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§ Private Profile · Bangalore, India
Shopflo is a technology company.
Shopflo provides a software-as-a-service platform engineered to optimize the e-commerce checkout experience. This comprehensive solution offers capabilities across checkout, identity management, analytics, payments, cart functionality, design, discounts, upsells, and a Shop Pass feature. Its technical approach focuses on delivering tailor-made user journeys, aiming to significantly enhance conversion rates, boost prepaid order shares, increase average order value, and mitigate return-to-origin issues for its clients.
The company was founded in 2021 by Ankit Bansal, Ishan Rakshit, and Priy Ranjan. Their founding insight stemmed from recognizing a critical gap in the e-commerce landscape for direct-to-consumer brands, where an advanced and highly optimized checkout experience could substantially improve conversion metrics and foster stronger customer trust. The founders identified a need for specialized tools that could cater to the unique demands of modern online retail.
Shopflo serves a growing base of direct-to-consumer brands seeking to elevate their online sales performance. The company's long-term vision centers on empowering these e-commerce businesses by transforming the entire purchasing funnel into a more efficient and customer-friendly process. It continues to evolve its platform to ensure a seamless and high-converting checkout journey for online retailers, driving sustained revenue growth.
Shopflo has raised $3.0M across 1 funding round.
Shopflo has raised $3.0M in total across 1 funding round.
Shopflo has raised $3.0M across 1 funding round. Most recently, it raised $3.0M Seed in May 2022.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| May 1, 2022 | $3M Seed | TQ Ventures, Tiger Global | Abstract Ventures, Benchmark, Better Capital, Dunce Capital, Floodgate, Long Journey Ventures, NOT Boring Capital, Sequoia Capital, Smash Capital, Trust Fund, Vibe Capital, Amadeo Brenninkmeijer, Baron Davis, Gagan Biyani, Gautam Gupta, JIM Lanzone, Kunal Shah, Scott Banister | Announced |
Shopflo has raised $3.0M in total across 1 funding round.
Shopflo's investors include TQ Ventures, Tiger Global, Abstract Ventures, Benchmark, Better Capital, Dunce Capital, Floodgate, Long Journey Ventures, Not Boring Capital, Sequoia Capital, Smash Capital, Trust Fund.
Shopflo is an Indian SaaS fintech company that builds a personalized, conversion-focused checkout platform for D2C and e‑commerce brands, combining identity (password‑less login), promotions/discount engines, payment orchestration, and analytics to raise order conversion and AOV for merchants.[4][1]
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