Social e-commerce startup KikoTV has raised an undisclosed sum through a pre-Series A funding round led by global venture capital firm SOSV with participation from Venture Catalysts.
The tour also saw the participation of Neil Bahal, CEO of Negen Capital, and other leading angels.
ShivamVarshney, Co-Founder and CEO of KIKO TV, said, “Our plan is to use the funding to accelerate the vendor onboarding process, develop the product and expand the team.”
KikoTV is a live streaming social e-commerce platform that allows users to virtually buy, sell and access entertainment. It was founded by ShivamVarshney, an IIT Bombay alumnus, and Alok Chawla, an MBA from NMIMS.
Venture Catalysts Co-Founder Anil Jain said, “With its unique service offering, KikoTV is poised to disrupt a growing social commerce market with a current GMV of $ 1.5 billion to $ 2 billion. , and should reach a valuation. $ 16 billion to $ 20 billion over 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 ”.