About Shoption
Shoption is a company based in Pune (India) founded in 2019 by Somnath Shendge, Sharad Ramdas Kale, and Shraddha Sharad Kale.. Shoption has raised $834.56 thousand across 5 funding rounds from investors including Angel List, B&K Securities and Indigram Labs. Shoption operates in a competitive market with competitors including BigHaat, Agrim, Grow Indigo, Bijak and AgriApp, among others.
- Headquarter Pune, India
- Founders Somnath Shendge, Sharad Ramdas Kale, Shraddha Sharad Kale
- Stage Minicorn
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Sectors
AgricultureRetail
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Email
***********
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Phone
*********
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Website
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Social
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- Legal Name Shoption Private Limited
- Date of Incorporation 25 Jul, 2019
- Jurisdiction Haveli, Maharashtra, India
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Annual Revenue
$213.59 K (USD)6376.07as on Mar 31, 2022
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Net Profit
$-28.72 K (USD)-53.43as on Mar 31, 2022
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EBITDA
$-50.11 K (USD)-167.72as on Mar 31, 2022
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Total Equity Funding
$834.56 K (USD)
in 5 rounds
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Latest Funding Round
$373.86 K (USD), Seed
May 22, 2025
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Investors
Angel List
& 10 more
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Employee Count
Employee Count
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Funding Insights of Shoption
Shoption has successfully raised a total of $834.56K across 5 strategic funding rounds. The most recent funding activity was a Seed round of $373.86 thousand completed in May 2025. 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 5
- Last Round Seed — $373,856
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First Round
First Round
(07 Oct 2022)
- Investors Count 11
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2025 | Amount | Seed - Shoption | Valuation |
investors |
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| Mar, 2024 | Amount | Seed - Shoption | Valuation |
investors |
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| Oct, 2023 | Amount | Angel Round - Shoption | Valuation | Abhishek Goyal , Bikky Khosla |
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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 Shoption
Shoption has secured backing from 11 investors, including angel, venture fund, and institutional investors. Prominent investors backing the company include Angel List, B&K Securities and Indigram Labs. 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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Venture capital firm backing startups in Fintech and Consumer Tech sectors.
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Founded Year | Domain | Location | |
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Incubation and support for startups in agritech, foodtech, clean tech, and rural healthcare sectors.
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Founded Year | Domain | Location | |
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Venture capital fund focused on early-stage startups
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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 Shoption
| 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 - Shoption
| 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 |
Shoption Comparisons
Competitors of Shoption
Shoption 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 BigHaat, Agrim, Grow Indigo, Bijak and AgriApp, 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 |
Quality agri-inputs and information are delivered through an e-commerce platform.
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| domain | founded_year | HQ Location |
A platform for agri input retailers and suppliers in India.
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| domain | founded_year | HQ Location |
Biological and carbon solutions for sustainable agriculture are provided.
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| domain | founded_year | HQ Location |
Agricultural suppliers are connected to markets through a trade platform.
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| domain | founded_year | HQ Location |
Agricultural supplies and services are delivered via a mobile app.
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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 Shoption
When was Shoption founded?
Shoption was founded in 2019 and raised its 1st funding round 3 years after it was founded.
Where is Shoption located?
Shoption is headquartered in Pune, India. It is registered at Pune, Maharashtra, India.
Is Shoption a funded company?
Shoption is a funded company, having raised a total of $834.56K across 5 funding rounds to date. The company's 1st funding round was a Angel Round of $72.5K, raised on Oct 07, 2022.
What is the annual revenue of Shoption?
Annual revenue of Shoption is $213.59K as on Mar 31, 2022.
What does Shoption do?
Shoption was established in 2019 in Pune, India, as a B2B platform focused on irrigation products and equipment. Operations center on a digital catalog that encompasses spray pumps, cables, capacitors, plumbing fittings, tractor implements, chaff cutters, garden tools, and related items. A multi-brand sourcing system is maintained for irrigation retailers, enabling streamlined procurement across the sector.
Who are the top competitors of Shoption?
Shoption's top competitors include BigHaat, Agrim and Grow Indigo.
Who are Shoption's investors?
Shoption has 11 investors. Key investors include Angel List, B&K Securities, Indigram Labs, Gemba Capital, and Abhishek Goyal.
What is Shoption's valuation?
The valuation of Shoption is $15.97M as of May 2025.