About Shopsity
Shopsity is a Retail company based in Gurugram (India) founded in 2015 by Danish Ahmed, and was acquired by Paytm in November 2016. Mobile app to discover fashion products from local stores. Its chief executive, as recorded, is Danish Ahmed. The company was acqui-hired. Its focus areas include Consumer, Fashion Tech, B2C Commerce and Multi Category. Its legal entity in India is Shopsity Tech Private Limited (U74999HR2015PTC054956). Its competitors include Little Black Book, Pretr and Zakoopi; 3 of its 3 listed competitors have raised funding.
Company details
Shopsity is an app which lets users see whats available in local fashion stores. Users can search by Category, Brand and Locality. Users can call stores and inquire about the products. Has an option to follow favourite stores to get updates on discounts. Claims to have over 2000 stores on its portal across cities like Delhi, Bangalore, Pune, Hyderabad, Gurgaon, Mumbai, Chennai etc. Raised an undisclosed amount of funding from Sandeep Aggarwal, founder of ShopClues and Droom, and Teruhide Sato, founder of Netprice. Website is shut down as of Nov16 and but Danish Ahmed, claims that it is building IT solutions for retailers and is still operational.
- Headquarters Gurugram, India
- Founders Danish Ahmed
- Stage Acquired
- SectorsRetail
- Website shopsity.com
- Social X
- Acquired by Paytm (Nov 2016)
- Legal Name Shopsity Tech Private Limited
- Date of Incorporation 20 Mar, 2015
- Jurisdiction Gurgaon, Haryana, India
Associated legal entities of Shopsity
Shopsity operates through Shopsity Tech Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2020) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Shopsity Tech Private Limited CIN U74999HR2015PTC054956 | Active | 20 Mar 2015 | Gurgaon, Haryana | ₹0.0 Cr | 2 | View details |
Funding Insights of Shopsity
- Total Rounds 1
All 1 funding rounds of Shopsity with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul 2015 | Seed | – | – | – |
1 investors in total: 1 institutional.
Investors in Shopsity
Shopsity has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Paytm.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Digital payments, financial services, and e-commerce platforms are provided. | 2000 | paytm.com | Noida, India |
Investor details for Shopsity
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
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Verified entity values are shown only after access is granted.
Board of directors of Shopsity Tech Private Limited (Shopsity)
Shopsity Tech Private Limited is the primary company behind Shopsity. The board of Shopsity Tech Private Limited currently have 2 directors; the longest-serving is Danish Anis Ahmad, appointed in 2015. 2 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Danish Anis Ahmad DIN 01568715 | Director | 20 Mar 2015 | 11 yrs 7 mo | Shopsity Tech Private Limited |
| Gaurav Kumar DIN 07360098 | Director | 05 Dec 2015 | 10 yrs 10 mo | Shopsity Tech Private Limited |
People of Shopsity
1 people are tracked at Shopsity (1 in leadership).
| Name | Role | Group |
|---|---|---|
Danish Ahmed | Founder & CEO | Leadership |
Complete people profiles for Shopsity
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
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Verified entity values are shown only after access is granted.
Financials of Shopsity
Figures of Shopsity Tech Private Limited, the primary company behind Shopsity, for FY 2020. Revenue was ₹3,866. Net loss was -₹66,869 (-1730% margin). EBITDA was -₹22,876 (-592% margin).
- ₹3,866Revenue · FY 2020
- -₹66,869Net loss · -1730% margin
- -₹22,876EBITDA · -592% margin
- ₹2.4 LakhPaid-up capital
Balance sheet, profit and loss, cash flow and ratios of Shopsity Tech Private Limited are on its company page.
Detailed financial statements for Shopsity
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
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- Downloads
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Timeline of Shopsity
3 dated milestones of Shopsity across 1 years, from founding to its latest funding, stage changes and deals.
- Founded Shopsity is founded.
- Funding First funding round.
- Exit Acquired by Paytm.
Competitors of Shopsity
Shopsity has 3 listed competitors in our database, 3 of them funded. They include Little Black Book, Pretr and Zakoopi.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| lbb.in | 2015 | Delhi, India | $9.08M | 75 | Multi-category products are offered via an online marketplace. | |
| pretr.com | 2016 | Mumbai, India | $109,615 | 16 | Discovery, reservation, and ordering from local stores are facilitated online. | |
| zakoopi.com | 2014 | Delhi, India | $350,000 | Location-based discovery of fashion and apparel stores is facilitated. |
Detailed competitors of Shopsity
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- Full competitor set
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Verified entity values are shown only after access is granted.
Top companies in Fashion & Lifestyle E-Commerce
3 companies that operate in the same segment as Shopsity (Fashion & Lifestyle E-Commerce) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Eyewear is offered online for men, women, and kids. | 2010 | Gurugram, Haryana, India | USD 1.04 B | USD 939.4 M | 18,984 | |
Fashion and lifestyle products are offered via an online marketplace. | 2007 | Bengaluru, Karnataka, India | USD 123.71 M | USD 542.17 M | 1,108 | |
Gold and silver jewellery, lab-grown diamonds, and accessories are retailed. | 2019 | Bengaluru, Karnataka, India | USD 142.34 M | USD 32.66 M | 711 |
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Related news about Shopsity
Complete news archive for Shopsity
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Frequently Asked Questions about Shopsity
Shopsity was founded in 2015.
Shopsity is headquartered in Gurugram, India. It is registered at Gurugram, Haryana, India.
Danish Ahmed is the CEO of Shopsity, as recorded in our data. They have also founded this company.
The primary company behind Shopsity, Shopsity Tech Private Limited, reported revenue of ₹3,866 for FY 2020.
Shopsity is an app which lets users see whats available in local fashion stores. Users can search by Category, Brand and Locality. Users can call stores and inquire about the products. Has an option to follow favourite stores to get updates on discounts. Claims to have over 2000 stores on its portal across cities like Delhi, Bangalore, Pune, Hyderabad, Gurgaon, Mumbai, Chennai etc. Raised an undisclosed amount of funding from Sandeep Aggarwal, founder of ShopClues and Droom, and Teruhide Sato, founder of Netprice. Website is shut down as of Nov16 and but Danish Ahmed, claims that it is building IT solutions for retailers and is still operational.
Shopsity's top competitors include Little Black Book, Pretr and Zakoopi.
Shopsity has 1 investor. Key investors include Paytm.
Shopsity operates through Shopsity Tech Private Limited.
Yes. Shopsity was acquired by Paytm in November 2016.
The legal entities of Shopsity currently have 2 directors, including Danish Anis Ahmad, Gaurav Kumar.