Shop101, a Mumbai-based mobile storefront
Some existing investors such as Vy Capital, Stellaris Venture Partners, and Ramakant Sharma, the Co-founder of the home décor startup Livspace have also participated in the round.
Just five months before, the startup secured $5 Million in a Series A round of funding, which was led by Stellaris Venture Partners.
Shop101 is run by O(1) India Private Limited. The startup is reportedly planning to strengthen its team, scale the supplier network, along with reinforcing its technology platform, with the help of the latest funds.
Briefing about the investment, Vani Kola, the Managing director at
Founded by IIT Kharagpur alumni, Abhinav Jain
Abhinav Jain, The co-founder and CEO of
Picture Credits: Shop101