About SecondShop
SecondShop is a company based in Toronto (Canada) founded in 2023 by Cedric George.. SecondShop has raised $1.47 million across 1 funding round from investors including Harvest Ventures. SecondShop operates in a competitive market with competitors including CDI Computers, REfficient, Techswapzone, DOKAN and ReSellItNow, among others.
- Headquarter Toronto, Canada
- Founders Cedric George
-
Sectors
Retail
-
Phone
*********
-
Website
*********
-
Social
*********
-
Annual Revenue
-
Net Profit
-
EBITDA
-
Total Equity Funding
$1.47 M (USD)
in 1 rounds
-
Latest Funding Round
$1.47 M (USD), Seed
Sep 16, 2024
- Investors
-
Employee Count
Employee Count
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Funding Insights of SecondShop
SecondShop has successfully raised a total of $1.47M through 1 strategic funding round. The most recent funding activity was a Seed round of $1.47 million completed in September 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 1
- Last Round Seed — $1.5M
-
First Round
First Round
(16 Sep 2024)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2024 | Amount | Seed - SecondShop | Valuation | Harvest Venture Partners |
|
| 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 |
Investors in SecondShop
SecondShop has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Harvest Ventures. 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 |
|---|---|---|---|---|
|
Harvest Ventures is focused on early-stage fintech investments.
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by SecondShop
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
Financial Statements - SecondShop
| 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 |
Secondshop Comparisons
Competitors of SecondShop
SecondShop operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as CDI Computers, REfficient, Techswapzone, DOKAN and ReSellItNow, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Refurbished and new computers are distributed to institutions and corporates.
|
|
| domain | founded_year | HQ Location |
Operates as an online marketplace for used IT equipment.
|
|
| domain | founded_year | HQ Location |
Provides web development, app creation, and business consulting services to clients.
|
|
| domain | founded_year | HQ Location |
Operates an online marketplace for buying and selling second-hand consumer electronics.
|
|
| domain | founded_year | HQ Location |
Provides platform for buying and selling used smartphones, tablets, and electronics online.
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Latest news on Secondshop
Frequently Asked Questions about SecondShop
When was SecondShop founded?
SecondShop was founded in 2023 and raised its 1st funding round 1 year after it was founded.
Where is SecondShop located?
SecondShop is headquartered in Toronto, Canada. It is registered at Toronto, Ontario, Canada.
Is SecondShop a funded company?
SecondShop is a funded company, having raised a total of $1.47M across 1 funding round to date. The company's 1st funding round was a Seed of $1.47M, raised on Sep 16, 2024.
What does SecondShop do?
SecondShop was founded in 2023 in Toronto, Canada, as an e-commerce platform focused on second-hand household appliances. A variety of items, including fridges, washers, and dishwashers, is offered to buyers seeking affordable options. Sustainability is prioritized through the reuse of pre-owned goods, with operations centered on an online marketplace accessible across Canada.
Who are the top competitors of SecondShop?
SecondShop's top competitors include CDI Computers, REfficient and Techswapzone.
Who are SecondShop's investors?
SecondShop has 1 investor. Key investors include Harvest Ventures.