OhoShop mCommerce Pvt. Ltd.
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OhoShop mCommerce Pvt. Ltd. - overview
Established
2015
Location
Ahmedabad, Gujarat, India
Primary Industry
Software
About
OhoShop mCommerce Pvt. Ltd. is an innovative e-commerce platform that streamlines online retail experiences for consumers and businesses, facilitating seamless transactions across a diverse range of products in the Indian market. OhoShop mCommerce Pvt.
Ltd. was founded in 2015 in Ahmedabad, India, focusing on providing a comprehensive e-commerce solution. The company has not undergone significant pivots or changes in business strategy. Founded by Nidhi Agrawal and Rakesh Jain, OhoShop has successfully raised a total of INR 67 million in Seed funding, led by Brand Capital on March 2, 2017, which is the only known investment to date.
The platform, ohoshop. in, offers a wide array of digital retail solutions aimed at enhancing the shopping experience. Its primary offering is an e-commerce platform that enables consumers to browse, compare, and purchase a variety of products. The platform caters to personal, gift, and bulk shopping needs, serving individual consumers and small to medium-sized enterprises (SMEs).
Features such as intuitive navigation and secure payment gateways ensure a smooth user experience, primarily targeting urban markets in India, particularly where e-commerce is rapidly growing. In the most recent financial year of 2022, OhoShop mCommerce Pvt. Ltd. reported a revenue of INR 12,476.
4 million and an EBITDA of INR -17,958. 8 million. The company generates income through direct-to-consumer sales, charging commissions on transactions, and maintains partnerships with various retailers to expand its market reach. Looking ahead, OhoShop mCommerce Pvt.
Ltd. intends to leverage its recent Seed funding of INR 67 million to enhance its platform capabilities and expand its product offerings. The company is exploring new product lines and features aimed at improving customer engagement, with potential launches slated for late 2023. Additionally, there are plans to extend their services into other Indian metropolitan areas by mid-2024, capitalizing on the growing demand for e-commerce solutions in these regions.
Current Investors
Brand Capital
Primary Industry
Software
Sub Industries
Web Development, Software
Website
www.ohoshop.in
Verticals
E-commerce
Company Stage
Angel & Seed
Total Amount Raised
Subscriber access only
OhoShop mCommerce Pvt. Ltd. - timeline of key events
OhoShop mCommerce Pvt. Ltd. - financials
| Fiscal Year Ended | Mar 31, 2017 | Mar 31, 2018 | Mar 31, 2019 | Mar 31, 2020 | Mar 31, 2021 | Mar 31, 2022 |
|---|---|---|---|---|---|---|
| Revenue (USD) | 1,833,275 | 4,444,076 | - | - | - | - |
| % Revenue Growth (YoY) | - | 142.4% | - | - | - | - |
| EBITDA (USD) | (3,427,546) | (742,726) | - | - | - | - |
| Operating Income (USD) | (3,455,965) | (755,289) | - | - | - | - |
| Operating Margin | (188.5%) | (17.0%) | - | - | - | - |
| % EBITDA Margin | (187.0%) | (16.7%) | - | - | - | - |
| NET Income (USD) | (3,476,914) | (867,043) | - | - | - | - |
| % Net Margin | (189.7%) | (19.5%) | - | - | - | - |
OhoShop mCommerce Pvt. Ltd. - employee data
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