# UAB Oberlo

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/uab-oberlo

- Industry: Internet
- Headquarters: Vilnius, Lithuania
- Website: www.oberlo.in
- Latest round: Seed (Mar 1, 2017)
- Investors on record: 1

## About

UAB Oberlo is a dropshipping platform that empowers entrepreneurs to create and manage e-commerce businesses effortlessly. The company simplifies product sourcing and inventory management, enabling online retailers to focus on growth and customer engagement.Founded in 2015, UAB Oberlo operates as a dropshipping platform that allows users to import products into their online stores without handling inventory. The company is headquartered in Vilnius, Lithuania. Oberlo was acquired by Shopify Inc. in April 2017 for USD 15 million, marking a strategic pivot in its operations to align closely with Shopify's offerings. The founder has not been publicly detailed, nor is there information on any prior ventures.Oberlo primarily offers a dropshipping platform that enables entrepreneurs to easily set up and manage online retail businesses without the need for inventory management, packaging, or shipping logistics. Users can discover and import products from various suppliers directly into their Shopify stores, streamlining the e-commerce process. The platform is designed for a diverse customer base, including aspiring entrepreneurs and seasoned business owners, particularly in markets such as North America, Europe, and parts of Asia. Oberlo's technology facilitates efficient scaling of operations while ensuring a user-friendly experience.In 2022, UAB Oberlo reported a revenue of USD 5,352,428, with an EBITDA of USD -1,015,534. The company generates revenue through a subscription model, allowing users to access its platform and features, which are crucial for conducting retail transactions. By providing a B2C model, it enables entrepreneurs to run online stores without upfront inventory costs, enhancing accessibility to e-commerce.UAB Oberlo plans to leverage its recent acquisition by Shopify to enhance its platform and reach new markets. The company is focused on expanding its offerings and developing new features to improve user experience, although specific new products and release dates have not been disclosed. Recent funding will be utilized to support these initiatives and explore expansion into additional geographic regions beyond its current markets in North America and Europe, although detailed timelines for these expansions are not currently available.

## Funding rounds

- Seed, Mar 1, 2017 — InReach Ventures

## Investors

- InReach Ventures (https://capitalatlas.ai/funds/inreach-ventures) — Seed