About FreeShop.Ge
Freeshop.ge is an online retailer in Tbilisi Georgia. It sells electronics, cloth, TV, phones etc. It displays more than 31000 SKU and offers free delivery. It is integrated with e-moneyconnet, which enables users to shop using e-moneyconnet credentials. It was acquired by Smartex ( a courier and delivery services) in April 2012. It also acts as affiliate for Amazon, Buy.com, Aliexpress and other international online retailers. The domain is redirected to Swoop.ge. It has been merged with Swoop.ge post acquisition.
- Headquarter Tbilisi, Georgia
- Founders Lado Gurgenidze
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Sectors
Retail
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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
- Investors
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Employee Count
Employee Count
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Acquired by
Smartex
(Apr 01, 2012)
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Funding Insights of FreeShop.Ge
| 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 FreeShop.Ge
FreeShop.Ge has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Smartex GE. 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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Seed and early-stage venture capital investments are managed by Smartex.
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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 FreeShop.Ge
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
|
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.
|
2016 |
Financial Statements - FreeShop.Ge
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Freeshop.Ge Comparisons
Competitors of FreeShop.Ge
| 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 FreeShop.Ge
When was FreeShop.Ge founded?
FreeShop.Ge was founded in 2011.
Where is FreeShop.Ge located?
FreeShop.Ge is headquartered in Tbilisi, Georgia.
What does FreeShop.Ge do?
Freeshop.ge is an online retailer in Tbilisi Georgia. It sells electronics, cloth, TV, phones etc. It displays more than 31000 SKU and offers free delivery. It is integrated with e-moneyconnet, which enables users to shop using e-moneyconnet credentials. It was acquired by Smartex ( a courier and delivery services) in April 2012. It also acts as affiliate for Amazon, Buy.com, Aliexpress and other international online retailers. The domain is redirected to Swoop.ge. It has been merged with Swoop.ge post acquisition.
Who are FreeShop.Ge's investors?
FreeShop.Ge has 1 investor. Key investors include Smartex GE.