glam studio Archives - Inc42 Media

Gurugram-based online marketplace ShopClues will invest $150K (INR 1 Cr) collectively across four startups. With the proposed funding, ShopClues will also provide assistance in operations, technology and strategic partnerships to these startups. The company will divide money based upon the stage and requirements of the startups. Ganesh Balakrishnan, assistant vice-president, Merchant Services, ShopClues said, "We are not sure yet if we will have a stake in the company or disburse the amount based on milestones. All the details will get finalised by next week.” "It's not just money that we are giving. We want to help the entrepreneurs with our know-how and expertise in ecommerce itself and offer any operational help," he added. The startups receiving funding are Pepper Agro, Glam Studios, Ornativa and Scrapify. ShopClues shortlisted them through the 'Next Big E-preneur Challenge' event. The event was organised by ShopClues itself and they now plan to make it an annual thing. Ornativa, a jewellery startup uses 3D printing technology to build their products. It is already a merchant on ShopClues and wants to use the funding to scale up and build its brand. Bengaluru-based Pepper Agro was founded in 2012 by Titus John. It is an online marketplace for gardening products. Scrapify is still in its ideation stage. Founded in 2016, Noida-based Glam Studios claims to be India’s first chain of tech-driven standardised salons. It currently provides services in Hyderabad and NCR. Gurugram-based ShopClues was launched in 2011 by Sandeep Aggarwal, Radhika Aggarwal and Sanjay Sethi. It counts GIC of Singapore, Tiger Global, Nexus Venture Partners and Helion Ventures as investors and has raised about $250 Mn till date. In 2015, ShopClues invested in real-time shopping-assistant app HeyBiz. In July 2016, ShopClues had acquired mobile payments startup Momoe Technologies. In August 2016, Chinese ecommerce giant, Alibaba reportedly held discussions to acquire ShopClues. With the move, Alibaba planned to merge the marketplace of Paytm with ShopClues, to firm up its position against rival Amazon. This development was first reported in ET.

Flipkart Ready To Enter Food Retail Business With Flipkart FarmerMart

BP-RIL Venture Plans To Boost India’s EV Charging Infrastructure

Paytm Close To $2 Bn Funding Round From SoftBank, Ant Financial, T Rowe Price

Apple Begins Manufacturing iPhone XR In India

Empowering India’s Unorganised Retail: How Meesho Scaled Up Reselling To New He...

Gradeup Looks To Leverage Its Test Prep Community With INR 150 Cr Investment For...

How Wysa Is Using AI To Solve The Growing Risk Of Mental Health Problem In India...

Inc42 UpNext: RateGain On Pace To Join SaaS Unicorn Party On The Back Of Global ...

The Economics Of Foodtech Part 2: The Math Behind Cloud Kitchens In India

Dineout’s Vivek Kapoor Gets Candid About His Startup Journey At Hyderabad’s Firs...

From A Teen Founder To Controversies And Expansion: How Did OYO Start?

The Innovation At Play In Tier 2: BIGShift Discovers 10 Startups From India’s Em...

glam studio

ShopClues To Invest $150K In Four Startups

ShopClues To Invest $150K In Four Startups

Featured Stories

Global Oil Major Shell Acquires 20% Stake in Bengaluru-Based Orb Energy

The Fintech Startups Highlighted In Government’s Steering Committee Report On Th...

Ahmedabad Proves To Be A Beacon Of Inspiration For Emerging Startup Hubs With BI...

FinBox Raises Pre-Series A Round Led By Arali Ventures

Why Data Is Not Oil: Here’s How India’s Data Localisation Norms Will Hurt The Ec...

India’s Debt Funding Boom Could Be Stifling Innovation Among Indian Startups

India To Become World’s Largest EV Market, Says WEF-Ola Mobility Report

India’s FMCG 2.0 Moment: Can FMCG Startups Tap Digital Media To Compete With Est...

India’s Tier 2, 3 Shoppers Help Amazon, Flipkart Beat Slowdown Blues As Festive ...

Pulse42, Mumbai : The Pulse Of Tech

Featured Stories

What's hot?

Upcoming Events