Mumbai Based Startup Shop101 Raises $5 Million
The social commerce platform ‘Shop101’ has reportedly secured an amount of $5 million. The particular funding round was led by Stellaris Venture Partners and along with this saw the participation of investors like Vy Capital, Raghunandan G (TaxiForSure co-founder), and Ramakant Sharma (Livspace co-founder).
The funds raised through the latest round will be utilized in the process of strengthening the company’s core leadership and product team. Also, a part of the funds will be used for boosting up the supplier network and enhance its technology platform.
“We are very excited to partner with Abhinav (Jain), Aditya (Gupta) and their exceptional team in their journey to build India’s first social selling platform,” said Chowdhri.
Founded in 2015 by Abhinav Jain and Aditya Gupta, the Mumb...