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Announced

Google-backed Glance to acquire Shop101.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Pending

Single Bidder

India

Majority

E-commerce

Acquisition

Friendly

Cross Border

reselling app

Private

Synopsis

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Google-backed Glance, a lock screen-based content discovery platform and owner of video platform, agreed to acquire Shop101, a full stack e-commerce platform. Financial terms were not disclosed. “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. With Shop101’s technology, partners and hugely talented team, we are in a great position to create this new form of mobile commerce at a global scale,” Piyush Shah, Glance President & COO.

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