Companies / 123Stores

#223
Rank in U.S.
Performance Score:
59 out of 100

123Stores.com Inc. is the U.S. e-commerce division of India-based IntraSoft Technologies Ltd., which also operates a free online greeting card website, 123Greetings.com. In June 2016, Intel Capital, the venture capital arm of chipmaker Intel Corp., exited its eight-year-plus investment in IntraSoft Technologies, selling its remaining 5.3% stake. One of the first generation of early-stage investors in Indian startups, Intel Capital took a 16.3% stake in IntraSoft in December 2007, which shrank after IntraSoft floated an IPO in 2009. Intel Capital held a 12.04% stake in IntraSoft at the end of the third quarter of 2015, and sold an additional 1.6% stake in the fourth quarter of 2015.

Headquarters

1674 Broadway, Suite 403, New York NY 10019

Parent Company

123Stores Inc.

Merchant Type

Web Only

Merchandise Category

Mass Merchant

Website

123Stores.com
Year Launched: 2009

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