About ShopChat
ShopChat is a company based in San Francisco (United States) founded in 2016 was acquired by Viber in July 2017.. ShopChat has raised $1.25 million across 1 funding round from investors including Rakuten Capital and Viber. ShopChat operates in a competitive market with competitors including SocialLadder, The Hunt, Curate, Shopcade and Luvocracy, among others.
- Headquarter San Francisco, United States
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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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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$1.25 M (USD)
in 1 rounds
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Latest Funding Round
$1.25 M (USD), Seed
Mar 15, 2017
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Investors
Rakuten Capital
& 1 more
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Employee Count
Employee Count
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Acquired by
Viber
(Jul 20, 2017)
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Software Development Team
32 people
Leadership Team
28 people
Product Management Team
20 people
Sales and Marketing
19 people
Senior Team
8 people
Data Analysis and Operations Team
7 people
Devops Team
7 people
Manager Team
5 people
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Funding Insights of ShopChat
ShopChat has successfully raised a total of $1.25M through 1 strategic funding round. The most recent funding activity was a Seed round of $1.25 million completed in March 2017. 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 — $1.2M
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First Round
First Round
(15 Mar 2017)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2017 | Amount | Seed - ShopChat | 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 ShopChat
ShopChat has secured backing from 2 investors, including venture fund and institutional investors. Prominent investors backing the company include Rakuten Capital and Viber. 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 capital firm focused on technology, fintech, e-commerce, mobility platforms, and multiple sectors
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Founded Year | Domain | Location | |
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A secure messaging and calling platform is provided by Viber.
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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 ShopChat
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
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.
|
2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
Financial Statements - ShopChat
| 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 |
Shopchat Comparisons
Competitors of ShopChat
ShopChat 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 SocialLadder, The Hunt, Curate, Shopcade and Luvocracy, 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 |
Social discovery platform for brands via gamified mobile app.
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| domain | founded_year | HQ Location |
Products from social media photos are sourced by community members.
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| domain | founded_year | HQ Location |
Social image sharing platform to get curated videos, articles, and shops
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| domain | founded_year | HQ Location |
Social e-commerce platform for product curation and recommendations is provided.
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| domain | founded_year | HQ Location |
Shoppable products are discovered and recommended via community-driven social marketplace.
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| domain | founded_year | HQ Location |
Serves as a platform to discover beauty products and information.
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| 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 ShopChat
When was ShopChat founded?
ShopChat was founded in 2016 and raised its 1st funding round 1 year after it was founded.
Where is ShopChat located?
ShopChat is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Is ShopChat a funded company?
ShopChat is a funded company, having raised a total of $1.25M across 1 funding round to date. The company's 1st funding round was a Seed of $1.25M, raised on Mar 15, 2017.
What does ShopChat do?
ShopChat was founded in 2016 in San Francisco, United States, and operates as a platform in the fashion sector. Products are browsed and shared by users through integrated chats with messaging apps such as Vibe, Snapchat, WhatsApp, and Facebook Messenger. Purchases are facilitated directly on the platform, while brands are enabled to manage and optimize their chat commerce operations. An iOS mobile application is available for access.
Who are the top competitors of ShopChat?
ShopChat's top competitors include Curate, SocialLadder and Chicisimo.
Who are ShopChat's investors?
ShopChat has 2 investors. Key investors include Rakuten Capital, and Viber.
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