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
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Sectors
Retail
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Email
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Phone
Locked
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Website
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Social
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- Legal Name O(1) India Private Limited
- Date of Incorporation 05 Jun, 2015
- Jurisdiction Mumbai, Maharashtra, India
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Annual Revenue
$10.24 M (USD)145.97as on Mar 31, 2022
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Net Profit
-$5.55 M (USD)-28.98as on Mar 31, 2022
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EBITDA
-$11.1 M (USD)-153as on Mar 31, 2022
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Total Equity Funding
$22.02 M (USD)
in 3 rounds
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Latest Funding Round
$5.62 M (USD), Series C
Mar 13, 2020
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Investors
Glance AI
& 10 more
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Employee Count
161
as on Mar 31, 2024
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Acquired by
Glance
(Jun 14, 2021)
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Products & Services of Shop101
Shop101 offers a comprehensive portfolio of products and services, including Shop101 App and Reselling Service.
App for sharing and reselling products online without investment.
Service for managing payments and deliveries in online reselling.
People of Shop101
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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.
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.
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Venture capital firm investing in early-stage startups across fintech, software, and other sectors.
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Corporate-backed venture capital firm focused on consumer tech and multiple sectors
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Investments in early-stage technology companies are made by Kalaari Capital.
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Investor details for Shop101
Investor domains, locations, round participation, and complete history require an active premium plan.
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- Investor locations
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Investments & Acquisitions by Shop101
Investment portfolio details for Shop101
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- Transaction dates
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Financial Statements - Shop101
Detailed financials for Shop101
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Shop101 Comparisons
Peer comparison for Shop101
Named peer metrics, headcount, funding, location, and side-by-side benchmarks require an active premium plan.
- Named peers
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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.
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Multi-category consumer products are offered via an online marketplace platform.
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Fashion and lifestyle products are offered via an online marketplace.
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Cosmetics, skincare, haircare, and wellness products are retailed online.
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Multi-category products are offered through an online marketplace.
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Discounted products across multiple categories are sold online.
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Online marketplace platform offering multi-category consumer products
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Detailed competitors of Shop101
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- Domains and locations
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Latest news on Shop101
Complete news archive for Shop101
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Frequently Asked Questions about Shop101
Shop101 was founded in 2015 and raised its 1st funding round 3 years after it was founded.
Shop101 is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Shop101 is a funded company, having raised a total of $22.02M across 3 funding rounds to date.
As of Mar 31, 2024, the latest employee count at Shop101 is 161.
Annual revenue of Shop101 is $10.24M as on Mar 31, 2022.
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.
Shop101 offers Shop101 App and Reselling Service.
Shop101 has 11 investors. Key investors include Glance AI, Stellaris Venture Partners, Groundupp Ventures, Unilever Ventures, and Kalaari Capital.
The valuation of Shop101 is $65.56M as of Mar 2020.