IIT Alumni's social commerce startup Shop101 raises â¹80 crore
Mumbai-based social commerce startup Shop101 has raised â¹80 crore (over $11 million) in a Series B funding round led by Kalaari Capital and Unilever Ventures. Existing investors including Stellaris Venture Partners and Vy Capital also participated in the round. Founded in 2015 by IIT Kanpur alumni Abhinav Jain and Aditya Gupta, Shop101 lets merchants sell products via social media platforms. nnnn