About ShopConnect
ShopConnect is a Technology company based in Bengaluru (India) founded in 2015. Provider of interactive e-commerce and video collaboration platform for merchants. It operates in the Technology and Retail sectors. 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. ShopConnect was last valued at $10.94 million in September 2021. Its chief executive, as recorded, is Dilli Babu Nandarapu. Its Indian entity Nvipani Technology Solutions Private Limited reported revenue of ₹1.71 Cr. ShopConnect offers products and services including Video Connect, Virtual Store, Look Books, and AR Product Displays. Its focus areas include E-Commerce Enablers, Distributed Commerce, Video and Live Streaming.
Company details
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.
- Headquarters Bengaluru, India
- Employees 32
- Stage Minicorn
- SectorsTechnologyRetail
- Email••••••••
- Phone•••• ••••
- Website shopconnect.live
- Social LinkedIn X Facebook Instagram
- Legal Name Nvipani Technology Solutions Private Limited
- Date of Incorporation 17 Jun, 2015
- Jurisdiction Bangalore, Karnataka, India
- Annual Revenue₹1.71 Cr
FY 2024 · +941% YoY
- Net Loss-₹1.72 Cr
FY 2024 · -101% margin
- EBITDA-₹1.63 Cr
FY 2024 · -95% margin
- Total Equity Funding$2.87M (USD)
in 8 rounds
- Latest Funding Round$1.74M (USD), Seed
Sep 2021
- InvestorsIBS Software Services
& 94 more
- Employee Count32
Associated legal entities of ShopConnect
ShopConnect operates through Nvipani Technology Solutions Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Nvipani Technology Solutions Private Limited CIN U72200KA2015PTC080937 | Active | 17 Jun 2015 | Bangalore, Karnataka | ₹1.7 Cr | 32 | 3 | View details |
Products & Services of ShopConnect
ShopConnect offers a comprehensive portfolio of products and services, including Video Connect, Virtual Store, Look Books, and AR Product Displays.
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 $2.87M
- Total Rounds 8
- Last Round Seed — $1.74M
- First Round $46,933
(Jul 2015)
- Investors Count 95
All 8 funding rounds of ShopConnect with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep 2021 | $1.74M | Seed | $10.94M | IBS Software Services | |
| May 2020 | $579,570 | Angel Round | $7.71M | Raineesh Kumar Jain, Neeraj Jain | |
| Aug 2019 | $62,159 | Seed | $••••• | Kiran Kodali, Kiran Kodali | |
| Feb 2019 | $57,717 | Angel Round | $••••• | Purnima Bommisetty, Purnima Bommisetty | |
| Mar 2018 | $235,048 | Angel Round | $••••• | Deepthi Yeragam Reddy, Haritha Sallagonda | |
| Jan 2017 | $102,576 | Angel Round | $••••• | Vishwanadha Reddy, Vishwanadha Reddy | |
| Sep 2016 | $46,062 | Angel Round | $••••• | Rama Krishna Reddy Mallavaram, Rama Krishna Reddy Mallavaram | |
| Jul 2015 | $46,933 | Angel Round | $••••• | Nageshwararao Borra, Rama Krishna Reddy Mallavaram | – |
| Date | Valuation | Stage |
|---|---|---|
| Sep 2021 | $10.94M | •••••••• |
| May 2020 | $7.71M | •••••••• |
| Aug 2019 | $••••• | •••••••• |
| Feb 2019 | $••••• | •••••••• |
| Mar 2018 | $••••• | •••••••• |
| Jan 2017 | $••••• | •••••••• |
Full valuation and stage history of ShopConnect
Every valuation point, the growth-stage changes (minicorn, soonicorn, unicorn) and the dates behind them require an active premium plan.
- All valuation points
- Stage changes
- Dates
- Exports
Verified entity values are shown only after access is granted.
Last known valuation $10.94M (Sep 2021). 95 investors in total: 2 institutional and 93 angel.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Software solutions are provided for airline, hospitality, and logistics sectors. | 1997 | ibsplc.com | Thiruvananthapuram, India | |
DY Deepthi Yeragam Reddy | unknown_c68b941eff5c485c9 | |||
SY Subbarathnamma Yeragam Reddy | unknown_cedd8a16c07a40e6b | |||
NJ Neeraj Jain | Angel investor, ex-CEO of Patni Computer Systems, active in tech startups | unknown_2adaf775e2fe418e9 | ||
RK Raineesh Kumar Jain | unknown_c83d07a871244ed8b | |||
SP Satish Pimple | unknown_be98f93d97444f01b | |||
KK Kanchi Kedar | unknown_05481ea02ff2422ab | |||
VM Vishnu Murthy Chakka Sreeramulu | unknown_1f97bae67428489b8 | |||
SK Srinivasarao Kolagani | unknown_305e9122e1cc420b8 |
Investor details for ShopConnect
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Board of directors of Nvipani Technology Solutions Private Limited (ShopConnect)
Nvipani Technology Solutions Private Limited is the primary company behind ShopConnect. The board of Nvipani Technology Solutions Private Limited currently have 3 directors; the longest-serving is Dilli Babu Nandarapu, appointed in 2015. 5 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Dilli Babu Nandarapu DIN 07183850 | Managing Director | 17 Jun 2015 | 11 yrs 4 mo | Nvipani Technology Solutions Private Limited |
| Mallavaram Ramakrishnareddy DIN 07431778 | Director | 10 Feb 2016 | 10 yrs 9 mo | Nvipani Technology Solutions Private Limited |
| Mariah Mathews DIN 09501836 | Director | 15 Feb 2022 | 4 yrs 8 mo | Nvipani Technology Solutions Private Limited |
People of ShopConnect
1 people are tracked at ShopConnect (1 in leadership); the tracked headcount is 32.
| Name | Role | Group |
|---|---|---|
| CEO | Leadership |
Complete people profiles for ShopConnect
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Financials of ShopConnect
Figures of Nvipani Technology Solutions Private Limited, the primary company behind ShopConnect, for FY 2024. Revenue was ₹1.71 Cr (+941% year on year). Net loss was -₹1.72 Cr (-101% margin). EBITDA was -₹1.63 Cr (-95% margin). Revenue has grown at a compounded annual rate of +326% over three years and +213% over five years.
- ₹1.71 CrRevenue · FY 2024 · +941% YoY
- -₹1.72 CrNet loss · -101% margin
- -₹1.63 CrEBITDA · -95% margin
- ₹73.1 LakhPaid-up capital
- 32Employees (provident fund records)
- +326%Revenue CAGR, 3 years
- +213%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Nvipani Technology Solutions Private Limited are on its company page.
Detailed financial statements for ShopConnect
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Timeline of ShopConnect
4 dated milestones of ShopConnect across 6 years, from founding to its latest funding, stage changes and deals.
- Founded ShopConnect is founded.
- Funding First funding round of $47K.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Seed, of $1.7M.
Top companies in Brand & Marketing Technology
3 companies that operate in the same segment as ShopConnect (Brand & Marketing Technology) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
E-commerce tools for shipping, marketing, and financial services are provided. | 2012 | Gurugram, Haryana, India | USD 321.57 M | USD 135.47 M | 915 | |
Crafts global health and wellness brands for digital platforms. | 2021 | Bengaluru, Karnataka, India | USD 206.9 M | USD 71.62 M | 427 | |
Retail intelligence platform is developed for brands and B2B retailers. | 2008 | Bengaluru, Karnataka, India | USD 21.11 M | USD 7.69 M | 345 |
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
Related news about Shopconnect
Complete news archive for ShopConnect
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Frequently Asked Questions about ShopConnect
ShopConnect was founded in 2015.
ShopConnect is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Dilli Babu Nandarapu is the CEO of ShopConnect, as recorded in our data.
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 Angel Round of $46.93K, raised on Jul 2015.
ShopConnect has 32 employees.
The primary company behind ShopConnect, Nvipani Technology Solutions Private Limited, reported revenue of ₹1.71 Cr for FY 2024, up 941% year on year.
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.
ShopConnect offers Video Connect, Virtual Store, Look Books, and AR Product Displays.
ShopConnect has 95 investors. Key investors include IBS Software Services, Deepthi Yeragam Reddy, Subbarathnamma Yeragam Reddy, Neeraj Jain, and Raineesh Kumar Jain.
The valuation of ShopConnect is $10.94M as of Sep 2021.
ShopConnect operates through Nvipani Technology Solutions Private Limited.
The legal entities of ShopConnect currently have 3 directors, including Dilli Babu Nandarapu, Mallavaram Ramakrishnareddy, Mariah Mathews.