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InMobi-owned Glance buys social commerce startup Shop101

Tuesday 15 June 2021 12:58 CET | News

Content discovery platform Glance has announced acquiring India-based full stack ecommerce platform Shop101 in an undisclosed value through a combination of cash and equity.

According to a statement made by the company, with Shop101, Glance and Roposo will have access to a ecommerce technology platform, supply chain infrastructure and the talent base required to build an influencer-driven commerce platform. This will also reportedly benefit Shop101’s suppliers who can leverage Glance’s 125 million+ daily active users to grow their businesses.

The content creators and influencers on Glance and Roposo will provide the entry point into mobile commerce. Shop101 will deliver the enablement. This is the second acquisition by Glance after Roposo. The unicorn startup is backed by investors such as Google and Mithril Capital.


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Keywords: acquisition, ecommerce, ecommerce platform, Google Pay
Categories: Payments & Commerce
Companies:
Countries: India
This article is part of category

Payments & Commerce






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