About ShoprTV
ShoprTV is a company based in Bengaluru (India) founded in 2021 by Mukul Anand, Akshay Suhag, Tushar Dhara, and Akhil Suhag.. ShoprTV has raised $1.83 million across 2 funding rounds from investors including Shiprocket, Beenext and Y Combinator. The company has 17 employees as of March 21, 2024. ShoprTV operates in a competitive market with competitors including Woovly, Sim Sim, BulBul, Live Box and 335bazaar, among others.
- Headquarter Bengaluru, India
- Employees 17 as on 21 Mar, 2024
- Founders Mukul Anand, Akshay Suhag, Tushar Dhara, Akhil Suhag
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Sectors
Retail
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Phone
*********
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Website
*********
- Legal Name Shoprtv Private Limited
- Date of Incorporation 21 Sep, 2021
- Jurisdiction Ameenpur, Telangana, India
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Annual Revenue
$18.66 K (USD)1415.7as on Mar 31, 2023
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Net Profit
$-510.85 K (USD)-345.65as on Mar 31, 2023
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EBITDA
$-449.32 K (USD)-352.3as on Mar 31, 2023
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Total Equity Funding
$1.83 M (USD)
in 2 rounds
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Latest Funding Round
$1.7 M (USD), Seed
Oct 18, 2022
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Investors
Shiprocket
& 7 more
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Employee Count
17
as on Mar 21, 2024
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Funding Insights of ShoprTV
ShoprTV has successfully raised a total of $1.83M across 2 strategic funding rounds. The most recent funding activity was a Seed round of $1.7 million completed in October 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 2
- Last Round Seed — $1.7M
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First Round
First Round
(01 Jun 2022)
- Investors Count 8
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2022 | Amount | Seed - ShoprTV | Valuation | Beenext , Y Combinator | |
| Jun, 2022 | Amount | Seed - ShoprTV | Valuation | Y Combinator |
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| 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 ShoprTV
ShoprTV has secured backing from 8 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Shiprocket, Beenext and Y Combinator. 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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Early-stage venture capital fund
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Founded Year | Domain | Location | |
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Early-stage startups are accelerated via funding and educational programs.
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Founded Year | Domain | Location | |
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Investments in seed-stage startups are made by Locus Ventures.
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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 ShoprTV
| 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 - ShoprTV
| 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 |
Shoprtv Comparisons
Competitors of ShoprTV
ShoprTV 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 Woovly, Sim Sim, BulBul, Live Box and 335bazaar, 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 |
Makeup, skincare, and personal care products are retailed online.
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| domain | founded_year | HQ Location |
Short video shopping is facilitated via an app-based platform.
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| domain | founded_year | HQ Location |
Online live streaming e-commerce for multi-category products is facilitated.
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| domain | founded_year | HQ Location |
Multi-category beauty products are offered through a video commerce app.
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| domain | founded_year | HQ Location |
E-commerce support services are provided by 335bazaar in India.
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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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Frequently Asked Questions about ShoprTV
When was ShoprTV founded?
ShoprTV was founded in 2021 and raised its 1st funding round 1 year after it was founded.
Where is ShoprTV located?
ShoprTV is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Who is the current CEO of ShoprTV?
Akhil Suhag is the current CEO of ShoprTV. They have also founded this company.
Is ShoprTV a funded company?
ShoprTV is a funded company, having raised a total of $1.83M across 2 funding rounds to date. The company's 1st funding round was a Seed of $125K, raised on Jun 01, 2022.
How many employees does ShoprTV have?
As of Mar 21, 2024, the latest employee count at ShoprTV is 17.
What is the annual revenue of ShoprTV?
Annual revenue of ShoprTV is $18.66K as on Mar 31, 2023.
What does ShoprTV do?
Live video shopping platform for customers. The platform allows the brands and creators to showcase the products and reach audiences with the livestreams. The users can interact with the host, ask quires, and make purchases. The company offers mobile applications for Android and iOS platforms.
Who are the top competitors of ShoprTV?
Who are ShoprTV's investors?
ShoprTV has 8 investors. Key investors include Shiprocket, Beenext, Y Combinator, Locus Ventures, and Goodwater Capital.
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