Social Commerce Startup Shop101 To Be Acquired By Glance
- ByStartupStory | June 14, 2021
Shop101 to be acquired by Glance, the content discovery platform and owner of video-platform Roposo, Glance at an undisclosed value through a combination of cash and equity, Glance made an announcement on Monday regarding the acquisition. On Shop101 to be acquired by Glance will facilitate an ecommerce technology platform, a comprehensive supply chain infrastructure and the talent base required to build the celebrity and influencer driven commerce platform. This will also help with Shop101’s suppliers who can leverage Glance’s 125 million+ daily active users to enhance their businesses.
Piyush Shah, Co-Founder, InMobi Group, and President & COO, Glance, said, regarding the acquisition, “As leaders in the mobile content space, both Glance and Roposo are disrupting the way users create, discover, and consume content, making them the preferred platforms for top celebrities and creators to connect with their audience. With the addition of Shop101, we aim to make these platforms the top shopping destinations for millions of users as well.”
Shop101 to be acquired by Glance is their second acquisition after Roposo. The unicorn startup is backed by investors such as Google and Mithril Capital.
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