Shopflo funding, investors and company details

Shopflo is an emerging E-Commerce startup from New Delhi, working in the space of Shopflo operates in the fintech and e-commerce SaaS industry as a Bengaluru-based checkout optimization platform founded in 2021.. Founded by Ankit Bansal, Ishan Rakshit, Priy Ranjan.

Company: SHOPFLO TECHNOLOGIES PRIVATE LIMITED
Sector: E-Commerce
Location: New Delhi
Founders: Ankit Bansal, Ishan Rakshit, Priy Ranjan
Total funding raised: ₹20.17 Cr

Company overview

Shopflo (Shopflo Technologies Private Limited) is a Bengaluru-based fintech and e-commerce SaaS startup founded in 2021 by Ankit Jain, Ishan Rakshit, and Priyank Baid—all IIT alumni with experience from Oracle, McKinsey, and Elevation Capital.Shopflo offers a headless checkout platform for D2C brands, featuring personalized discounts, rewards, one-click purchases, and gamified promotions that boost conversions by 27%, prepaid share by 41%, and AOV by 28%. With 60+ employees and $3M+ raised from Tiger Global, TQ Ventures, and Better Capital, it serves 500+ brands like Traya and Emma Sleep in a subscription-based model amid the global unbundling of monolithic cart platforms.Shopflo aims to supercharge e-commerce checkout experiences—eliminating 70% cart abandonment—by delivering Swiggy/Amazon-like personalization and trust-building features through modular infrastructure for mid-market D2C brands seeking higher revenue per visitor.

Funding rounds

Latest round: $ 2.60 Mn (₹20.17 Cr.), 2022-05-11. Investors: Tiger Global, TQ Ventures