About ShopWell
ShopWell is a company based in Redwood City (United States) founded in 2008 was acquired by Innit in February 2017.. ShopWell has raised $11.69 million across 7 funding rounds from investors including Innit, IDEO and Finistere Ventures. ShopWell operates in a competitive market with competitors including Byborre, Cooklist, Cherrypick, mySuperMarket and CozZo, among others.
- Headquarter Redwood City, United States
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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
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Funding Insights of ShopWell
ShopWell has successfully raised a total of $11.69M across 7 strategic funding rounds. The most recent funding activity was a Series C round of $3.4 million completed in October 2015. 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 7
- Last Round Series C — $3.4M
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First Round
First Round
(19 Feb 2010)
- Investors Count 7
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Oct, 2015 | Amount | Series C - ShopWell | Valuation | Finistere Ventures | |
| Nov, 2012 | Amount | Seed - ShopWell | Valuation |
investors |
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| Sep, 2012 | Amount | Seed - ShopWell | Valuation |
investors |
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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 ShopWell
ShopWell has secured backing from 8 investors, including venture fund and institutional investors. Prominent investors backing the company include Innit, IDEO and Finistere Ventures. 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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Founded Year | Domain | Location | |
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Early-stage US tech investments are made by Fairhaven Capital.
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Founded Year | Domain | Location | |
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Venture capital investments are directed toward Germany and the US.
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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 ShopWell
| 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 - ShopWell
| 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 |
Shopwell Comparisons
Competitors of ShopWell
ShopWell 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 Byborre, Cooklist, Cherrypick, mySuperMarket and CozZo, 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 |
Online B2B platform offering e-commerce software suite for fashion businesses
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| domain | founded_year | HQ Location |
Cooklist is developed as a meal planning and grocery shopping app.
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| domain | founded_year | HQ Location |
Meal planning, grocery shopping, and recipe access are enabled online.
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| domain | founded_year | HQ Location |
Grocery list building platform
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| domain | founded_year | HQ Location |
Grocery expiry dates are tracked via a mobile app platform.
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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 ShopWell
When was ShopWell founded?
ShopWell was founded in 2008 and raised its 1st funding round 2 years after it was founded.
Where is ShopWell located?
ShopWell is headquartered in Redwood City, United States. It is registered at Redwood City, California, United States.
Is ShopWell a funded company?
ShopWell is a funded company, having raised a total of $11.69M across 7 funding rounds to date. The company's 1st funding round was a Seed of $324K, raised on Feb 19, 2010.
What does ShopWell do?
ShopWell was founded in 2008 and is based in Redwood City, United States. The platform functions in the health technology sector, where barcodes on food items are scanned to access nutritional details. Suitability for individual dietary needs is assessed, and recommendations for foods are provided. Grocery lists are then generated based on this analysis. Certification from Registered Dietitians is held, along with status as a USDA Community Partner.
Who are the top competitors of ShopWell?
ShopWell's top competitors include Cherrypick, Cooklist and mySuperMarket.
Who are ShopWell's investors?
ShopWell has 8 investors. Key investors include Innit, IDEO, Finistere Ventures, Fairhaven Capital, and Munich Venture Partners.