About ShopConnect
ShopConnect is a company based in Bengaluru (India) founded in 2015.. ShopConnect has raised $2.87 million across 8 funding rounds from investors including IBS Software Services, Deepthi Yeragam Reddy and Subbarathnamma Yeragam Reddy. The company has 32 employees as of April 02, 2024. ShopConnect offers products and services including Video Connect, Virtual Store, Look Books, and AR Product Displays. ShopConnect operates in a competitive market with competitors including VTEX, Trace One, Techsembly, Foundation and Brandpad, among others.
- Headquarter Bengaluru, India
- Employees 32 as on 02 Apr, 2024
- Stage Minicorn
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Sectors
TechnologyRetail
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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 Nvipani Technology Solutions Private Limited
- Date of Incorporation 17 Jun, 2015
- Jurisdiction Bangalore, Karnataka, India
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Annual Revenue
$16.26 K (USD)506.73as on Mar 31, 2022
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Net Profit
$-745.16 K (USD)-115.18as on Mar 31, 2022
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EBITDA
$-729.67 K (USD)-116.59as on Mar 31, 2022
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Total Equity Funding
$2.87 M (USD)
in 8 rounds
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Latest Funding Round
$1.74 M (USD), Seed
Sep 13, 2021
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Investors
IBS Software Services
& 94 more
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Employee Count
32
as on Apr 02, 2024
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Products & Services of ShopConnect
ShopConnect offers a comprehensive portfolio of products and services, including Video Connect, Virtual Store, Look Books, and AR Product Displays. 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.
Enables live video shopping for personalized customer interactions and sales.
Provides integrated virtual stores with seamless online shopping features.
Offers curated catalogues with analytics for boosting conversions and engagement.
Delivers 3D views and trials to enhance product engagement and reduce returns.
Funding Insights of ShopConnect
ShopConnect has successfully raised a total of $2.87M across 8 strategic funding rounds. The most recent funding activity was a Seed round of $1.74 million completed in September 2021. 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 8
- Last Round Seed — $1.7M
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First Round
First Round
(30 Jul 2015)
- Investors Count 95
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2021 | Amount | Seed - ShopConnect | Valuation | IBS Software Services | |
| May, 2020 | Amount | Angel Round - ShopConnect | Valuation | Raineesh Kumar Jain , Neeraj Jain | |
| Aug, 2019 | Amount | Seed - ShopConnect | Valuation | Kiran Kodali , Kiran Kodali |
| 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 ShopConnect
ShopConnect has secured backing from 95 investors, including institutional and angel investors. Prominent investors backing the company include IBS Software Services, Deepthi Yeragam Reddy and Subbarathnamma Yeragam Reddy. 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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Software solutions are provided for airline, hospitality, and logistics sectors.
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Founded Year | Domain | Location | |
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Founded Year | Domain | Location | |
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DY
Deepthi Yeragam Reddy |
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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 ShopConnect
| 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 |
Financial Statements - ShopConnect
| 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 |
Shopconnect Comparisons
Competitors of ShopConnect
ShopConnect 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 VTEX, Trace One, Techsembly, Foundation and Brandpad, 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 |
SaaS-based collaborative commerce solutions are provided for brands and retailers.
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| domain | founded_year | HQ Location |
Project, product quality and supply chain visibility solutions
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| domain | founded_year | HQ Location |
Cross-border marketplace SaaS solutions are offered for hospitality and eCommerce.
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| domain | founded_year | HQ Location |
Tech-enabled multi-category solutions are offered to enterprises.
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| domain | founded_year | HQ Location |
Cloud-based platform is offered for designing business guidelines.
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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 ShopConnect
When was ShopConnect founded?
ShopConnect was founded in 2015.
Where is ShopConnect located?
ShopConnect is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Who is the current CEO of ShopConnect?
Dilli Babu Nandarapu is the current CEO of ShopConnect.
Is ShopConnect a funded company?
ShopConnect is a funded company, having raised a total of $2.87M across 8 funding rounds to date. The company's 1st funding round was a Seed of $62.16K, raised on Jul 30, 2015.
How many employees does ShopConnect have?
As of Apr 02, 2024, the latest employee count at ShopConnect is 32.
What is the annual revenue of ShopConnect?
Annual revenue of ShopConnect is $16.26K as on Mar 31, 2022.
What does ShopConnect do?
Founded in 2015 and based in Bengaluru, India, ShopConnect operates in the e-commerce sector by delivering an interactive platform that integrates video collaboration for merchants. Services include personalized customer experiences through 360-degree product views, virtual stores, and try-on features, alongside analytics on product performance, buying patterns, cart abandonment, and ROI. An online store enables interactive video shopping, where connections to stores or appointment scheduling can be initiated.
Who are the top competitors of ShopConnect?
ShopConnect's top competitors include VTEX, Trace One and Techsembly.
What products or services does ShopConnect offer?
ShopConnect offers Video Connect, Virtual Store, Look Books, and AR Product Displays.
Who are ShopConnect's investors?
ShopConnect has 95 investors. Key investors include IBS Software Services, Deepthi Yeragam Reddy, Subbarathnamma Yeragam Reddy, Neeraj Jain, and Raineesh Kumar Jain.
What is ShopConnect's valuation?
The valuation of ShopConnect is $10.94M as of Sep 2021.
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