India-based e-commerce startup Shop101 announced that it has scored $11 million in Series B funding.
Led by Kalaari Capital and Unilever Ventures, an investment arm of UK-based consumer goods company Unilever, the round also included existing investors; Stellaris Venture Partners, Vy Capital and Livespace.
The net proceeds will be used by Shop101 to strengthen its core leadership and product team, scale the supplier network and enhance the technology platform.
On July 11, 2018, Shop101 closed $5 million in funding round.