Mountain View, Calif. – ShopSocially, a site that allows
friends to exchange shopping recommendations, has raised a new $1.1 million
funding round led by Valhalla Partners.
Angel investors Raman Khanna, Ashish
Gupta and Dharmesh Thakker also participated in the company’s first round.
Launched
earlier this year, Mountain View, Calif.-based ShopSocially currently boasts
more than 10,000 product recommendations.
"While online buying is very
easy now, online shopping remains a frustrating experience," said
co-founder and CEO Jai Rawat.
"ShopSocially allows you to participate in a
shopping conversation with your friends making it easy, fun and of course,
trusted."
Kiran Hebbar, a partner at Valhalla, said the company operates "at
the confluence of e-commerce and social marketing, both being multi-billion
dollar markets."
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