About Shopflo
Shopflo is a company based in Delhi (India) founded in 2021 by Priy Ranjan, Ankit Bansal, and Ishan Rakshit.. Shopflo has raised $2.6 million across 1 funding round from investors including Tiger Global, TQ Ventures and Better Capital. The company has 30 employees as of April 08, 2024. Shopflo offers products and services including Checkout Platform, Identity Login, Custom UI, Coupons and Upsell, and Analytics Dashboard. Shopflo operates in a competitive market with competitors including Bolt, Klasha, Fast, Balance and Duplo, among others.
- Headquarter Delhi, India
- Employees 30 as on 08 Apr, 2024
- Founders Priy Ranjan, Ankit Bansal, Ishan Rakshit
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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 Shopflo Technologies Private Limited
- Date of Incorporation 16 Dec, 2021
- Jurisdiction Newdelhi, Delhi, India
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Annual Revenue
$76.09 K (USD)90300.57as on Mar 31, 2023
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Net Profit
$-710.27 K (USD)-1193.19as on Mar 31, 2023
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EBITDA
$-701.52 K (USD)-1162.44as on Mar 31, 2023
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Total Equity Funding
$2.6 M (USD)
in 1 rounds
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Latest Funding Round
$2.6 M (USD), Seed
May 11, 2022
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Investors
Tiger Global
& 2 more
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Employee Count
30
as on Apr 08, 2024
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Products & Services of Shopflo
Shopflo offers a comprehensive portfolio of products and services, including Checkout Platform, Identity Login, Custom UI, Coupons and Upsell, and Analytics Dashboard. 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.
Customizable system to increase conversions and average order value.
Enables password-less access for seamless user logins.
Allows brands to tailor checkout interfaces for better engagement.
Customizes discounts and upsell items to boost sales intent.
Provides insights into checkout funnels for data-driven decisions.
Routes payment methods to preferred gateways for secure transactions.
Funding Insights of Shopflo
Shopflo has successfully raised a total of $2.6M through 1 strategic funding round. The most recent funding activity was a Seed round of $2.6 million completed in May 2022. 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 — $2.6M
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First Round
First Round
(11 May 2022)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2022 | Amount | Seed - Shopflo | Valuation | Tiger Global Management , TQ Ventures |
| 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 Shopflo
Shopflo has secured backing from 3 investors, including venture fund investors. Prominent investors backing the company include Tiger Global, TQ Ventures and Better 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 and private equity investments are managed with global diversification.
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Founded Year | Domain | Location | |
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Early-stage venture capital fund investing in tech-based startups
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Founded Year | Domain | Location | |
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Early-stage companies are invested in by Better Capital.
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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 Shopflo
| 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 - Shopflo
| 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 |
Shopflo Comparisons
Competitors of Shopflo
Shopflo 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 Bolt, Klasha, Fast, Balance and Duplo, 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 |
Single-click checkout solutions are offered for e-commerce platforms.
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| domain | founded_year | HQ Location |
Checkout software solutions for B2B commerce are provided by Klasha.
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| domain | founded_year | HQ Location |
Automatic data filling for business checkout processes is provided.
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| domain | founded_year | HQ Location |
B2B software solutions for sales and purchase management are provided.
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| domain | founded_year | HQ Location |
B2B payments solutions are offered via API-based platforms for banks.
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| domain | founded_year | HQ Location |
Provider of one-click checkout solution for digital commerce
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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 Shopflo
Frequently Asked Questions about Shopflo
When was Shopflo founded?
Shopflo was founded in 2021 and raised its 1st funding round 1 year after it was founded.
Where is Shopflo located?
Shopflo is headquartered in Delhi, India. It is registered at Delhi, Delhi, India.
Is Shopflo a funded company?
Shopflo is a funded company, having raised a total of $2.6M across 1 funding round to date. The company's 1st funding round was a Seed of $2.6M, raised on May 11, 2022.
How many employees does Shopflo have?
As of Apr 08, 2024, the latest employee count at Shopflo is 30.
What is the annual revenue of Shopflo?
Annual revenue of Shopflo is $76.09K as on Mar 31, 2023.
What does Shopflo do?
Founded in 2021 and based in Delhi, India, Shopflo operates in the e-commerce sector by offering checkout suite solutions. These enable fast checkout experiences for customers, integration with various payment methods, and automated coupon redemption. Abandoned carts are recovered through direct purchase completion on WhatsApp, supporting e-tailers in streamlining transactions and reducing losses.
What products or services does Shopflo offer?
Shopflo offers Checkout Platform, Identity Login, Custom UI, Coupons and Upsell, and 2 more products and services.
Who are Shopflo's investors?
Shopflo has 3 investors. Key investors include Tiger Global, TQ Ventures, and Better Capital.
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