Shopmatic

Singapore, Singapore Founded: 2014 • Age: 12 yrs Acquired By MatchMove
Cloud-based shopping cart solutions with payments and logistics are provided.
Annual revenue $729,064 Latest available
Total funding $20.7M 6 rounds
Employees 54 Tracked headcount
Investors 38 Known backers
Products - Services tracked
Competitors 11 Brand Intelligence

About Shopmatic

Shopmatic is a company based in Singapore (Singapore) founded in 2014 by Kris Chen was acquired by MatchMove in May 2022. Shopmatic has raised $20.71 million across 6 funding rounds from investors including MatchMove, Brandify and StartupSpaze. The company has 54 employees as of April 02, 2024. Shopmatic has completed 3 acquisitions, including CombineSell, Five Times Ruby Professional Program Educational Institution and Octopus. Shopmatic operates in a competitive market with competitors including Cart.com, AnyMind Group, BigCommerce, ANS Commerce and CommerceIQ, among others.

  • Headquarter Singapore, Singapore
  • Employees 54 as on 02 Apr, 2024
  • Founders Kris Chen
  • Sectors
    Retail
  • Email
    Locked
  • Phone
    Locked
  • Website
    Locked
  • Social
    Locked
  • Legal Name One Matchmove Private Limited
  • Date of Incorporation 23 Jul, 2015
  • Jurisdiction Bangaluru, Karnataka, India
Operational Areas
Retail → E-Commerce Technology & Services Unlock Sub-Sector Unlock Segment
Key Metrics
  • Annual Revenue
    $729.06 K (USD)
    -3.88
    as on Mar 31, 2023
  • Net Profit
    -$395.04 K (USD)
    13.37
    as on Mar 31, 2023
  • EBITDA
    -$385.35 K (USD)
    14.51
    as on Mar 31, 2023
  • Total Equity Funding
    $20.71 M (USD)

    in 6 rounds

  • Latest Funding Round
    $353.26 K (USD), Series B

    Apr 16, 2020

  • Investors
    MatchMove

    & 37 more

  • Employee Count
    54

    as on Apr 02, 2024

  • Investments & Acquisitions
    CombineSell

    & 2 more

  • Acquired by
    MatchMove

    (May 22, 2022)

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People of Shopmatic

Headcount 50-200
Employee Profiles 9
Employee Profiles
People
Kris Chen
Co-Founder
People
Jim Rodriguez
Business Operations Specialist
People
Ronak Agarwal
Business Associate
People
Chun Pheng Ong
Director Managed Services Operations

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Funding Insights of Shopmatic

Shopmatic has successfully raised a total of $20.71M across 6 strategic funding rounds. The most recent funding activity was a Series B round of $353.26 thousand completed in April 2020. 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.

Investors in Shopmatic

Shopmatic has secured backing from 38 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include MatchMove, Brandify and StartupSpaze.

All
Venture Fund
Institutional
Angel
Investor Description Founded Year Domain Location
-
Locked Locked Locked
Venture capital is provided to multiple sectors by August One.
Locked Locked Locked
Location-based digital marketing tools are offered for multi-location brands.
Locked Locked Locked
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Investor details for Shopmatic

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  • Investor domains
  • Investor locations
  • Funding rounds
  • Participation history

Verified entity values are shown only after access is granted.

Investments & Acquisitions by Shopmatic

Shopmatic has strategically engaged in corporate development activities, having acquired 3 companies. Notable acquisitions include CombineSell, Five Times Ruby Professional Program Educational Institution and Octopus.

Investments
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Investment portfolio details for Shopmatic

Portfolio company identities, transaction dates, round details, and investment values require an active premium plan.

  • Portfolio identities
  • Transaction dates
  • Round details
  • Investment values

Verified entity values are shown only after access is granted.

Acquisitions
Company Name Description Domain Location Founded Year Amount
Multichannel selling is facilitated by cloud-based software for retailers.
Locked Locked 2017 Locked
Professional education courses are offered through specialized programs.
Locked Locked 2014 Locked
Point-of-Sale solutions are offered for brick-and-mortar businesses.
Locked Locked 2002 Locked
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Complete acquisition details for Shopmatic

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  • Transaction dates
  • Acquired stakes
  • Disclosed values
  • Domains and locations

Verified entity values are shown only after access is granted.

Financial Statements - Shopmatic

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Detailed financials for Shopmatic

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  • Profit trends
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Shopmatic Comparisons

Shopmatic Primary company
Description
Cloud-based shopping cart solutions with payments and logist...
Location
Singapore, Singapore
Founded Year
2014
Annual Revenue
$729.06 K (USD)
Net Profit
-$395.04 K (USD)
EBITDA
-$385.35 K (USD)
Employees
54
As of 2024
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Peer comparison for Shopmatic

Named peer metrics, headcount, funding, location, and side-by-side benchmarks require an active premium plan.

  • Named peers
  • Headcount comparison
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  • Operating benchmarks

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Competitors of Shopmatic

Shopmatic 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 Cart.com, AnyMind Group, BigCommerce, ANS Commerce and CommerceIQ, among others.

Company Name Domain Founded year HQ Location Description
Locked Locked Locked
Software suite solutions are provided for e-commerce businesses.
Locked Locked Locked
Platforms for e-commerce, marketing, and manufacturing are provided.
Locked Locked Locked
SaaS-based software suites for e-commerce operations are provided.
Locked Locked Locked
E-commerce solutions and logistics are provided for online businesses.
Locked Locked Locked
AI platform for retail ecommerce management and optimization is provided.
Locked Locked Locked
Software suite solutions are provided for brands and e-commerce businesses.
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Detailed competitors of Shopmatic

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  • Domains and locations
  • Full company profiles
  • Operating metrics
  • Competitive positioning

Verified entity values are shown only after access is granted.

Latest news on Shopmatic

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Complete news archive for Shopmatic

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  • Source and publication date
  • Older coverage
  • Brand-specific news history

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Frequently Asked Questions about Shopmatic

Shopmatic was founded in 2014 and raised its 1st funding round 1 year after it was founded.

Shopmatic is headquartered in Singapore, Singapore.

Shopmatic is a funded company, having raised a total of $20.71M across 6 funding rounds to date.

As of Apr 02, 2024, the latest employee count at Shopmatic is 54.

Annual revenue of Shopmatic is $729.06K as on Mar 31, 2023.

Shopmatic was founded in 2014 in Singapore as a provider in the e-commerce sector. An integrated cloud-based platform is offered for product listings, alongside payments and logistics support. Features such as marketing tools, CRM, reporting, and analytics are incorporated. Sales on external online platforms and marketplaces are facilitated for e-tailers. Operations center on enabling digital commerce solutions across regions.

Shopmatic's top competitors include CommerceIQ, Cart.com and aCommerce.

Shopmatic has made 3 acquisitions, including CombineSell, Five Times Ruby Professional Program Educational Institution, and Octopus.

Shopmatic has 38 investors. Key investors include MatchMove, Brandify, StartupSpaze, Koh Boon Hwee, and Loh June Yong.

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