Social ecommerce startup ShopG raised $1.5 mn seed round

Social ecommerce platform ShopG raised $1.5 mn seed funding round led by Orios Venture Partners and RPSG Ventures. The round saw participation from Angel investors, including Alibaba; Rajesh Yabaji, CEO of Blackbuck; Raghunandan G, former CEO of Taxi for Sure; and Prasanth Nair, ex-Flipkart.

ShopG will expand its community leader network in lower-tier cities, scale its technology, build a supply of small regional brands, as well as help create a suite of D2C-branded products using the fresh infusion.

"The next 500 million internet customers, from Tier3/4 cities of India, who earn an average household income of Rs 25,000-30,000 per month, prefer assisted buying from someone they trust and have low average order values of less than Rs 250" said Co-founders Ankur and Abhishek.

17 views0 comments
  • Amazon Social Icon
  • Facebook Social Icon
  • LinkedIn Social Icon
  • Twitter Social Icon
  • Instagram

© 2021 by StartupNews. Proudly created in India