ShopIt.com
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ShopIt.com - overview
Established
2012
Location
Vaxjo, Kronobergs Lan, Sweden
Primary Industry
Internet
About
ShopIt. com is an innovative e-commerce platform that specializes in enhancing online retail operations through advanced product content management and automation technologies. Founded in 2012 in Vaxjo, Sweden, ShopIt. com operates as an independent company focusing on AI-driven product content solutions.
The company has undergone no significant pivots in its strategy and has not been reported as a subsidiary. ShopIt. com has raised SEK 6. 7 million in venture funding through three deals, with the most recent deal occurring on January 29, 2019.
Notable investors include ALMI Invest and Softhouse. The company's total funding raised amounts to SEK 6. 7 million. ShopIt.
com offers an AI Product Content Platform that utilizes sophisticated machine learning to optimize e-commerce operations. The platform categorizes products into a comprehensive taxonomy of over 100,000 categories and extracts more than 6,000 unique product attributes from unstructured texts, catering mainly to online retailers across Europe, North America, and Asia. This service enhances product data management and improves customer experiences through effective product discovery and SEO-friendly content. In the most recent fiscal year, ShopIt.
com reported a revenue of SEK 323,676. 9. The company operates on a subscription-based model, allowing retail clients access to its AI Product Content Platform for product categorization and attribute extraction. Revenue is generated primarily through B2B transactions, with clients selecting from tiered subscription packages tailored to their operational needs.
Looking forward, ShopIt. com plans to leverage its recent funding of SEK 6. 7 million to further develop its AI Product Content Platform. The company is focused on launching new features aimed at enhancing product categorization and data enrichment capabilities.
Additionally, ShopIt. com seeks to expand its footprint in emerging markets, targeting regions in Asia and North America by 2025 to broaden its customer base and service offerings.
Current Investors
ALMI Invest, Softhouse
Primary Industry
Internet
Sub Industries
eMarketing/Digital Marketing, Search Engines, Social Networking & Communication Platform, Content Management Software, Sales & Marketing Software
Website
www.shopit.com
Verticals
E-commerce
Total Amount Raised
Subscriber access only
ShopIt.com - timeline of key events
ShopIt.com - financials
| Fiscal Year Ended | Aug 31, 2012 | Aug 31, 2013 | Aug 31, 2014 | Aug 31, 2015 | Aug 31, 2016 | Aug 31, 2017 | Aug 31, 2018 | Aug 31, 2019 | Aug 31, 2020 | Aug 31, 2021 | Aug 31, 2022 | Aug 31, 2023 | Aug 31, 2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | - | 101,348 | 221,154 | 62,367 | 23,178 | 25,893 | - | - | - | 529,348 | - | - | - |
| % Revenue Growth (YoY) | - | - | 118.2% | (71.8%) | (62.8%) | 11.7% | (100.0%) | - | - | - | - | - | - |
| EBITDA (USD) | (15,751) | (1,622,561) | (2,260,405) | (1,495,122) | (1,797,841) | (1,215,627) | (900,773) | (1,421,088) | (1,416,207) | (785,564) | - | - | - |
| Operating Income (USD) | (15,751) | (1,792,667) | (2,452,262) | (1,686,979) | (1,993,401) | (1,419,185) | (933,959) | (1,437,525) | (1,432,644) | (794,597) | - | - | - |
| Operating Margin | - | (1768.8%) | (1108.8%) | (2704.9%) | (8600.4%) | (5481.0%) | - | - | - | (150.1%) | - | - | - |
| % EBITDA Margin | - | (1601.0%) | (1022.1%) | (2397.3%) | (7756.7%) | (4694.8%) | - | - | - | (148.4%) | - | - | - |
| NET Income (USD) | 3,134 | 290 | 705 | 156 | (1,993,401) | (1,692,645) | (1,229,573) | (1,731,502) | (1,685,582) | (1,311,043) | - | - | - |
| % Net Margin | - | 0.3% | 0.3% | 0.3% | (8600.4%) | (6537.1%) | - | - | - | (247.7%) | - | - | - |
ShopIt.com - employee data
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