Kiko Live, a video-based social commerce firm, has received $1 million in pre-Series A funding. SOSV, a global VC company that led the round, GSF Accelerator, and Venture Catalysts, India’s biggest angel network, all participated in the round.
Kiko Live is a video shopping and selling platform that allows local sellers to build an online store in under two minutes. It was founded by Shivam, an IIT Bombay alumnus, and Alok Chawla, an MBA from NMIMS.
Speaking about the funding, Shivam Varshney, Co-founder and CEO – KIKO Live, said, “We are delighted to be a part of the GSF Accelerator portfolio. The funding will be used to scale up technology and marketing, and onboard live sellers on the platform.”
Rajesh Sawhney, of GSF Accelerator, said, “Kiko Live solves the online selling problem of millions of small retailers, which is nearly a $1 trillion business in India. We believe their solution is simple and easy to adopt by sellers, and being early movers in this space gives them a great advantage”.