About WeShop
WeShop is a company based in London (United Kingdom) founded in 2013 was acquired by Boanerges in November 2021. It operates as a Two-Sided Marketplace, and Commission-Based. WeShop has raised $1.56 million across 2 funding rounds from investors including Caledonian Holdings PLC, IamFire and Boanerges. The company has 11 employees as of February 28, 2021. WeShop offers products and services including Social Shopping Platform. WeShop operates in a competitive market with competitors including Rakuten, Qmee, Quidco, Pouring Pounds and Maximiles, among others.
- Headquarter London, United Kingdom
- Employees 11 as on 28 Feb, 2021
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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 Weshop Holdings Limited
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Annual Revenue
$29.82 K (USD)9494as on Feb 28, 2021
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Net Profit
$-4.91 M (USD)0as on Feb 28, 2021
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EBITDA
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Total Equity Funding
$1.56 M (USD)
in 2 rounds
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Latest Funding Round
$3.46 M (USD), Post-IPO
Aug 27, 2020
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Investors
Caledonian Holdings PLC
& 2 more
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Employee Count
11
as on Feb 28, 2021
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Acquired by
Boanerges
(Nov 17, 2021)
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Products & Services of WeShop
WeShop offers a comprehensive portfolio of products and services, including Social Shopping 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.
A platform for shopping with social sharing features.
Funding Insights of WeShop
WeShop has successfully raised a total of $1.56M across 2 strategic funding rounds. The most recent funding activity was a Post-IPO round of $3.46 million completed in August 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.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Post-IPO — $3.5M
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First Round
First Round
(01 Jun 2014)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2020 | Amount | Post-IPO - WeShop | Valuation |
investors |
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| Jun, 2014 | Amount | Seed - WeShop | Valuation | Vela Technologies |
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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 |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in WeShop
WeShop has secured backing from 3 investors, including venture fund investors. Prominent investors backing the company include Caledonian Holdings PLC, IamFire and Boanerges. 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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Private equity investments in Europe are managed by Vela Technologies.
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Founded Year | Domain | Location | |
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A blank check firm specializing in acquisitions within tech sectors.
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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 WeShop
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
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 - WeShop
| 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 |
Weshop Comparisons
Competitors of WeShop
WeShop 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 Rakuten, Qmee, Quidco, Pouring Pounds and Maximiles, 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 |
Internet services in e-commerce, finance, and digital content are operated.
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| domain | founded_year | HQ Location |
App-based online platform offering rewards
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| domain | founded_year | HQ Location |
Card-linked cashback and loyalty platform
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| domain | founded_year | HQ Location |
Cashback for users and solutions to corporates and unions
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| domain | founded_year | HQ Location |
Maximiles is operated as a platform for earning rewards through surveys.
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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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Latest news on Weshop
Frequently Asked Questions about WeShop
When was WeShop founded?
WeShop was founded in 2013 and raised its 1st funding round 1 year after it was founded.
Where is WeShop located?
WeShop is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
Who is the current CEO of WeShop?
Abdelghani Eddahbi is the current CEO of WeShop.
Is WeShop a funded company?
WeShop is a funded company, having raised a total of $1.56M across 2 funding rounds to date. The company's 1st funding round was a Seed of $1.56M, raised on Jun 01, 2014.
How many employees does WeShop have?
As of Feb 28, 2021, the latest employee count at WeShop is 11.
What is the annual revenue of WeShop?
Annual revenue of WeShop is $29.82K as on Feb 28, 2021.
What does WeShop do?
A social shopping platform is provided by WeShop, connecting over 500 retailers with users across the UK. Various categories including fashion, tech, and home products are covered. The Shareback mechanism is implemented to reward shoppers with shares for purchases and referrals. A mobile shopping experience is facilitated, allowing users to browse, buy, and recommend products within a community-driven environment.
Who are the top competitors of WeShop?
What products or services does WeShop offer?
WeShop offers Social Shopping Platform.
Who are WeShop's investors?
WeShop has 3 investors. Key investors include Caledonian Holdings PLC, IamFire, and Boanerges.
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