ShopTap Industries is a technology company.
ShopTap Industries has raised $16.7M across 3 funding rounds.
ShopTap Industries has raised $16.7M in total across 3 funding rounds.
ShopTap Industries is a technology company that has operated platforms like TheHunt and focuses on procurement and sales solutions, primarily bridging online-offline commerce gaps and streamlining business purchasing.[1][2][3][4] It builds procurement platforms and sales tools targeting retail outlets, medium to large enterprises, and businesses in sectors like enterprise services and software.[1][2][3] ShopTap solves inefficiencies in procurement processes and connects online sellers with offline buyers, empowering retail with in-store tech while simplifying purchasing for efficiency.[1][2][3] Growth details are limited, but it has raised Series Seed funding and maintains operations across India (with a Bangalore hub) and possibly international ties like Finland for consulting.[3][4][5]
ShopTap Industries emerged in the tech space, notably operating TheHunt, a platform in San Francisco focused on computer, information technology, and software sectors.[4] The company secured Series Seed funding, indicating early investor backing for its initiatives.[4] ShopTap itself traces to 2014, founded as a bootstrapped enterprise services player in India, developing a procurement-as-a-service platform for medium to large-scale operations.[3] Key details on specific founders or pivotal early traction are sparse in available records, but its evolution centers on digital sales and procurement tools, with a technology hub in Bangalore and data capabilities extending to Finland.[5]
ShopTap Industries stands out through these key strengths:
ShopTap Industries rides the hybrid commerce trend, merging online sales platforms with offline retail amid rising e-commerce adoption in emerging markets like India.[1] Timing aligns with post-2014 digital transformation waves, where procurement inefficiencies plague scaling enterprises, amplified by supply chain disruptions and omnichannel demands.[2][3] Market forces favoring it include India's retail digitization boom and global needs for efficient B2B purchasing tools.[1][5] It influences the ecosystem by enabling medium-large businesses to adopt tech-driven procurement, fostering resilience in enterprise services and contributing to software innovations like TheHunt.[3][4]
ShopTap Industries is poised to expand its procurement and sales platforms amid accelerating digital retail shifts, potentially scaling its Bangalore-Finland model for global B2B efficiency.[5] Trends like AI-enhanced supply chains and omnichannel retail will shape its path, boosting demand for its bridging solutions.[1][2] Its influence may evolve toward deeper enterprise integrations, leveraging seed funding momentum to capture more market share in India's tech ecosystem—reinforcing its role as a resilient connector in fragmented commerce landscapes.[3][4]
ShopTap Industries has raised $16.7M in total across 3 funding rounds.
ShopTap Industries's investors include AngelPad, Bling Capital, Javelin Venture Partners, NOMO Ventures, Aayush Phumbhra, AgFunder, Album VC, Bessemer Venture Partners, Khosla Ventures, M34 Capital, Sound Ventures, Eric Ries.
ShopTap Industries has raised $16.7M across 3 funding rounds. Most recently, it raised $10.0M Series B in April 2014.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Apr 1, 2014 | $10.0M Series B | AngelPad, Bling Capital, Javelin Venture Partners, NOMO Ventures, Aayush Phumbhra | |
| Nov 1, 2013 | $6.0M Series A | AgFunder, Album VC, AngelPad, Bessemer Venture Partners, Javelin Venture Partners, Khosla Ventures, M34 Capital, NOMO Ventures, Sound Ventures, Eric Ries, Mark Goines, Shervin Pishevar, Troy Carter | |
| Apr 1, 2013 | $700K Seed | AgFunder, Album VC, Bessemer Venture Partners, Khosla Ventures, M34 Capital, Sound Ventures, Eric Ries, Mark Goines, Shervin Pishevar, Troy Carter |