About ShopX
ShopX is a company based in Bengaluru (India) founded in 2015 by Apoorva Jois. ShopX has raised $78.71 million across 7 funding rounds from investors including Rajesh Ranavat, Sandhya Ranavat and Kewal Krishna Kohria. The company has 36 employees as of March 21, 2024. ShopX has completed 1 acquisition, including GabbarDeals. ShopX offers products and services including ShopX App. ShopX operates in a competitive market with competitors including Warung Pintar, 1K, Vilcart, Frendy and Kilo, among others.
- Headquarter Bengaluru, India
- Employees 36 as on 21 Mar, 2024
- Founders Apoorva Jois
- Stage Minicorn
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Sectors
Retail
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Email
Locked
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Phone
Locked
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Website
Locked
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Social
Locked
- Legal Name 10I Commerce Services Private Limited
- Date of Incorporation 10 Mar, 2015
- Jurisdiction Bangalore, Karnataka, India
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Annual Revenue
$8 M (USD)-90.04as on Mar 31, 2022
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Net Profit
-$14.97 M (USD)4.85as on Mar 31, 2022
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EBITDA
-$12.86 M (USD)4.99as on Mar 31, 2022
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Total Equity Funding
$78.71 M (USD)
in 7 rounds
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Latest Funding Round
$1.49 M (USD), Angel Round
Feb 28, 2020
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Investors
Fung Group
& 4 more
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Employee Count
36
as on Mar 21, 2024
- Investments & Acquisitions
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Products & Services of ShopX
ShopX offers a comprehensive portfolio of products and services, including ShopX App.
App for earning discounts and cashbacks on local purchases via UPI
Funding Insights of ShopX
ShopX has successfully raised a total of $78.71M across 7 strategic funding rounds. The most recent funding activity was a Angel Round of $1.49 million completed in February 2020. 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 ShopX
ShopX has secured backing from 5 investors, including angel and institutional investors. Prominent investors backing the company include Rajesh Ranavat, Sandhya Ranavat and Kewal Krishna Kohria.
| Investor | Description | Founded Year | Domain | Location |
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A holding company specializing in supply chain management and trading activities.
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Locked | Locked | Locked | |
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RR
Rajesh Ranavat |
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Locked | Locked | Locked |
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SR
Sandhya Ranavat |
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Locked | Locked | Locked |
Investor details for ShopX
Investor domains, locations, round participation, and complete history require an active premium plan.
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Investments & Acquisitions by ShopX
ShopX has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include GabbarDeals.
Investment portfolio details for ShopX
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- Transaction dates
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| Company Name | Description | Domain | Location | Founded Year | Amount |
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Electronic products and accessories are sold via an e-commerce platform.
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Locked | Locked | 2000 | Locked |
Complete acquisition details for ShopX
Transaction dates, acquired stakes, disclosed values, domains, and locations require an active premium plan.
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Financial Statements - ShopX
Detailed financials for ShopX
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Shopx Comparisons
Peer comparison for ShopX
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Competitors of ShopX
ShopX 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 Warung Pintar, 1K, Vilcart, Frendy and Kilo, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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| Locked | Locked | Locked |
Retail aggregator solutions are offered to local merchants in Indonesia.
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| Locked | Locked | Locked |
Platform offering retail store aggregating solution for grocery stores
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| Locked | Locked | Locked |
Tech-enabled logistics solutions are provided for rural retailers in India.
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| Locked | Locked | Locked |
Digitized convenience store network solutions for retailers
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| Locked | Locked | Locked |
Retail aggregating solutions are provided for small and medium businesses.
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Detailed competitors of ShopX
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Latest news on Shopx
Complete news archive for ShopX
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Frequently Asked Questions about ShopX
ShopX was founded in 2015.
ShopX is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
ShopX is a funded company, having raised a total of $78.71M across 7 funding rounds to date.
As of Mar 21, 2024, the latest employee count at ShopX is 36.
Annual revenue of ShopX is $8M as on Mar 31, 2022.
ShopX was founded in 2015 in Bengaluru, India, as a fintech platform focused on retail rewards. A mobile application is utilized by users to scan UPI QR codes at participating local stores, enabling transactions and earning of cashback, discounts, and rewards. Connections between consumers and local businesses are facilitated through this system, which supports everyday purchases while rewarding user patronage in the Indian market.
ShopX offers ShopX App.
ShopX has made 1 acquisition, including GabbarDeals.
ShopX has 5 investors. Key investors include Rajesh Ranavat, Sandhya Ranavat, Kewal Krishna Kohria, Fung Group, and Nandan Nilekani.
The valuation of ShopX is $102.47M as of May 2019.