About Shobitam
Shobitam is a company based in Sammamish (United States) founded in 2019 by Ambika Thyagarajan and Aparna Thyagarajan.. The company has 1 employees as of April 04, 2024. Shobitam has completed 2 acquisitions, including HouseOfBlouse and Isadora Life. Shobitam offers products and services including Sarees, Blouses, Jewelry, and Home Decor. Shobitam operates in a competitive market with competitors including Fashor, Suta, Dressfolk, Koskii and House of Chikankari, among others.
- Headquarter Sammamish, United States
- Employees 1 as on 04 Apr, 2024
- Founders Ambika Thyagarajan, Aparna Thyagarajan
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Sectors
Retail
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Email
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Phone
*********
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Website
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Social
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- Legal Name Shobitam India Private Limited
- Date of Incorporation 22 Dec, 2022
- Jurisdiction Bangalore South, Karnataka, India
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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
1
as on Apr 04, 2024
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Investments & Acquisitions
HouseOfBlouse
& 1 more
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Products & Services of Shobitam
Shobitam offers a comprehensive portfolio of products and services, including Sarees, Blouses, Jewelry, and Home Decor. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Traditional Indian garments for weddings and daily wear
Complementary pieces designed for sarees
Authentic pieces like silver and pearls
Items such as table runners and cushions
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Funding Insights of Shobitam
- Total Funding Total Funding
- Total Rounds 1
- Last Round Last Round
- First Round First Round
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2022 | Amount | Seed - Shobitam | Valuation |
investors |
| 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 Shobitam
Shobitam has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Hearth 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 |
|---|---|---|---|---|
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Venture funding for India's Creative, Cultural, and Circular economy sectors to enhance rural livelihoods.
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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 Shobitam
Shobitam has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include HouseOfBlouse and Isadora Life. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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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.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Ethnic wear for women is offered via an internet-first brand.
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2019 | ||||
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Custom blouses for women are designed and retailed online.
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2014 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Shobitam
| 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 |
Shobitam Comparisons
Competitors of Shobitam
Shobitam 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 Fashor, Suta, Dressfolk, Koskii and House of Chikankari, 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 |
Ethnic wear for women is offered via an internet-first brand.
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| domain | founded_year | HQ Location |
Online platform selling traditional Indian apparel and accessories.
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| domain | founded_year | HQ Location |
Handcrafted ethnic wear for women is offered online by Dressfolk.
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| domain | founded_year | HQ Location |
Ethnic wear for women is offered online by Koskii.
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| domain | founded_year | HQ Location |
Hand-embroidered Chikankari apparel for men and women is provided.
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| domain | founded_year | HQ Location |
Women's apparel is offered through an internet-first brand.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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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Latest news on Shobitam
Frequently Asked Questions about Shobitam
When was Shobitam founded?
Shobitam was founded in 2019 and raised its 1st funding round 3 years after it was founded.
Where is Shobitam located?
Shobitam is headquartered in Sammamish, United States. It is registered at Sammamish, Washington, United States.
Who is the current CEO of Shobitam?
Raghu Sethuraman is the current CEO of Shobitam.
How many employees does Shobitam have?
As of Apr 04, 2024, the latest employee count at Shobitam is 1.
What does Shobitam do?
Shobitam was founded in 2019 and is headquartered in Sammamish, United States. As an internet-first brand, operations focus on the fashion sector, specifically ethnic wear for women. The product catalog encompasses sarees, dupattas, petticoats, blouses, along with jewelry and accessories. Leadership includes co-founders Ambika Thyagarajan and Aparna Thyagarajan, with Raghu Sethuraman serving as CEO.
Who are the top competitors of Shobitam?
Shobitam's top competitors include Fashor, Dressfolk and House of Chikankari.
What products or services does Shobitam offer?
Shobitam offers Sarees, Blouses, Jewelry, and Home Decor.
How many acquisitions has Shobitam made?
Shobitam has made 2 acquisitions, including HouseOfBlouse, and Isadora Life.
Who are Shobitam's investors?
Shobitam has 1 investor. Key investors include Hearth Ventures.