About ShopDeck
ShopDeck is a company based in Bengaluru (India) founded in 2022 by Rishabh Verma and Harmin Shah.. ShopDeck has raised $7.85 million across 1 funding round from investors including Bessemer Venture Partners, Chiratae Ventures and Elevation Capital. The company has 110 employees as of April 09, 2024. ShopDeck operates in a competitive market with competitors including Shopify, Weebly, Squarespace, Webs and Nuvemshop, among others.
- Headquarter Bengaluru, India
- Employees 110 as on 09 Apr, 2024
- Founders Rishabh Verma, Harmin Shah
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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
*********
- Legal Name Blitzscale Technology Solutions Private Limited
- Date of Incorporation 06 Dec, 2018
- Jurisdiction Bangalore South, Karnataka, India
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Annual Revenue
$2.68 M (USD)35.99as on Mar 31, 2023
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Net Profit
$-1.1 M (USD)65.42as on Mar 31, 2023
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EBITDA
$-1.28 M (USD)62.43as on Mar 31, 2023
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Total Equity Funding
$7.85 M (USD)
in 1 rounds
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Latest Funding Round
$7.85 M (USD), Series B
Sep 08, 2024
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Investors
Bessemer Venture Partners
& 4 more
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Employee Count
110
as on Apr 09, 2024
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Funding Insights of ShopDeck
ShopDeck has successfully raised a total of $7.85M through 1 strategic funding round. The most recent funding activity was a Series B round of $7.85 million completed in September 2024. 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 Series B — $7.8M
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First Round
First Round
(08 Sep 2024)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2024 | Amount | Series B - ShopDeck | Valuation | Bessemer Venture Partners |
| 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 ShopDeck
ShopDeck has secured backing from 5 investors, including venture fund investors. Prominent investors backing the company include Bessemer Venture Partners, Chiratae Ventures and Elevation Capital. 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 investments and support for entrepreneurs in technology and innovation sectors.
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Founded Year | Domain | Location | |
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Venture capital fund focused on seed-stage startups
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Founded Year | Domain | Location | |
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Elevation Capital is focused on early-stage tech investments in India.
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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 ShopDeck
| 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 - ShopDeck
| 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 |
Shopdeck Comparisons
Competitors of ShopDeck
ShopDeck 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 Shopify, Weebly, Squarespace, Webs and Nuvemshop, 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 |
E-commerce storefront solutions are provided for online businesses.
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| domain | founded_year | HQ Location |
Tools for creating websites and online stores are provided.
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| domain | founded_year | HQ Location |
Cloud-based website builder tool
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| domain | founded_year | HQ Location |
Websites are built without coding via a cloud-based drag-and-drop platform.
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| domain | founded_year | HQ Location |
SaaS solutions for e-commerce store creation and management are provided.
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| domain | founded_year | HQ Location |
Storefront solutions are provided for online businesses targeting digital customers.
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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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Latest news on Shopdeck
Frequently Asked Questions about ShopDeck
When was ShopDeck founded?
ShopDeck was founded in 2022 and raised its 1st funding round 2 years after it was founded.
Where is ShopDeck located?
ShopDeck is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Is ShopDeck a funded company?
ShopDeck is a funded company, having raised a total of $7.85M across 1 funding round to date. The company's 1st funding round was a Series B of $7.85M, raised on Sep 08, 2024.
How many employees does ShopDeck have?
As of Apr 09, 2024, the latest employee count at ShopDeck is 110.
What is the annual revenue of ShopDeck?
Annual revenue of ShopDeck is $2.68M as on Mar 31, 2023.
What does ShopDeck do?
ShopDeck was founded in 2022 in Bengaluru, India, within the e-commerce sector. Online stores are enabled for sellers through a dedicated platform. Logistics, shipping, marketing, payments, and related operations are handled to support product sales. The service is tailored for businesses seeking to establish and maintain digital storefronts in a competitive online marketplace.
Who are the top competitors of ShopDeck?
ShopDeck's top competitors include Shopify, Squarespace and Weebly.
Who are ShopDeck's investors?
ShopDeck has 5 investors. Key investors include Bessemer Venture Partners, Chiratae Ventures, Elevation Capital, Reed India, and VH Capital.