Sign up for The Paypers newsletter Follow The Paypers on LinkedIn Follow The Paypers on Twitter Follow The Paypers on Facebook Follow The Paypers on Google +
The Paypers, paypers, Insight in payments, News, Reports, Events
 advertisement
Ecommerce

Ecommerce startup shopX raises USD 35 mln

Wednesday 8 August 2018 | 12:36 PM CET

The assisted ecommerce startup ShopX, run by 10I Commerce Services, has raised USD 35 mln funding from Fung Strategic Holdings with a view to fuel its expansion plans.

ShopX is a technology-led startup launched which aims to disrupt the traditional retail ecosystem through a differentiated approach. The ecommerce company connects brands and suppliers with small merchants and consumers through a digitally managed retail platform. 

The startup also enables small merchants (and their customers) to purchase various products and services from manufacturers/brands. With the funding, the company plans to improve its product and technology and build new offerings covering multiple product verticals.

The ShopX retail app enables retailers to offer their products and services to customers by listing them, along with daily deals, on its platform.

The Fung Group operates across the global supply chain for consumer goods, including in areas such as sourcing, logistics, distribution, and retail.

More: Link
 advertisement
 advertisement
 advertisement
 advertisement