Content discovery platform Glance which also owns Roposo announced that it is acquiring the full stack e-commerce platform Shop 101. This will allow both Glance and Roposo to launch live e-commerce.
This acquisition will give both Glance and Roposo access to e-commerce technology platforms, supply-chain infrastructure, talent base required to build the platform that relies on celebrities. Glance has more than 125 million daily active users and Shop 101 also could benefit from this large userbase.
Reports say that one of the main reasons for this acquisition is that they could create a one stop platform for shopping and entertainment for their large userbase.
Shop 101 was founded by Abhinav Jain, Aditya Gupta, Kalpak Chhajed in 2015. The company has around 300 professionals backed by Vy Capital, Stellaris Venture Partners, Unilever Ventures and Kalaari Capital. Shop 101 is a full stack e-commerce company.