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skoolshop.com

Stage

Acquired | Acquired

About Occasion Kommerce

Occasion Kommerce is the operator of SkoolShop.com, a portal that brings together products related to School and Education operating on both, B2B and B2C models.

Occasion Kommerce Headquarter Location

319, Adhyaru Industrial Estate, Sun Mill Compound Opp Phoenix Mills, Lower Parel (W)

Mumbai, 400 013,

India

+919022466888

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Expert Collections containing Occasion Kommerce

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Occasion Kommerce is included in 1 Expert Collection, including E-Commerce.

E

E-Commerce

9,575 items

Latest Occasion Kommerce News

Hopscotch buys school supplies estore SkoolShop. Blume Ventures, angels exit

May 14, 2014

Mumbai-based online baby and kids products store Hopscotch is announcing that it is acquiring of SkoolShop.com, an online store that specializes in school supplies. Hopscotch had entered into a definitive agreement to acquire SkoolShop, which is owned by Mumbai based Occasion Kommerce. The financial details of the transaction have not been disclosed. The acquisition creates an exit for early stage venture capital investor Blume Ventures and a group of angel investors, including Microsoft’s Jaspreet Bindra and Google India managing director Rajan Anandan. “The synergies between the two companies are very high with both targeting a similar consumer base. It’s great to see an asset that a founder created finding value and validation in the space,” Blume Ventures’ Ashish Fafadia said on the exit. SkoolShop, founded in late 2011 by Sumant Kasliwal, Satya Raghavan and Anthony Thottungal, raised an undisclosed amount in an angel round from Bindra and Anandan the same year. Early last year, it raised an undisclosed amount in a seed round led by Blume Ventures. A new set of angels — Sunil Kalra, Srikant Shastri, Vikas Choudhary, Puneet Deora — participated in the round. “Satya (Satya Raghavan) and I were classmates at Harvard Business School. We’re excited by the size and scope of opportunity that the acquisition presents. Hopscotch and Skoolshop were founded to help Indian parent’s access great assortment for their children. We believe bringing our businesses together will help unlock value for both sides,” Hopscotch co-founder Rahul Anand said in a statement. The acquisition will see a part of the SkoolShop team moving to Hopscotch. Co-founder AnushaMahalingam, also a Harvard Business School alumnus, will join the Hopscotch leadership to help lead business development. Hopscotch, founded in 2011 by Anand and Lisa Kennedy, both earlier with Diapers.com, raised $2 million in February from Singapore-based family office LionRock Capital, Skype co-founder Toivo Annus, Diapers.com co-founder Wei Yan and industrialist Adi Godrej’s younger daughter Nisa Godrej. The online store offers consumers a curated selection of merchandise through daily flash sales. Boutiques go live every morning at 9.30 AM and last for a limited time. The selections are hand-picked by in-house buyers. Recent activity in the kids and baby products estore market There’s already been some consolidation in the online school supplies market. Earlier, Delhi based BookAdda acquired KoolSkool , an online store owned by Bangalore company Antariksh Retail, which sells learning and school material for children. Last month, Gurgaon based AllSchoolStuff shuttered operations after it was reportedly unable to raise follow-on funding. In the kids and baby products category, Hopscotch competes with players such as Firstcry and BabyOye. Images credit: Hopscotch, SkoolShop

  • Where is Occasion Kommerce's headquarters?

    Occasion Kommerce's headquarters is located at 319, Adhyaru Industrial Estate, Sun Mill Compound, Mumbai.

  • What is Occasion Kommerce's latest funding round?

    Occasion Kommerce's latest funding round is Acquired.

  • Who are the investors of Occasion Kommerce?

    Investors of Occasion Kommerce include Hopscotch, Blume Ventures, Srikant Sastri, Vikas Choudhury, Puneet Deora and 3 more.

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