Launched during the COVID-19 pandemic, after the Indian government’s ban on Chinese apps, Kiko Tv has secured undisclosed seed investment from 9Unicorns and angel investors including Vinayak Srivastava, Saket Dandotia, Sunil Kumar Singhvi, and Srinivas Kotta.
Shivam Varshney, Founder, KIKO TV, said on the investment, “We believe 9Unicorns and Dr. Apoorva Ranjan Sharma are ideal investors and mentors for the long journey ahead for KIKO TV. We are very excited and enthusiastic about this partnership. KIKO will be using the funds for building and improving our technology and expanding our customer base.”
Apoorva Ranjan Sharma, cofounder and managing director, 9Unicorns said “Social platforms today have turned into quick and convenient distribution channels for businesses. This new-age trend of social commerce is transforming the retail and e-commerce sector by influencing customers’ purchase decisions and habits. Kiko TV has great opportunity in this emerging market and the potential to reshape India’s e-commerce landscape for the better.”
Founded in 2020 by IIT Bombay alumni Shivam Varshney and Alok Chawla, KIKO TV is an influencer-led video and live shopping platform that claims to allow users to earn coins while being entertained and use the coins for shopping instantly.
-AK
Arya has been a part of the Content & Research Team at Hrnxt.com. She is a keen observer of economic developments, emerging businesses, people in business and keeps a tab on latest happenings in the business environment.