# Shopflo Technologies Private

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/shopflo-technologies-private

- Industry: Software
- Headquarters: New Delhi, India
- Website: www.shopflo.com
- Total disclosed funding: $23M
- Latest round: Series A (Jul 29, 2025)
- Investors on record: 6

## About

Based in New Delhi, India, and founded in 2021 by Priy Ranjan (CEO), Ankit Bansal, and Ishan Rakshit, Shopflo Technologies Private Limited is a software development firm focusing on e-commerce platform for the enhancement of the shopping experience. In July 2025, Shopflo Technologies Private Limited raised USD 20 million in Series A funding, with participation from Elevation Capital, Tiger Global Management, RTP Global, Better Capital, and Z47. The company provides software solutions that enhance the consumer experience of e-commerce companies with regards to checking out and cart recovery. The company generates revenue based on a subscription-based model and charges 1 percent of Growth based fee of sales for brands doing above 5L GMV. The company charges 0.6 percent of Growth based fee of sales for brands doing above 15L GMV and 0.4 percent of Growth based fee of sales for brands doing above 75 Lakhs GMV (customizable). The company plans to utilize the July 2025 funding toward increasing its workforce, advancing product development, and broadening its presence throughout Southeast Asia.

## Funding rounds

- Series A, Jul 29, 2025, $20M — Tiger Global Management, RTP Global, Elevation Capital, Z47, Better Capital
- Seed, May 11, 2022, $2.6M — Tiger Global Management, Better Capital, TQ Ventures

## Investors

- Tiger Global Management (https://capitalatlas.ai/funds/tiger-global-management) — Seed, Series A
- Better Capital — Seed, Series A
- TQ Ventures (https://capitalatlas.ai/funds/tq-ventures) — Seed
- RTP Global (https://capitalatlas.ai/funds/rtp-global) — Series A
- Elevation Capital — Series A
- Z47 (https://capitalatlas.ai/funds/z47) — Series A