# Upmesh

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/upmesh

- Industry: Software
- Headquarters: Singapore, Singapore
- Website: www.upmesh.io
- Total disclosed funding: $3.5M
- Latest round: Seed (Oct 13, 2021)
- Investors on record: 4

## About

Upmesh, based in Singapore, provides a live selling and social commerce platform, enabling merchants to automate sales, payments, and marketing through social media channels like Facebook and Instagram.Founded in 2019 in Singapore, Upmesh operates in the live selling and social commerce space. The company has engaged in two deals, with its latest funding round in December 2021 raising USD 7.5 mn led by Monk's Hill Ventures. The company's leadership includes Co-founders Shawn Teow, Soh Jan, Vu Nhat, and CEO Wong Yang.Upmesh offers a comprehensive live selling and social commerce platform that facilitates automated sales, payments, marketing, and fulfillment, specifically tailored for Facebook and Instagram. Their core product enables merchants to create interactive, shoppable experiences through live sales events and shoppable posts and stories. This platform addresses key challenges faced by online retailers, such as cart abandonment and customer engagement, by providing features like automated comment replies and real-time inventory management. Upmesh’s client base includes over 1,000 merchants and brands across various sectors, primarily targeting e-commerce businesses seeking to leverage social media for direct sales. The platform operates globally, supporting businesses in regions such as Southeast Asia, the United States, the United Kingdom, and Australia.In 2023, Upmesh reported a revenue of USD 1.09 mn while experiencing an EBITDA of USD -3.88 mn. The company generates revenue through a subscription model that allows businesses to access its live selling and social commerce tools, enabling merchants to streamline their sales processes and improve conversion rates through automated support features.Following its recent funding round in December 2021, Upmesh plans to expand its regional presence in Southeast Asia. The company is set to release its first Instagram live sales app and develop back-end automation features, including logistics automation, while aiming to double the number of Livestream products offered.

## Funding rounds

- Seed, Oct 13, 2021, $3.5M — BEENEXT, Leo Capital, iSeed, Prasetia Dwidharma

## Investors

- BEENEXT (https://capitalatlas.ai/funds/beenext) — Seed
- Leo Capital (https://capitalatlas.ai/funds/leo-capital) — Seed
- iSeed (https://capitalatlas.ai/funds/iseed) — Seed
- Prasetia Dwidharma (https://capitalatlas.ai/funds/prasetia-dwidharma) — Seed