About ShopThing
ShopThing is a company based in Toronto (Canada) founded in 2019.. ShopThing has raised $10 million across 1 funding round from investors including Origin Ventures, Pritzker Group and Interplay. ShopThing offers products and services including ShopThing App and Seller Platform. ShopThing operates in a competitive market with competitors including Millions, Stage TEN and Checkout Live, among others.
- Headquarter Toronto, Canada
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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 Shopthing Inc
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$10 M (USD)
in 1 rounds
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Latest Funding Round
$10 M (USD), Series A
Mar 23, 2022
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Investors
Origin Ventures
& 2 more
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Employee Count
Employee Count
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Products & Services of ShopThing
ShopThing offers a comprehensive portfolio of products and services, including ShopThing App and Seller Platform. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
App for buying luxury items with exclusive deals and guarantees.
Platform for users to list and sell luxury goods easily online.
Unlock access to complete
Funding Insights of ShopThing
ShopThing has successfully raised a total of $10M through 1 strategic funding round. The most recent funding activity was a Series A round of $10 million completed in March 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 1
- Last Round Series A — $10.0M
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First Round
First Round
(23 Mar 2022)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2022 | Amount | Series A - ShopThing | Valuation | Origin Ventures |
| 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 ShopThing
ShopThing has secured backing from 3 investors, including venture fund investors. Prominent investors backing the company include Origin Ventures, Pritzker Group and Interplay. 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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VC firm investing in the US
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Founded Year | Domain | Location | |
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Investments in SaaS, marketplace, and middle market companies are managed.
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Founded Year | Domain | Location | |
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Tech startups in US sectors are funded by Interplay 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 ShopThing
| 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 - ShopThing
| 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 |
Shopthing Comparisons
Competitors of ShopThing
ShopThing 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 Millions, Stage TEN and Checkout Live, 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 |
Reward-based cards are issued to customers for earning transaction tickets.
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| domain | founded_year | HQ Location |
Cloud-based live video broadcasting is facilitated for content creators.
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| domain | founded_year | HQ Location |
Provides a platform for interactive live shopping experiences.
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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 ShopThing
When was ShopThing founded?
ShopThing was founded in 2019 and raised its 1st funding round 3 years after it was founded.
Where is ShopThing located?
ShopThing is headquartered in Toronto, Canada. It is registered at Toronto, Ontario, Canada.
Is ShopThing a funded company?
ShopThing is a funded company, having raised a total of $10M across 1 funding round to date. The company's 1st funding round was a Series A of $10M, raised on Mar 23, 2022.
What does ShopThing do?
ShopThing was founded in 2019 in Toronto, Canada, and operates as an online retailer in the fashion e-commerce sector. Products such as clothing, shoes, bags, and jewelry are offered through live streaming platforms. User interaction with influencers is facilitated via chat queries during streams. A dedicated mobile application is available exclusively for iOS devices to support shopping activities.
Who are the top competitors of ShopThing?
ShopThing's top competitors include Millions, Stage TEN and Checkout Live.
What products or services does ShopThing offer?
ShopThing offers ShopThing App and Seller Platform.
Who are ShopThing's investors?
ShopThing has 3 investors. Key investors include Origin Ventures, Pritzker Group, and Interplay.