About ShopUp
ShopUp is a company based in Dhaka (Bangladesh) founded in 2017 by Ataur Rahim Chowdhury, Sujayath Ali, Afeef Zaman, and Navaneetha Krishnan Jaganathan. It operates as a Two-Sided Marketplace and Managed Services. ShopUp has raised $198.12 million across 8 funding rounds from investors including Citi, VEON and Saison Card. The company has 1 employees as of April 08, 2024. ShopUp offers products and services including Mokam and REDX. ShopUp operates in a competitive market with competitors including Cart.com, AnyMind Group, BigCommerce, ANS Commerce and CommerceIQ, among others.
- Headquarter Dhaka, Bangladesh
- Employees 1 as on 08 Apr, 2024
- Founders Ataur Rahim Chowdhury, Sujayath Ali, Afeef Zaman, Navaneetha Krishnan Jaganathan
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Sectors
Retail
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Email
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Phone
Locked
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Website
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Social
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- Legal Name Shopfront Limited
- Date of Incorporation 14 Mar, 2024
- Jurisdiction Bangalore North, Karnataka, India
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$198.12 M (USD)
in 8 rounds
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Latest Funding Round
$6.5 M (USD), Debt – Conventional
Aug 17, 2024
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Investors
Citi
& 12 more
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Employee Count
1
as on Apr 08, 2024
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Products & Services of ShopUp
ShopUp offers a comprehensive portfolio of products and services, including Mokam and REDX.
Mokam connects manufacturers to small retail shops efficiently.
REDX provides last-mile logistics across extensive national coverage.
People of ShopUp
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Funding Insights of ShopUp
ShopUp has successfully raised a total of $198.12M across 8 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $6.5 million completed in August 2024. 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.
Investors in ShopUp
ShopUp has secured backing from 13 investors, including institutional and venture fund investors. Prominent investors backing the company include Citi, VEON and Saison Card.
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Flourish Ventures is focused on investing in mission-driven fintech entrepreneurs.
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Global investments in tech sectors are conducted by Valar Ventures.
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Venture and private equity investments are managed with global diversification.
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Investor details for ShopUp
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Verified entity values are shown only after access is granted.
Investments & Acquisitions by ShopUp
Investment portfolio details for ShopUp
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Financial Statements - ShopUp
Detailed financials for ShopUp
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- Profit trends
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Shopup Comparisons
Peer comparison for ShopUp
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- Named peers
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Competitors of ShopUp
ShopUp 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 Cart.com, AnyMind Group, BigCommerce, ANS Commerce and CommerceIQ, among others.
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Software suite solutions are provided for e-commerce businesses.
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Platforms for e-commerce, marketing, and manufacturing are provided.
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SaaS-based software suites for e-commerce operations are provided.
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E-commerce solutions and logistics are provided for online businesses.
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AI platform for retail ecommerce management and optimization is provided.
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Detailed competitors of ShopUp
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Latest news on Shopup
Complete news archive for ShopUp
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Frequently Asked Questions about ShopUp
ShopUp was founded in 2017 and raised its 1st funding round 1 year after it was founded.
ShopUp is headquartered in Dhaka, Bangladesh.
Afeef Zaman is the current CEO of ShopUp. They have also founded this company.
ShopUp is a funded company, having raised a total of $198.12M across 8 funding rounds to date.
As of Apr 08, 2024, the latest employee count at ShopUp is 1.
ShopUp is dedicated to supporting small businesses by integrating commerce, logistics, and financing solutions. The company operates in Bangladesh, connecting manufacturers and mills to neighborhood retail shops via its B2B platform, Mokam. Additionally, its logistics network, REDX, ensures last-mile delivery across 493 sub-districts in 64 districts. ShopUps services are designed to facilitate access to essential goods for millions, while enabling small business growth in challenging economic conditions.
ShopUp's top competitors include CommerceIQ, Cart.com and aCommerce.
ShopUp offers Mokam and REDX.
ShopUp has 13 investors. Key investors include Citi, VEON, Saison Card, Speedinvest, and Prosus.