# SHOP-ING

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/shop-ing

- Industry: Internet
- Headquarters: Seoul, South Korea
- Website: www.shop-ing.kr
- Total disclosed funding: $0.1M
- Latest round: Seed (Feb 17, 2021)
- Investors on record: 1

## About

Based in South Korea, SHOP-ING operates a unique platform that enhances the retail and e-commerce experience, offering innovative solutions tailored for both consumers and businesses.Founded in 2016 and headquartered in Seoul, South Korea, SHOP-ING specializes in retail and e-commerce solutions. The company raised venture funding from Korea Venture Investment Corporation in February 2021.The company offers a range of innovative products and services designed to meet the needs of its diverse customer base. Central to its offerings are advanced solutions in the retail and e-commerce sectors, aimed at enhancing the shopping experience for consumers while streamlining operations for businesses. These products facilitate seamless transactions, improve inventory management, and provide data-driven insights to clients. The primary end users include both retail businesses looking to optimize their operations and consumers seeking an efficient shopping experience. The company's products have been strategically introduced into markets across Asia and select regions in Europe, catering to a broad spectrum of customers from small businesses to large enterprises.The company's revenue structure is primarily built around direct-to-consumer and B2B relationships, with a focus on subscription-based services and partnerships. Clients typically engage in transactions through tiered pricing plans that vary based on the specific products and services utilized. These transactions often involve ongoing subscriptions for software solutions that support various retail functions, including inventory tracking and analytics. Flagship products include proprietary software that enhances user engagement and operational efficiency, contributing significantly to the company’s revenue generation. The established pricing framework allows clients to select plans that align closely with their business needs, ensuring both flexibility and scalability in service offerings.SHOP-ING plans to expand its product range with new innovative solutions slated for launch by late 2022. The company targets expansion into additional markets in Southeast Asia and Europe by 2023. The recent funding from Korea Venture Investment Corporation will be utilized to support these product launches and market expansion efforts.

## Funding rounds

- Seed, Feb 17, 2021, $0.1M — Korea Venture Investment Corporation

## Investors

- Korea Venture Investment Corporation (https://capitalatlas.ai/funds/korea-venture-investment-corporation) — Seed