Dukaan, an Indian startup that helps merchants set up online stores , is expanding its platform worldwide as it looks to challenge established players such as Shopify, the startup's founder said.
The Bengaluru-headquartered startup, which counts Lightspeed Venture Partners and 640 Oxford Ventures among its backers, says over 1,000 premium direct-to-consumer brands have already started using the Dukaan platform in the past week to serve their customers.
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In 2021, the company had 61 employees with over 3,500 customers. Today, that has grown to 230 employees and its brand base on Shopify has more than doubled to over 8,500 brands, company CEO Adam Turner told me. It now includes brands like Brooklinen, Homesick, Native, Spikeball and Kopari.
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BRAZIL - 2022/04/22: In this photo illustration, the Shopify logo is seen in the background of a ... [+] silhouetted woman holding a mobile phone. (Photo Illustration by Rafael Henrique/SOPA Images/LightRocket via Getty Images)
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Shares of Shopify Inc. Cl A SHOP, +6.91% advanced 6.91% to C$420.22 Wednesday, in what proved to be an all-around favorable trading session for the Canadian market, with the S&P/TSX Composite Index GSPTSE, +0.32% rising 0.32% to 19,611.56. The stock's rise snapped a four-day losing streak.
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India's Dukaan expands globally to take on Shopify https://t.co/aFo7h6d3Pz by @refsrc TechCrunch (from San Francisco, CA) Wed Jun 15 08:48:10 +0000 2022
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