About Shop101
Shop101 is a company based in Mumbai (India) founded in 2015 by Kalpak Chhajed was acquired by Glance in June 2021.. Shop101 has raised $22.02 million across 3 funding rounds from investors including Glance AI, Stellaris Venture Partners and Groundupp Ventures. The company has 161 employees as of March 31, 2024. Shop101 offers products and services including Shop101 App and Reselling Service. Shop101 operates in a competitive market with competitors including Flipkart, Myntra, Nykaa, Amazon and Snapdeal, among others.
- Headquarter Mumbai, India
- Employees 161 as on 31 Mar, 2024
- Founders Kalpak Chhajed
- Stage Minicorn
-
Sectors
Retail
-
Email
***********
-
Phone
*********
-
Website
*********
-
Social
*********
- Legal Name O(1) India Private Limited
- Date of Incorporation 05 Jun, 2015
- Jurisdiction Mumbai, Maharashtra, India
-
Annual Revenue
$10.24 M (USD)145.97as on Mar 31, 2022
-
Net Profit
$-5.55 M (USD)-28.98as on Mar 31, 2022
-
EBITDA
$-11.1 M (USD)-153as on Mar 31, 2022
-
Total Equity Funding
$22.02 M (USD)
in 3 rounds
-
Latest Funding Round
$5.62 M (USD), Series C
Mar 13, 2020
-
Investors
Glance AI
& 10 more
-
Employee Count
161
as on Mar 31, 2024
-
Acquired by
Glance
(Jun 14, 2021)
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
Products & Services of Shop101
Shop101 offers a comprehensive portfolio of products and services, including Shop101 App and Reselling Service. 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.
App for sharing and reselling products online without investment.
Service for managing payments and deliveries in online reselling.
Unlock access to complete
Unlock access to complete
Funding Insights of Shop101
Shop101 has successfully raised a total of $22.02M across 3 strategic funding rounds. The most recent funding activity was a Series C round of $5.62 million completed in March 2020. 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 3
- Last Round Series C — $5.6M
-
First Round
First Round
(26 Jun 2018)
- Investors Count 10
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2020 | Amount | Series C - Shop101 | Valuation | Stellaris Venture Partners , Unilever Ventures |
|
| Nov, 2018 | Amount | Series B - Shop101 | Valuation | Kalaari Capital , Unilever Ventures | |
| Jun, 2018 | Amount | Series A - Shop101 | Valuation | Stellaris 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 Shop101
Shop101 has secured backing from 11 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Glance AI, Stellaris Venture Partners and Groundupp 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 |
|---|---|---|---|---|
|
Venture capital firm investing in early-stage startups across fintech, software, and other sectors.
|
Founded Year | Domain | Location | |
|
Corporate-backed venture capital firm focused on consumer tech and multiple sectors
|
Founded Year | Domain | Location | |
|
Investments in early-stage technology companies are made by Kalaari Capital.
|
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 Shop101
| 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 - Shop101
| 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 |
Shop101 Comparisons
Competitors of Shop101
Shop101 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 Flipkart, Myntra, Nykaa, Amazon and Snapdeal, 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 |
Multi-category consumer products are offered via an online marketplace platform.
|
|
| domain | founded_year | HQ Location |
Fashion and lifestyle products are offered via an online marketplace.
|
|
| domain | founded_year | HQ Location |
Cosmetics, skincare, haircare, and wellness products are retailed online.
|
|
| domain | founded_year | HQ Location |
Multi-category products are offered through an online marketplace.
|
|
| domain | founded_year | HQ Location |
Discounted products across multiple categories are sold online.
|
|
| domain | founded_year | HQ Location |
Online marketplace platform offering multi-category consumer products
|
| 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 Shop101
Frequently Asked Questions about Shop101
When was Shop101 founded?
Shop101 was founded in 2015 and raised its 1st funding round 3 years after it was founded.
Where is Shop101 located?
Shop101 is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Is Shop101 a funded company?
Shop101 is a funded company, having raised a total of $22.02M across 3 funding rounds to date. The company's 1st funding round was a Series A of $5M, raised on Jun 26, 2018.
How many employees does Shop101 have?
As of Mar 31, 2024, the latest employee count at Shop101 is 161.
What is the annual revenue of Shop101?
Annual revenue of Shop101 is $10.24M as on Mar 31, 2022.
What does Shop101 do?
Shop101 was founded in 2015 in Mumbai, India, as an e-commerce platform focused on reselling. Retailers are enabled to build digital stores, upload product catalogs, and generate unique mobile links for sales. Integration with WhatsApp, Facebook, and Instagram supports direct consumer transactions. The service operates through mobile applications available on Android and iOS, facilitating multi-category product distribution across social channels.
Who are the top competitors of Shop101?
What products or services does Shop101 offer?
Shop101 offers Shop101 App and Reselling Service.
Who are Shop101's investors?
Shop101 has 11 investors. Key investors include Glance AI, Stellaris Venture Partners, Groundupp Ventures, Unilever Ventures, and Kalaari Capital.
What is Shop101's valuation?
The valuation of Shop101 is $65.56M as of Mar 2020.
Book a demo & talk to our team
Share a few details and we’ll reach out to schedule a session.