Venture Capital: $32 Million for Like.com, $2.5 Million for Shopit.com

Two notable finance rounds for innovative e-commerce startups have been announced last week.
The visual shopping machine Like.com and its straight talking founder Munjal Shah have nabbed $32 million in startup capital this summer.

• The beginning of the year saw Munjal Shah and ThisNext founder Gordon Gould in a tit-for-tat on the sensibility of “social” elements in e-commerce.

• Prior to that he wrote in his CEO blog how Like.com evolved from Riya, it’s increasing specialization and its current focus on shopping solutions for the female target group.

• Like.com, along with Polyvore and Zazzle, in our opinion make up the top 3 of Silicon Valley e-commerce startups.

• Most recently it’s possible to upload photos from your own collection and find matching products for them.

Fresh capital was also available for Shopit.com, a social shopping solution for Facebook and Co.  The team scored $2.5 million. More on the current activities from Shopit.com also to be found in their blog.

Originally posted in German by Jochen Krisch, translated by Jason Soo.