviewExecutive interview — Sobhan Foroughi (Tapsell) ↗ — Sobhan Foroughi3 records
Primary sources catalogued in the Evidence Library; extracted claims appear above as period-stamped facts, never as current news.
Signals & timeline — Cafe Bazaar mentions
From the published signal feed; each record links to its source. All signals →
What we don't know
Current installed base and developer countNot disclosed
Written deal termsNot disclosed
Stated gaps are part of the record: in an opaque market, knowing what is NOT publicly established is as decision-relevant as what is.
Source ledger — every field, its evidence
| Field | Value | Period | Evidence | Source | Retrieved |
|---|---|---|---|---|---|
| Ownership | Acquired by Tapsell (Pegah Holding) on 24 January 2025; Hezardastan exited to focus on Divar | 2025-01 | Third-party reported | PitchBook; intellinews ↗ | 2026-07-10 |
| Deal price | ~2 hemmat (≈2,000B toman ≈ $25M at the ~80,000 toman/$ period rate), stated on record by the buyer's CEO | 2025-01 | Company disclosed | Tapsell CEO, on-record video interview (timestamped) ↗ | 2026-07-10 |
| 2017 valuation anchor | EUR 38M for 10% of Cafe Bazaar Group (then including Divar) implies ~EUR 380M pre-money | 2017-Q4 | Third-party reported | Pomegranate Investment Q4 2017 update ↗ | 2026-07-10 |
| Platform scale (pre-sale) | ~20M weekly visits within Iran (undated pre-sale claim) | Pre-2025 | Third-party reported | Wikipedia ↗ | 2026-07-10 |
| Post-acquisition disclosures | None published since the January 2025 sale | 2025–2026 | Not disclosed | · | 2026-07-10 |
| Model | Iran's dominant local Android app store: distribution, in-app billing, promoted placement, developer services | Durable | Third-party reported | Wikipedia; store documentation ↗ | 2026-07-10 |
| Strategic role | The store the Tehran Index App Index series is captured from weekly; platform-level shifts (e.g. the 2026 Bale delisting dispute) surface on our signal feed | Current | TI derived | Tehran Index App Index | 2026-07-10 |
| Founders | Reza Mohammadi & Hessam Armandehi (April 2011, within the Cafe Bazaar/Hezardastan family) | Durable | Third-party reported | Wikipedia ↗ | 2026-07-10 |
| Leadership | Pre-sale CEO: Manoochehr Sadri (registry). Post-acquisition leadership not disclosed | Current | Not disclosed | · | 2026-07-10 |
| Owner chain | Tapsell → Pegah Dade Kavan Sharif (Pegah Holding; portfolio also includes Metrix and Fundorly) | 2025– | Third-party reported | PitchBook ↗ | 2026-07-10 |
| Competitive set | Myket (primary store rival) · Sibche / Sibapp (iOS-focused stores) | Current | TI derived | Tehran Index registry mapping | 2026-07-10 |
Last full review: 2026-07-10 · Tehran Index research desk · corrections: desk@tehranindex.com
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Registered entity
Legal entityAvaye Hamrah Hooshmand Hezardastan
Entity typeoperating
StatusActive
Registered1392/10/14 (2014-01-04)
OwnershipAcquired by Tapsell (Pegah group); deal completed 22 Jan 2025. Hezardastan retained Divar.
Official contact
Registered addressNo. 8, Peyvand 2 St, Farhang Blvd, Saadat Abad, Tehran, Iran (3rd floor)
Postal code1997748311
Phone021-88372311
Emailinfo@cafebazaar.ir
Instagram@cafebazaar
Evidence & verification
Verification tierReported — single public source
Primary evidencecafebazaar.ir
Registry identifiersWithheld for compliance
Fields on this profile derive from linked public sources or the official company registry; unknown values stay blank rather than guessed, and estimates are always labelled. How we verify →
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