Shopflo raises $2.6M in Tiger Global, TQ Ventures led funding round
Shopflo has secured $2.6 million in a seed funding round. Tiger Global and TQ Ventures led the round in the ecommerce enablement startup. Shopflo, an ecommerce enablement firm, announced a $2.6 million seed fundraising round headed by Tiger Global and TQ Ventures. The round also had the participation of Better Capital and a group of angel investors from the Indian startup ecosystem. Shopflo is now one of the few Indian firms at the pre-product stage that have gotten seed investment from Tiger Global. While Tiger is a multi-stage fund, it seldom invests in seed-stage startups. Shopflo, founded in 2021 by Priy Ranjan, Ankit Bansal, and Ishan Rakshit, is a platform that enables direct-to-consumer (D2C) companies to enhance their checkout experience and conversion rates on their own websites. It also contributes to personalizing these checkout experiences for customers across businesses. Currently, the business has partnerships with six merchants, including D2C ente...