The e-commerce startup Shopify has raised $100 million on its way to IPO. And it is also offering offline commerce too this year by launching a point-of-sale version of its software for tablets. It is all set to wrest the prize from the likes of Amazon and eBay.
Shopify, the e-commerce giant, has decided to build some hardware as well instead of the usual software. That is why it is going offline instead of along the path of its usual online business. It will be challenging such tough competitors as Amazon and eBay. Its services allow merchants to sell both offline and online.
The company was launched seven years ago and has seen considerable growth ever since. As a Canadian startup with 350 employees, Shopify has invited a range of sellers from small time-businesses to large enterprises. Now that Shopify has shifted from the online clicking to a concrete and glass store application instead, chances are that the merchants who frequent its services will benefit even more than they previously did.
Shopify seems to have made the smooth transition from cyberspace to real time space. This is the key feature that will make it a progressive venture in the future. Within the next few years, it will be entering the public arena.
The fact that it has raised $100 million speaks volumes about its capabilities as a successful business. And it basically wants the merchants to do what they are good at without worrying about any extraneous hassles. Shopify is here to stay. And that is because it fulfills a very fundamental need among those who deal in retail culture.