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
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Sectors
Retail
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name One Matchmove Private Limited
- Date of Incorporation 23 Jul, 2015
- Jurisdiction Bangaluru, Karnataka, India
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Annual Revenue
$729.06 K (USD)-3.88as on Mar 31, 2023
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Net Profit
$-395.04 K (USD)13.37as on Mar 31, 2023
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EBITDA
$-385.35 K (USD)14.51as on Mar 31, 2023
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Total Equity Funding
$20.71 M (USD)
in 6 rounds
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Latest Funding Round
$353.26 K (USD), Series B
Apr 16, 2020
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Investors
MatchMove
& 37 more
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Employee Count
54
as on Apr 02, 2024
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Investments & Acquisitions
CombineSell
& 2 more
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Acquired by
MatchMove
(May 22, 2022)
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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.
- Total Funding Total Funding
- Total Rounds 6
- Last Round Series B — $353,260
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First Round
First Round
(15 Oct 2015)
- Investors Count 38
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2020 | Amount | Series B - Shopmatic | Valuation | Brandify , StartupSpaze | |
| Mar, 2020 | Amount | Series B - Shopmatic | Valuation | MatchMove |
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| Oct, 2019 | Amount | Angel Round - Shopmatic | Valuation | Loh June Yong |
| 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 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. 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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Founded Year | Domain | Location | |
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Venture capital is provided to multiple sectors by August One.
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Founded Year | Domain | Location | |
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Location-based digital marketing tools are offered for multi-location brands.
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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 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. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| 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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Multichannel selling is facilitated by cloud-based software for retailers.
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2017 | ||||
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Professional education courses are offered through specialized programs.
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2014 | ||||
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Point-of-Sale solutions are offered for brick-and-mortar businesses.
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2002 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Shopmatic
| 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 |
Shopmatic Comparisons
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. 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 |
Software suite solutions are provided for e-commerce businesses.
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| domain | founded_year | HQ Location |
Platforms for e-commerce, marketing, and manufacturing are provided.
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| domain | founded_year | HQ Location |
SaaS-based software suites for e-commerce operations are provided.
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| domain | founded_year | HQ Location |
E-commerce solutions and logistics are provided for online businesses.
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| domain | founded_year | HQ Location |
AI platform for retail ecommerce management and optimization is provided.
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| domain | founded_year | HQ Location |
Software suite solutions are provided for brands and e-commerce businesses.
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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 Shopmatic
Frequently Asked Questions about Shopmatic
When was Shopmatic founded?
Shopmatic was founded in 2014 and raised its 1st funding round 1 year after it was founded.
Where is Shopmatic located?
Shopmatic is headquartered in Singapore, Singapore.
Is Shopmatic a funded company?
Shopmatic is a funded company, having raised a total of $20.71M across 6 funding rounds to date. The company's 1st funding round was a Angel Round of $3.26M, raised on Oct 15, 2015.
How many employees does Shopmatic have?
As of Apr 02, 2024, the latest employee count at Shopmatic is 54.
What is the annual revenue of Shopmatic?
Annual revenue of Shopmatic is $729.06K as on Mar 31, 2023.
What does Shopmatic do?
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.
Who are the top competitors of Shopmatic?
Shopmatic's top competitors include CommerceIQ, Cart.com and aCommerce.
How many acquisitions has Shopmatic made?
Shopmatic has made 3 acquisitions, including CombineSell, Five Times Ruby Professional Program Educational Institution, and Octopus.
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