Shopstar, a local e-commerce site, has received third-round funding from Launch Africa Ventures, ushering in the next stage of its growth strategy.
The cloud-based, proudly South African e-commerce platform enables local businesses to construct their online store and develop their business by providing simple, professional services that allow them to trade economically.
Shopstar was established in 2014. Mike Joubert, a seasoned entrepreneur and investor, began a second round of financing and became its majority shareholder in late 2018, launching its recovery strategy and expanding it for growth.
“What sets Shopstar apart from other e-commerce offerings is that its entire purpose is focused on helping South African entrepreneurs launch and grow their businesses, AND make sales. This sets it apart from the bigger international platforms — we have a passionate belief in making South Africa a better place by growing the South African entrepreneurial ecosystem,” explains Joubert.
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Charles Rapulu Udoh
Charles Rapulu Udoh is a Lagos-based lawyer, who has several years of experience working in Africa’s burgeoning tech startup industry. He has closed multi-million dollar deals bordering on venture capital, private equity, intellectual property (trademark, patent or design, etc.), mergers and acquisitions, in countries such as in the Delaware, New York, UK, Singapore, British Virgin Islands, South Africa, Nigeria etc. He’s also a corporate governance and cross-border data privacy and tax expert.
As an award-winning writer and researcher, he is passionate about telling the African startup story, and is one of the continent’s pioneers in this regard. You can book a session and speak with him using the link: https://insightsbyexperts.com/view_expert/charles-rapulu-udoh