About Shopsup
Shopsup is a Retail company based in Bengaluru (India) founded in 2015. Location-based shopping recommendations and store rewards are provided by Shopsup. It operates in the Retail and Technology sectors. Shopsup has raised $1.51 million across 3 funding rounds from investors including Anil Jain, Yang Shu and Anand Sankeshwar. Shopsup was last valued at $5.59 million in September 2017. Its Indian entity Hyperkonnect Technologies Private Limited reported revenue of ₹7 Lakh. Its focus areas include E-Commerce Enablers, Customer Experience Management, In Store Pickup and Consumer. Its competitors include Magicpin, Little Internet and NearBuy; 3 of its 3 listed competitors have raised funding.
Company details
Shopsup is a location-based shopping recommendation app. Users can browse through products, stores, select the product and pick it from the store. It has partnered with brands like Van Heusen, AND, Adidas, Pepe Jeans, Raymond, Allen Solly etc. The app rewards users for visiting offline brick mortar stores in the form of reward points that can be redeemed for movie tickets, cab rides, gifts, etc. The solution also enables brandsretailers to do targeted marketing leveraging beacon technology.
- Headquarters Bengaluru, India
- Stage Minicorn
- SectorsRetailTechnology
- Email••••••••
- Phone•••• ••••
- Website shopsup.com
- Social X Facebook
- Legal Name Hyperkonnect Technologies Private Limited
- Date of Incorporation 20 Aug, 2015
- Jurisdiction Bangalore, Karnataka, India
- Annual Revenue₹7 Lakh
FY 2025 · +56% YoY
- Net Loss-₹17.9 Lakh
FY 2025 · -255% margin
- EBITDA₹6.7 Lakh
FY 2025 · 96% margin
- Total Equity Funding$1.51M (USD)
in 3 rounds
- Latest Funding Round$68.66K (USD), Angel Round
Sep 2017
Associated legal entities of Shopsup
Shopsup operates through Hyperkonnect Technologies Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Hyperkonnect Technologies Private Limited CIN U74900KA2015PTC082383 | Active | 20 Aug 2015 | Bangalore, Karnataka | ₹0.1 Cr | 3 | View details |
Funding Insights of Shopsup
Shopsup has successfully raised a total of $1.51M across 3 strategic funding rounds. The most recent funding activity was a Angel Round of $68.66 thousand completed in September 2017. 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 $1.51M
- Total Rounds 3
- Last Round Angel Round — $68,660
- First Round $440,960
(Dec 2015)
- Investors Count 4
All 3 funding rounds of Shopsup 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 |
|---|---|---|---|---|---|
| Sep 2017 | $68,660 | Angel Round | $5.59M | Anil Jain | – |
| Nov 2016 | $1M | Angel Round | $1.18M | Anand Sankeshwar | |
| Dec 2015 | $440,960 | Angel Round | – | Vijay Sankeshwar | – |
| Date | Valuation | Stage |
|---|---|---|
| Sep 2017 | $5.59M | •••••••• |
| Nov 2016 | $1.18M | •••••••• |
Last known valuation $5.59M (Sep 2017). 4 investors in total: 0 institutional and 4 angel.
Investors in Shopsup
Shopsup has secured backing from 4 investors, including angel investors. Prominent investors backing the company include Anil Jain, Yang Shu and Anand Sankeshwar.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
AJ Anil Jain | Angel investor, ex-CEO of Nandi Infrastructure, focused on tech startups | unknown_106da96c9b2b4f7f9 | ||
YS Yang Shu | unknown_0fc93a25008f4fe5a | |||
AS Anand Sankeshwar | unknown_1792f050f5f54a0ca | |||
VS Vijay Sankeshwar | unknown_def73f6df4ec4aaab |
Investor details for Shopsup
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Board of directors of Hyperkonnect Technologies Private Limited (Shopsup)
Hyperkonnect Technologies Private Limited is the primary company behind Shopsup. The board of Hyperkonnect Technologies Private Limited currently have 3 directors; the longest-serving is Suhas Gopinath, appointed in 2015. 4 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Suhas Gopinath DIN 01318828 | Director | 20 Aug 2015 | 11 yrs 2 mo | Hyperkonnect Technologies Private Limited |
| Anand Vijay Sankeshwar DIN 00217773 | Director | 20 Aug 2015 | 11 yrs 2 mo | Hyperkonnect Technologies Private Limited |
| Amruta Anil Desai DIN 07057020 | Director | 06 Jan 2021 | 5 yrs 10 mo | Hyperkonnect Technologies Private Limited |
Financials of Shopsup
Figures of Hyperkonnect Technologies Private Limited, the primary company behind Shopsup, for FY 2025. Revenue was ₹7 Lakh (+56% year on year). Net loss was -₹17.9 Lakh (-255% margin). EBITDA was ₹6.7 Lakh (96% margin). Revenue has grown at a compounded annual rate of -54% over three years and -22% over five years.
- ₹7 LakhRevenue · FY 2025 · +56% YoY
- -₹17.9 LakhNet loss · -255% margin
- ₹6.7 LakhEBITDA · 96% margin
- ₹3.7 LakhPaid-up capital
- -54%Revenue CAGR, 3 years
- -22%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Hyperkonnect Technologies Private Limited are on its company page.
Detailed financial statements for Shopsup
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Timeline of Shopsup
4 dated milestones of Shopsup across 2 years, from founding to its latest funding, stage changes and deals.
- Founded Shopsup is founded.
- Funding First funding round of $441K.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Angel Round, of $69K.
Competitors of Shopsup
Shopsup has 3 listed competitors in our database, 3 of them funded. They include Magicpin, Little Internet and NearBuy.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| magicpin.com | 2015 | Gurugram, India | $104.41M | 843 | Offers a platform that rewards customers for visiting partner businesses. | |
| littleapp.in | 2015 | Bengaluru, India | $50M | 1 | Hyperlocal deals are aggregated via a mobile app platform. | |
| nearbuy.com | 2011 | Gurugram, India | $20M | 2 | Deals and coupons from nearby merchants are aggregated online. |
Detailed competitors of Shopsup
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Top companies in Deals, Rewards & Comparison Platforms
2 companies that operate in the same segment as Shopsup (Deals, Rewards & Comparison Platforms) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Online platform offering discovery of local deals, experiences, and rewards | 2015 | Gurugram, Haryana, India | USD 105.82 M | USD 37.82 M | 414 | |
Cashback and coupon offers are provided for e-commerce shopping. | Gurugram, Haryana, India | USD 32.61 M |
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Related news about Shopsup
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Frequently Asked Questions about Shopsup
Shopsup was founded in 2015.
Shopsup is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Shopsup is a funded company, having raised a total of $1.51M across 3 funding rounds to date. The company's 1st funding round was a Angel Round of $440.96K, raised on Dec 2015.
The primary company behind Shopsup, Hyperkonnect Technologies Private Limited, reported revenue of ₹7 Lakh for FY 2025, up 56% year on year.
Shopsup is a location-based shopping recommendation app. Users can browse through products, stores, select the product and pick it from the store. It has partnered with brands like Van Heusen, AND, Adidas, Pepe Jeans, Raymond, Allen Solly etc. The app rewards users for visiting offline brick mortar stores in the form of reward points that can be redeemed for movie tickets, cab rides, gifts, etc. The solution also enables brandsretailers to do targeted marketing leveraging beacon technology.
Shopsup's top competitors include NearBuy, Little Internet and Magicpin.
Shopsup has 4 investors. Key investors include Anil Jain, Yang Shu, Anand Sankeshwar, and Vijay Sankeshwar.
The valuation of Shopsup is $5.59M as of Sep 2017.
Shopsup operates through Hyperkonnect Technologies Private Limited.
The legal entities of Shopsup currently have 3 directors, including Suhas Gopinath, Amruta Anil Desai, Anand Vijay Sankeshwar.