Social e-commerce start-up KikoTV has raised an undisclosed sum by a pre-Series A funding spherical led by world enterprise capital agency SOSV with participation from Venture Catalysts.
The spherical additionally noticed participation from Neil Bahal, CEO of Negen Capital, and different outstanding angels.
ShivamVarshney, Co-founder and CEO of KIKO TV mentioned: “Our plan is to use the funding to speed up the seller on-boarding process, develop the product, and expand the team”.
KikoTV is a live-streaming social e-commerce platform that permits customers to nearly store, promote and entry leisure. It was based by ShivamVarshney, an alumnus of IIT Bombay, and Alok Chawla, an MBA from NMIMS.
Anil Jain, Co-founder of Venture Catalysts mentioned, “On the back of its unique service offering, KikoTV is poised to disrupt a burgeoning social commerce market whose GMV is currently pegged between $1.5 billion and $2 billion, and is projected to hit a valuation of $16-20 billion in the next five years.
The founding team’s commitment to achieving its short- and long-term goals is commendable and makes us confident in our investment”.
