Sheops Secures Investment from Arpatech Ventures at Six Digit Dollar Valuation
2 years ago
Sheops, a peer-to-peer online marketplace for women, has raised an undisclosed amount of investment from Arpatech Technology Ventures, said a statement issued by the company.
Sheops, that was part of the first cohort of technology businesses to graduate out of The Nest i/o, is said to have been valued in six-digits dollars and Arpatech Technology Ventures invested in the company by acquiring non-controlling stakes in Sheops.
The investment deal was signed between Founder and CEO of Sheops, Nadia Patel Gangjee and the Founder of Arpatech, Jamal Khan. Jehan Ara, President of [email protected] and Big Bird of The Nest i/o, was also present at the signing ceremony.
Sheops is a marketplace and online community for women that enables them to buy, sell and make friends online on a secure, women-only platform.
Nadia has been running Sheops as a Facebook Group for around 2 years now, and the group has over 13,000 members and a massive fan following on Facebook. The platform allows women pursuing a business initiative to get recognition and clients while sitting at home and also allows ladies to sell things lying around their home thus turning items lying in their closet into cash.
Sheops is now being launched as a secure online website for women only, which will make it easier for sellers and buyers to connect with the right audience without compromising on their security.
According to Jehan Ara, Big Bird of The Nest i/o where Nadia first got connected to Jamal Khan and got feedback from mentors and industry experts, The Nest i/o is giving an opportunity to emerging entrepreneurs
This is a proud moment for us at The Nest i/o as our startups are getting the recognition and success they truly deserve. We induct only the best tech startups with the most potential and this investment deal between Nadia and Arpatech is a prime example of how far these startups can go when they work hard and are guided by the best mentors and experts in the industry. Nadia is a passionate and hardworking individual who will go far. With this investment she can hire the right people, market her startup adequately and take her venture to the next level.
Arpatech Technology Ventures is home to some of the best e-commerce businesses making waves in the industry, including EatOye! that was later acquired by Foodpanda, Forrun and Tazamart. Under Arpatech and Jamal’s guidance, Sheops is all set to expand and reach out to more women entrepreneurs and home based sellers looking for a secure platform to launch their services.