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Posts Tagged ‘ ShopClues.com ’

E-commerce will mirror physical retail market dynamics: ShopClues co-founders

Monday, August 22, 2016 | More »

Sanjay Sethi & Radhika Aggarwal, co-founders, ShopClues
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...

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How women entrepreneurs are smashing the glass ceiling

Eighty rupees was all it took a group of women five decades ago to start a business that is now a household name in India. Not many will be able to recall the names of those seven women but the story of Lijjat papad is perhaps the most outstanding example of women entrepreneurship in India. [&hellip...

27 April, 2016 | More »

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Another Flipkart backer bets on ShopClues as GIC leads Series E round

Horizontal e-commerce marketplace ShopClues has entered the exclusive club of ‘unicorns’, or startups with at least $1 billion valuation, after raising an undisclosed amount in a Series E funding round led by Singapore’s sovereign wealth fund GIC Pvt Ltd. Existing investors including Tiger G...

12 January, 2016 | More »

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ShopClues closed FY15 with $400M annualised GMV run-rate, eyes $1.5B run-rate by Mar’16

The country’s fifth-largest multi-product or horizontal e-com marketplace ShopClues said it closed FY15 clocking gross merchandise value (GMV) run-rate of $400 million (Rs 2,500 crore) last month. The firm is now aiming to almost quadruple it in a year, Radhika Aggarwal, co-founder and chief m...

6 April, 2015 | More »

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We want to focus on and dominate categories without a standard product catalogue: ShopClues

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 | More »

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E-com marketplace ShopClues raises $100M in Series D funding led by Tiger Global

Clues Network Inc, the US-based parent of Clues Network Pvt Ltd that runs the horizontal e-commerce marketplace ShopClues, has raised $100 million (Rs 620 crore) in Series D funding led by Tiger Global besides two of its existing investors, the firm said on Monday. This values the company at around...

19 January, 2015 | More »

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High Court restrains online marketplace ShopClues from selling L’Oreal products over alleged counterfeits by a vendor

The Delhi High Court has restrained an online retailer from using the name of L’oreal to sell or supply any goods on any website or in any other manner on the cosmetics company’s plea alleging counterfeit products having its trademark were being sold by the merchant. Justice G S Sistani ...

21 October, 2014 | More »

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ShopClues.com claims GMV of Rs 350Cr in FY14; 30% of revenues coming from mobile

Online marketplace ShopClues.com has generated gross merchandise volume (GMV) of Rs 350 crore in FY14, according to the company’s co-founder and CEO Sanjay Sethi. The four year old startup further claims of having 55,000 orders on a peak day with an average transaction of Rs 850 per order. “Abou...

17 June, 2014 | More »

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Excl: Just Dial planning an e-commerce marketplace, also looking at online flower sale

Mumbai-based Just Dial Ltd, which runs an India-specific local business listing site Justdial.com and went public early this year, is planning to launch an e-commerce marketplace of its own. To begin with, the company will offer products in popular categories like mobiles and electronics, but will ...

16 October, 2013 | More »

Sanjay-Sethi

ShopClues co-founder Sanjay Sethi takes over as CEO

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 | More »

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