When was Shop founded?

Shop was founded in 2019 and raised its 1st funding round within a year of its incorporation.

Where is Shop located?

Shop is headquartered in Bengaluru, India. It is registered at A-294, Sector-8, Dwarka, New Delhi-110077, South Delhi, Delhi, Delhi, India, 110077.

Who is the current CEO of Shop?

Sumit Rajendra Shah of Shop. They are also an angel investors in 1 startup.

Which legal entities is Shop associated with?

Shop is associated with GROWTHPOND TECHNOLOGY PRIVATE LIMITED and 1 other.

How many employees does Shop have?

As of Apr 30, 2026, Shop has 2 employees, reflecting a 75% year-over-year decline in headcount.

Is Shop a funded company?

Shop is a funded company, having raised a total of $23.9M across 6 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on Nov 15, 2019.

How much is Shop worth?

The latest valuation of Shop is $***** as of Jan 06, 2023. This marks a decline of 7% from its peak valuation of $75.1M in Nov, 2019. This marks a decline of 7% from its peak valuation of $75.1M in Nov, 2019.

When was the latest funding round of Shop?

Shop's latest funding was a $***** Series A round on Aug 13, 2022, with participation from 6 investors. Its primary sector is B2B E-Commerce. In India, the B2B E-Commerce sector has seen $414M in funding in 2026 to date.

What is the annual revenue of Shop?

Annual revenue of Shop is between ₹10 Cr and ₹50 Cr as on Mar 31, 2023

Where does Shop rank among its competitors?

Shop ranks 57th amongst 1764 active competitors, of which 199 are funded. It stands 10th in terms of total funding among its competitors. The most recent competitor to raise funding was Cart.com, which secured $180M in Mar, 2026.

Who are the top competitors of Shop?

Shop's top competitors include Shopify, Squarespace and BigCommerce. Among them, Cart.com secured the most recent funding round in March, 2026.

Shop - 2026 Company Profile, Team, Funding, Competitors & Financials

Company Details

Provider of software tools for building and managing online stores. This platform enables users to create digital storefronts, upload product inventories, and integrate payment processing systems. It includes features for tracking orders, managing product variants, and generating business reports. The system supports the addition of staff accounts and provides tools for calculating taxes. Users can customize the appearance of their storefronts through various themes and extend functionality using third-party plugins. The infrastructure facilitates the operation of mobile applications and provides analytics regarding sales and traffic.

Website: mydukaan.io
Social
Email ID: *****@mydukaan.io
Part Of
Registered Address: A-294, Sector-8, Dwarka, New Delhi-110077, South Delhi, Delhi, Delhi, India, 110077

Key Metrics

Founded Year

2019

Location

Bengaluru, India

Stage

Series A

Total Funding

$23.9M in 6 rounds

Latest Funding Round

Series A, Aug 13, 2022, $*****

Post Money Valuation

$***** as on Jan 06, 2023

Investors

Sequoia Capital & 107 more

Ranked

57^th among 1764 active competitors

Annual Revenue

₹10 - ₹50 Cr as on Mar 31, 2023

Employee Count

2 as on Apr 30, 2026

Similar Companies

Shopify & 2097 more

View Shop's full profile

Shop is associated with 2 legal entities given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
GROWTHPOND TECHNOLOGY PRIVATE LIMITED CIN: U72900MH2019PTC326468 , India, Active	Jun 10, 2019	₹10 - ₹50 Cr (As on Mar 31, 2023)	4 (As on Aug 01, 2025)
DUKAAN RESOURCES PRIVATE LIMITED CIN: U74999DL2011PTC223033 , India, Active	Jul 30, 2011	₹10 - ₹50 Cr (As on Mar 31, 2019)	-

Shop has raised a total funding of $23.9M over 6 rounds. Its first funding round was on Nov 15, 2019. Its latest funding round was a Series A round on Aug 13, 2022 for $*****. 6 investors participated in its latest round. Shop has 59 institutional investors and 49 angel investors.

Here is the list of recent funding rounds of Shop:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Aug 13, 2022	9917594	Series A	6158417	2345483	9263784	6816671
Mar 14, 2022	6542848	Series A	9538796	1644632	6055219	Jayantilal Madhavsi Bhanushali & 32 more
Oct 05, 2021	3500418	Angel	8141225	7053018	Kavit Sutariya	3780065

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View details of Shop's funding rounds and investors

The founders of Shop are Sumit Rajendra Shah and Kaustub Pandey. Sumit Rajendra Shah is the CEO of Shop.

Here are the details of Shop's key team members:

Sumit Rajendra Shah: Co-Founder & CEO of Shop and founder of 2 other companies, Rankz and Risemetric. They are also an angel investor in 1 startup and serve on the board of 1 company.
Contact Info: 2 email addresses and 2 phone numbers
Kaustub Pandey: Former Co-Founder of Shop.

Shop's Board of Directors

Shop's board has 2 active members. Sumit Rajendra Shah and Subhash Chandra Choudhary are part of team.

Here is the list of Shop's board of directors:

Name	Type	Representing	Status	Duration
Sumit Rajendra Shah	Team	-	Current	7y 2m
Subhash Chandra Choudhary	Team	-	Current	7y 2m

View details of Shop's Founder profiles and Board Members

Shop's employee count trend

Shop has 2 employees as of Apr 26. The total employee count is 75.0% lower than what it was in Apr 25. Here is Shop's employee count trend over the years:

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Top competitors of Shop include Shopify, Squarespace and BigCommerce. Here is the list of Top 10 competitors of Shop, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Shopify 2006, Ottawa (Canada), Public	Provider of an all-in-one commerce platform for businesses of all sizes	$122M	Georgian, Insight Partners & 19 others	87/100
2nd	Squarespace 2003, United States, Acquired	Provider of tools for website creation, hosting, and online business	$591M	General Atlantic, T. Rowe Price & 20 others	83/100
3rd	BigCommerce 2009, Austin (United States), Public	Provider of ecommerce platform and related services for online businesses	$233M	Goldman Sachs, Floodgate & 13 others	74/100
4th	ShopUp 2017, Dhaka (Bangladesh), Series B	Retailer of neighborhood shops and clothing	$198M	Valar Ventures, Flourish & 12 others	73/100
5th	aCommerce 2013, Bangkok (Thailand), Series C	Provider of end-to-end e-commerce solutions, encompassing management and business insights	$119M	Emerald Media, Sinar Mas & 17 others	73/100
6th	AnyMind Group 2016, Minato (Japan), Public	Provider of e-commerce, marketing, and manufacturing platforms	$91.7M	Nomura, Mirai Creation Fund & 15 others	72/100
7th	CommerceIQ 2012, Mountain View (United States), Series D	Provider of unified AI platform for retail ecommerce sales and optimization	$196M	Shasta Ventures, Insight Partners & 6 others	71/100
8th	WooCommerce 2008, Cape Town (South Africa), Acquired	Developer of an open-source platform for customizable ecommerce solutions	-	TeamX	69/100
9th	Cart.com 2020, Houston (United States), Series D	Provider of unified commerce and logistics solutions for business growth	$735M	B. Riley Financial, Trinity Capital & 47 others	69/100
10th	etaily 2020, Metro Manila (Philippines), Series A	Provider of software suite solutions for e-commerce businesses	$24M	SKS Capital, Ayala & 17 others	69/100
57th	Shop 2019, Bengaluru (India), Series A	Provider of software tools for building and managing online stores	$23.9M	Lightspeed, Lightspeed Venture Partners ... & 106 others	53/100

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Looking for more details on Shop's competitors? Click here to see the top ones

Founders own 35.35%, Funds (largest shareholder) own 38.87%, Enterprises own 2.84% and Angels own 7.82%. The net worth of Shop's founders is INR 203Cr as of Jan 06, 2023.

Shareholders Name	Post Round Holding %	Net worth	Cumulative Investment	Realised Returns	Unrealised Returns	Return Multiple
Founder	35.35%	203Cr	7221090	5526935	1550611	6268007
Sumit Rajendra Shah	2604929	6404830	8429572	4864851	3368542	1532632
Fund	38.87%	224Cr	1794301	5420687	8704086	8291524
Lightspeed Venture Partners	5720028	1140157	3953889	6860189	2064624	1220718
Venture Catalysts	0	0	0	0	0	0
Enterprise	2.84%	16.4Cr	75	30	69	64
Angel	7.82%	45Cr	9327709	9033040	1903492	9478883
Jayantilal Madhavsi Bhanushali	0	0	0	0	0	0
Anil Sukhwani	0	0	0	0	0	0
Ritesh Malik	0	0	0	0	0	0
ESOP Pool	15.13%	87.1Cr	8974482	6328736	2710469	1870659
Total	100.00%	576Cr	8486407	6363609	9988540	3923094