The Venture Codex Logo

The Venture Codex

GlowRoad

Evoma, #88, Borewell Road Opposite Whitefield Post Office, Bengaluru, Karnataka, 560066, India

Overview

GlowRoad operates a social commerce platform that enables stay-at-home mothers and housewives to resell products online via drop-shipping. The company screens manufacturers before adding them to its platform, and sellers choose which items to list and how to market them. GlowRoad reports more than 100,000 resellers, 20,000 suppliers and 300,000 buyers on its platform. The founding team includes Sonal Verma, a physician and former co-founder of HealthcareMagic. GlowRoad was created to digitize neighborhood resellers and move informal reselling businesses online. Its business competes with other reselling platforms such as Meesho. GlowRoad connects manufacturers with resellers and uses dropshipping so resellers can run stores without holding inventory. The platform targets housewives and stay-at-home mothers, letting them market primarily through WhatsApp and Facebook groups. GlowRoad reports about 100,000 registered users, 36,000 active resellers and roughly 1,000 transactions per day. Suppliers list goods at wholesale prices, pay a 500-rupee monthly fee, and resellers set their own margins; opening a store is free while premium features are paid. The company acqui-hired the team behind LocalQueen to help build the product and reseller network. GlowRoad plans to use recent funding to scale its quality-assurance processes, hire for digital marketing and engineering, and improve the supply side.

Total raised
$12M
Funding rounds
2
Latest round
Series B
Latest activity
Apr 2019

Industries

  • E-Commerce
  • Retail
  • Social Shopping
Visit website

Recent funding

  1. Series B

    Apr 2019

    $10M

  2. Series A

    Sep 2017

    $2M

Team