# Relevant E-Solutions Private

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/relevant-e-solutions-private

- Industry: Internet
- Headquarters: Gurgaon, India
- Website: www.roposo.com
- Total disclosed funding: $33M
- Latest round: Series D (Jun 8, 2019)
- Investors on record: 4

## About

Relevant E-Solutions Private Limited operates as a prominent live entertainment-commerce platform in India, blending live video content with online shopping to create interactive and engaging consumer experiences.Founded in 2013 and headquartered in Gurgaon, India, Relevant E-Solutions Private Limited specializes in live commerce, enabling users to shop during live video streams. The company was acquired by Glance, a subsidiary of Mithril Capital Management, in November 2019. The founder, Kaushal Shubhank, has a history of entrepreneurship, although details of previous ventures are not specified. The company has successfully completed 9 deals in total and raised a total of INR 346.79 mn through funding rounds, with the latest being a Series D round led by Tiger Global Management, which valued the company at INR 3150.68 mn.Roposo, the platform operated by Relevant E-Solutions, provides a unique live entertainment-commerce experience in India, allowing users to interact with live video content and shop simultaneously. Its signature pop store feature enables brands and individuals to create personalized stores for real-time product sales during live broadcasts. This model effectively engages a diverse customer base, including content creators, brands, and consumers, by merging entertainment with direct purchasing opportunities.In 2021, Relevant E-Solutions reported revenues of INR 0, with an EBITDA of -INR 529421.6. The company's revenue model is centered around transactions during live streams, which encompasses direct-to-consumer sales, brand partnerships, and potential subscription services, facilitating a dynamic shopping environment for users.Following its acquisition in November 2019, Relevant E-Solutions is expected to enhance its product offerings and further integrate its services with Glance's capabilities. Plans for future growth include the development of new interactive features for users and potential expansions into other regions within India. The strategic use of recent funding will support these initiatives, fostering innovation and broader market reach.

## Funding rounds

- Series D, Jun 8, 2019, $5M — Tiger Global Management
- Series C, Dec 5, 2018, $8.6M — Tiger Global Management
- Series C, Oct 22, 2018, $1.6M — Bertelsmann India Investments
- Series B, Apr 26, 2016, $5M — Bertelsmann India Investments
- Series B, Nov 20, 2015, $8M — Tiger Global Management
- Series A, Mar 20, 2015, $4.8M — Tiger Global Management, India Quotient
- Seed, Dec 17, 2013, $0.5M — India Quotient, 5ideas

## Investors

- India Quotient (https://capitalatlas.ai/funds/india-quotient) — Seed, Series A
- 5ideas (https://capitalatlas.ai/funds/5ideas) — Seed
- Tiger Global Management (https://capitalatlas.ai/funds/tiger-global-management) — Series A, Series B, Series C, Series D
- Bertelsmann India Investments (https://capitalatlas.ai/funds/bertelsmann-india-investments) — Series B, Series C