Startup Shop101 raises 80 cr in series B funding

Shop101, a leading social commerce platform that helps entrepreneurs build a business with zero investment, has raised Rs 80 crore in Series B funding from Kalaari Capital and Unilever Ventures. The latest fund-raise comes in less than five months of the Series A fund-raise of 5 million dollars from Stellaris Venture Partners and Vy Capital. The company will use the capital to strengthen its core leadership and product team, scale the supplier network and enhance the technology platform, Abhinav Jain, Founder & CEO, Shop101. Shop101 enables reselling from a wide range of supply of products along with providing a technology platform to setup online stores integrated with a pan-India fulfillment network.