Shop101 Convinces Stellaris Venture Capital to Lead Series A Funding
With danger-solving being the criteria, Stellaris Venture Companions has no longer too lengthy ago led Sequence A for Shop101 that lets entrepreneurs sell on-line moreover on various social platforms. This startup, falling into the category of social commerce wooed Stellaris alongside with VY Capital, Raghunandan G who is Co-Founding father of Taxi4Sure, and Ramakant Sharma who is Co-Founder at Livspace.
This Sequence A round saw investments to the tune of USD 5 Million.
Social Commerce – Subsequent-Gen instrument for entrepreneurs
With up to the moment-day patrons preferring to be drivers of commerce by mentoring “snappily-witted” entrepreneurs in increasing healthful technology-driven models with respect to each and every replace moreover mitigating concerns, Social Commerce could well true be the following snappily-witted platform pondering the truth that entrepreneurs could well sell their offerings in comparatively lesser time.
Additionally, Shop101 offers platforms for entrepreneurs to sell on-line and not using a additional investments. A customised on-line storefront is available to sellers in lower than 2 minutes. Arrangement viewers area for Shop101 are established entrepreneurs, retailers, housewives, college students, and younger graduates. The Shop101 cell application additionally curiously offers of promoting of wares up to the associated rate of INR 50000 per week.
Therefore, a possible integration between e-commerce and social commerce could well perchance be witnessed with social commerce, and harnessing platforms additionally mitigate the danger of discovering qualified patrons whilst getting of us linked by technology, PAN-India logistics and rate solutions.
“Social commerce offers a extra human contact to an on-line promoting experience and opens up a new area of alternatives by tapping into the following 500 million users by providing a layer of belief, and curation,” acknowledged Rahul Chowdhri who is Accomplice at Stellaris Venture Capital.
“We were in a position to construct a in actuality true quality platform that can perchance well merit entrepreneurs save mighty extra moreover place money by working at in actuality low charges,” added Abhinav Jain – Founder and CEO at Shop101.
What waste the numbers suppose?
With Rahul Chowdhri now being an aspect of the board at Shop101, the startup has now raised INR 5 Million in Venture Capital funding. Headquartered in Mumbai, Shop101 became once founded in 2015 by Abhinav Jain and Aditya Gupta.
Shop101 states that the USD 5 Million funding could well perchance be utilised to present a raise to the core team and scale the dealer platform.