# Shoptimize India Pvt.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/shoptimize-india-pvt

- Industry: Software
- Headquarters: Pune, India
- Website: www.shoptimize.ai
- Latest round: Series A (Jun 10, 2020)
- Investors on record: 1

## About

Shoptimize India Pvt. Ltd. specializes in providing advanced analytics solutions tailored for eCommerce businesses, empowering them with data-driven insights for strategic decision-making.Founded in 2012 in Pune, India, Shoptimize India Pvt. Ltd. focuses on AI-powered analytics for eCommerce. The company was acquired in August 2022 by Graas, a portfolio company of Galaxy, Integra Partners, Performa, and Yuj Ventures, from SAHA Fund. Ivan Stanic and Mangesh Panditrao are the co-founders and serve as the company's CEOs. They have also founded Shoptimize LLC. The company has completed a total of 5 deals, with the most recent deal occurring on 2022-08-17. In this transaction, Shoptimize raised INR 15.000 mn in its most recent funding round, attracting investments from Saha Asset Advisors, bringing the total amount raised to INR 15.000 mn.Shoptimize offers advanced AI-powered analytics solutions specifically designed for eCommerce businesses. Their core product integrates various data sources, including store performance, advertising, inventory, and fulfillment processes, enabling businesses to make data-driven decisions related to pricing strategies, promotional offers, and inventory management. Their platform primarily serves clients in the Asia-Pacific region, focusing on markets such as Singapore, Australia, and India, where timely data analytics are essential for competitive advantage.In the most recent fiscal year, 2023, Shoptimize reported a revenue of INR 6,519,369.10 and an EBITDA of INR -1,048,877.10, reflecting the company's financial performance during this period.Shoptimize aims to enhance its analytical offerings by developing new products that cater to the evolving needs of eCommerce businesses. The company plans to expand its reach into additional markets within the Asia-Pacific region by 2024, targeting specific countries that demonstrate high growth potential for eCommerce. The recent funding of INR 15.000 mn will support these initiatives, ensuring that Shoptimize continues to innovate and grow its customer base.

## Funding rounds

- Series A, Jun 10, 2020 — Tandem Capital
- Seed, Jul 15, 2013 — Tandem Capital

## Investors

- Tandem Capital (https://capitalatlas.ai/funds/tandem-capital) — Seed, Series A