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{{Orphan|date=April 2021}}

{{short description|Indian commerce company}}
{{EngvarB|date=August 2020}}
{{Use dmy dates|date=August 2020}}
{{Infobox website
| name = ShakeDeal
| logo = ShakeDeal Logo.png
| type = [[E-commerce]]
| founded = {{start date and age|df=y|2016}}
| location = [[Bangalore]]
| founder = Akshay Hegde Akash Hegde Santhosh Reddy
| services = [[Online shopping]]
| key_people = Kris Nair ([[CEO]]) Mahendra Vora ([[Chairman]])
| revenue =
| num_employees = 120
| registration = Required
| language = [[English language|English]]
| commercial = Yes
| area_served = [[India]]
| alexa =
| subsidiaries =
| url = {{URL|https://www.shakedeal.com/}}
| current_status = Active
}}

'''ShakeDeal''' is an Asia-based [[B2B e-commerce]]<ref name="The Hindu BusinessLine-1"/> and supply chain company<ref name="vccircle-1">{{cite news |last1=vccircle.com |title=PE firm Vora Ventures acquires B2B online marketplace ShakeDeal |url=https://www.vccircle.com/pe-firm-vora-ventures-acquires-b2b-online-marketplace-shakedeal/ |accessdate=2018-06-06 |publisher=TEAM VCC |ref=vccircle-1}}</ref> involved in procuring and supplying Safety items, MRO (manufacture, repair, and operating supplies), [[office supplies]], packaging supplies, and corporate gifts.<ref name="ETBrandEquity-2">{{cite news |last1=ETBrandEquity |title=ShakeDeal introduces private labels to plug gaps in the industrial supplies segment |url=https://brandequity.economictimes.indiatimes.com/news/advertising/shakedeal-introduces-private-labels-to-plug-in-the-industrial-supplies-segment/69927569 |accessdate=2019-06-24 |publisher=brandequity.economictimes.indiatimes.com |ref=ETBrandEquity-2}}</ref><ref name="ETBrandEquity-3">{{cite news |last1=ETBrandEquity |title=ShakeDeal adds rewards and recognition solutions to its corporate gifting platform |url=https://brandequity.economictimes.indiatimes.com/news/advertising/shakedeal-adds-rewards-and-recognition-solutions-to-its-corporate-gifting-platform/70585537 |accessdate=2019-08-08 |publisher=brandequity.economictimes.indiatimes.com |ref=ETBrandEquity-3}}</ref><ref name="ETBrandEquity-4">{{cite news |last1=ETBrandEquity |title=B2B e-com player ShakeDeal launches its design and packaging vertical |url=https://brandequity.economictimes.indiatimes.com/news/marketing/b2b-e-com-player-shakedeal-launches-its-design-and-packaging-vertical/72255786 |accessdate=2019-11-27 |publisher=brandequity.economictimes.indiatimes.com |ref=ETBrandEquity-4}}</ref><ref name="Siliconindia-1">{{cite news |last1=Monica Pallavi |title=ShakeDeal Adds Rewards and Recognition Solutions to its Corporate Gifting Platform |url=https://www.siliconindia.com/news/startups/ShakeDeal-Adds-Rewards-and-Recognition-Solutions-to-its-Corporate-Gifting-Platform-nid-209490-cid-19.html |accessdate=2019-08-09 |publisher=Siliconindia |ref=Siliconindia-1}}</ref> The company is headquartered in [[Bangalore]], [[India]] and has 6 fulfillment centers across major cities like [[Bangalore]], [[National Capital Region (India)|Delhi NCR]], and [[Ahmedabad]].<ref name="Indiantelevision.com-1">{{cite news |title=Shakedeal announces its expansion into new geographies |url=https://www.indiantelevision.com/mam/marketing/mam/shakedeal-announces-its-expansion-into-new-geographies-190506 |accessdate=6 May 2019 |publisher=Indiantelevision.com |ref=Indiantelevision.com-1}}</ref> ShakeDeal is operated by Bangalore-based Opcommerce Online Pvt Ltd.

==History==

ShakeDeal was founded in February 2016 by brothers Akshay Hegde<ref name="newindianexpress.com-1"/> and Akash Hegde and their friend Santhosh Reddy.<ref>{{Cite web|url=https://www.prajavani.net/business/commerce-news/shake-deal-finance-699662.html|title='ಬಿಟುಬಿ' ಖರೀದಿಗೆ ಶೇಕ್‌ಡೀಲ್‌|last=ಕೇಶವ ಜಿ. ಝಿಂಗಾಡೆ|website=prajavani.net|language=kn|access-date=2020-01-22}}</ref> Few months after launch, the company expanded its portfolio to cover over 15 categories and over 250 brands. In 2018, it was acquired by [[Cincinnati]] based [[Private Equity]] firm Vora Ventures for an undisclosed sum.<ref name="BW Businessworld-1">{{cite news |last1=BW Businessworld |title=Vora Ventures Acquires ShakeDeal, India's Leading B2B Online Marketplace |url=http://www.businessworld.in/article/Vora-Ventures-Acquires-ShakeDeal-India-s-Leading-B2B-Online-Marketplace-/13-06-2018-151876/ |publisher=businessworld.in |ref=BW Businessworld-1}}</ref><ref name="vccircle-1"/>

In 2019, the company launched its own procure to pay solution for large enterprises.<ref>{{cite news |title=AI & ML: The New Era Market Intelligence Advisor For Procurement |url=http://www.businessworld.in/article/AI-ML-The-New-Era-Market-Intelligence-Advisor-For-Procurement/13-09-2019-176051/ |accessdate=13 September 2019 |publisher=BW Businessworld}}</ref> The same year, it also expanded its footprint to Delhi NCR and Ahmedabad.<ref name="Indiantelevision.com-1"/> By June 2019, ShakeDeal introduced its [[private label]] products to plug gaps in the industrials segment.<ref name="ETBrandEquity-2"/>

In August 2019, it added rewards and recognition to its corporate gifting vertical and<ref name="ETBrandEquity-3"/><ref name="Siliconindia-1"/> in November, launched its own [[Packaging and labeling|packaging]] services vertical.<ref name="ETBrandEquity-4"/>

In March 2020, following the nation-wide [[lockdown]] triggered by the [[COVID-19 pandemic]], the company expanded its health and safety portfolio to include COVID essential products.<ref name="firstpost-1">{{cite news |last1=Sulekha Nair |title=Lockdown impact: With loaders, workers leaving cities, shipment transportation stuck at ports; some firms introduce solutions |url=https://www.firstpost.com/business/lockdown-impact-with-loaders-workers-leaving-cities-shipment-transportation-stuck-at-ports-some-firms-introduce-solutions-8231471.html |accessdate=2020-04-06 |publisher=Firstpost |ref=firstpost-1}}</ref><ref name="Quartz-1">{{cite news |last1=Ananya Bhattacharya |title=Coronavirus is changing the way India's startup employees work in office—and outside it |url=https://qz.com/india/1816412/flipkart-swiggy-ola-hike-helping-staff-work-amid-coronavirus/ |accessdate=2020-03-12 |publisher=Quartz India |ref=Quartz-1}}</ref><ref>{{cite news |last1=Navneel Maji |title=E-Commerce Players Prep Ahead Of Resuming Operations |url=http://www.businessworld.in/article/E-Commerce-Players-Prep-Ahead-Of-Resuming-Operations/17-04-2020-189531/ |accessdate=2020-04-17 |publisher=BW Businessworld}}</ref><ref>{{cite news |last1=Jyotsna Sharma, Navneel Maji |title=Ecommerce companies have notched up extraordinary growth with their innovative solutions to the challenges posed by the pandemic |url=http://www.businessworld.in/article/Propelled-By-The-Pandemic/05-08-2020-305158/ |accessdate=2020-08-05 |publisher=BW Businessworld}}</ref><ref name="newindianexpress.com-1">{{cite news |title=In the lockdown months, PPE as a category was contributing 60-70% to sales; however, that figure has now rationalised to around 30%., Shakedeal MD Akshay said. |url=https://www.newindianexpress.com/business/2020/jul/19/shakedeal-aims-to-grow-at-300-per-cent-this-fiscal-2171872.html |accessdate=19 July 2020 |publisher=newindianexpress.com |ref=newindianexpress.com-1}}</ref>

The company has tied up with over 200 organizations including [[Adani Group|Adani]], Vedanta, [[Saudi Aramco]], [[Tata Consumer Products]], [[Nayara Energy]], [[Bharat Heavy Electricals Limited]], Shell and [[Flipkart]].

==Funding==
ShakeDeal was initially [[Entrepreneurship#Bootstrapping|bootstrapped]] by the founders since its inception in February 2016. It subsequently raised funding from [[angel investor]]s in July 2017.<ref name="vccircle-1"/><ref name="The New Indian Express-1">{{cite news |last1=The New Indian Express |title=Shakedeal aims to grow at 300 per cent this fiscal |url=https://www.newindianexpress.com/business/2020/jul/19/shakedeal-aims-to-grow-at-300-per-cent-this-fiscal-2171872.html |accessdate=2020-07-19 |publisher=newindianexpress.com |ref=The New Indian Express-1}}</ref><ref name="The Hindu BusinessLine-1">{{cite news |last1=The Hindu BusinessLine |title=B2B marketplace Shakedeal claims 600% growth |url=https://www.thehindubusinessline.com/info-tech/b2b-marketplace-shakedeal-claims-600-growth/article27392243.ece |accessdate=2019-05-31 |publisher=thehindubusinessline.com |ref=The Hindu BusinessLine-1}}</ref>

In March 2018, it was acquired by [[United States|US]] based [[Private equity| private equity firm]] Vora Ventures for an undisclosed amount.<ref>{{cite news |last1=Andy Brownfield |title=Cincinnati's Vora Ventures expands overseas with Indian acquisition |url=https://www.bizjournals.com/cincinnati/news/2018/06/05/cincinnatis-vora-ventures-expands-overseas-with.html |accessdate=5 June 2018 |publisher=American City Business Journals}}</ref><ref>{{cite news |last1=Apoorv Anupam |title=Vora Ventures acquires B2B Online Marketplace ShakeDeal |url=https://techstory.in/vora-ventures-acquires-shakedeal-2018/ |accessdate=10 June 2018 |publisher=Techstory.in}}</ref> Vora Ventures has led the [[Series A round|Series A institutional round]] of [[funding]] into ShakeDeal.<ref name="vccircle-1"/><ref name="BW Businessworld-1"/>

==Awards and Recognition==
2017: Technology Hot100 Startups.<ref>{{cite web |last1=Hot100 |title=Hot100 WINNERS 2017 |url=https://www.hot100.technology/winners-2017.php |website=Hot100}}</ref>

2020: Fastest growing Small Business of the Year at the Small Business Awards 2020 organised by Zee News, Economic Times, Entrepreneur India.<ref>{{cite web |last1=Franchise India |title=Small Business Awards |url=https://www.franchiseindia.com/smallbusiness/awards_winner.php |website=Franchise India}}</ref>

2020: E-commerce (B2B) Start-up of the Year at the 10th Edition of the Entrepreneur Awards 2020.<ref>{{cite web |last1=Entrepreneur India |title=Entrepreneur Awards |url=https://www.entrepreneurindia.com/virtual-awards/awards_winner.php |website=Entrepreneur India}}</ref>

==See also==
{{Portal|Internet|Companies}}
* [[List of largest Internet companies]]
* [[B2B e-commerce]]
* [[E-commerce in India]]

==References==
{{reflist}}

==External links==
*[https://www.google.com/search?q=shakedeal&sxsrf=ALeKk028VbMcP-nY3up4qgXc7WNwyDhVRg:1598612494724&source=lnms&tbm=nws&sa=X&ved=2ahUKEwjVn4bP373rAhUezjgGHZLkCXcQ_AUoAXoECBkQAw&cshid=1598612517933062&biw=1366&bih=657 Shakedeal in News]

[[Category:Indian companies established in 2016]]
[[Category:Internet properties established in 2016]]

ShakeDeal - Revision history

imported>BrownHairedGirl: clean up, replaced: → (3), removed stub tag, added orphan tag

imported>BrownHairedGirl: clean up, replaced:
→
(3), removed stub tag, added orphan tag