Posts Tagged ‘ Sanjay Sethi ’
Tuesday, March 21, 2017
Clues Network Pvt. Ltd, which runs e-commerce company ShopClues, is looking to raise $75-100 million (Rs 490-652 crore) in fresh funding even as it begins discussions with merchant banks for an initial public offering (IPO), a financial daily reported on Tuesday. The transaction is expected to be a ...
ShopClues investors have rallied behind the firm’s management led by Radhika Aggarwal and Sanjay Sethi in their showdown with founder and former CEO Sandeep Aggarwal—the estranged husband of Radhika—who went public about their marital discord and accused her of stalling his re-entry into the c...
14 March, 2017 |
Marital discord, it seems, has engulfed another Indian unicorn. This time around, Tiger Global-backed e-commerce marketplace ShopClues’ co-founder and former CEO Sandeep Aggarwal, who stepped down after his arrest in the US for insider trading, has accused his wife, co-founder and chief busine...
13 March, 2017 |
While the Diwali season turned into a battle between Amazon, Snapdeal and Flipkart; ShopClues, run by Clues Network Pvt. Ltd., has been quietly chasing profitability. The Gurgaon-based firm is confident of registering EBIDTA (Earnings before Interest, Taxes, Depreciation and Amortization) profitabil...
24 October, 2016 |
Gurgaon-based e-commerce firm ShopClues has acquired two startups to enhance support for merchants on its marketplace platform, according to one person familiar with the development. The acquisitions were made in the second quarter of this year, the person told Techcircle. “One startup has been ac...
17 October, 2016 |
ShopClues, an ecommerce marketplace that focuses on non-metro markets, has so far raised around $200 million and half of that amount is still in the bank. The company has plans to expand organically through one or two double-digit million buyouts and smaller technology acquisitions. ShopClues believ...
22 August, 2016 |
E-commerce firm focusing on non-metro markets Shopclues is building a slew of services targeting half a million merchants, mostly micro and small businesses, who sell on its marketplace as it targets one-third of its revenues from outside sale transactions on the website in 18-24 months. “We are b...
29 July, 2016 |
ShopClues.com is a horizontal e-commerce marketplace and one of a few which have managed to survive even as the market consolidated among the heavily funded peers Flipkart, Snapdeal and Amazon. Clues Network Inc, the US-based parent of Clues Network Pvt Ltd that runs ShopClues, has just raised $100...
19 January, 2015 |
When we started ShopClues.com two years ago – ‘MarketPlace’ was a concept and term we had to really sell to both our investor and customer base. Inventory-led models dominated Indian ecommerce and there were many, many ardent supporters who truly believed that was the only model that could sur...
13 February, 2014 |
Sanjay Sethi, co-founder of Gurgaon-based Clues Network that runs online marketplace ShopClues.com, has stepped in as the new CEO after his predecessor Sandeep Aggarwal (also co-founder) was arrested by The Federal Bureau of Investigation (FBI) earlier this year. Aggarwal was arrested on insider tra...
15 October, 2013 |