Newsbytes
  • India
  • Business
  • World
  • Politics
  • Sports
  • Science
  • Entertainment
  • Auto
  • Lifestyle
  • Inspirational
  • Career
  • Bengaluru
  • Delhi
  • Mumbai
  • Videos
  • Find Cricket Statistics
Hindi
More
Newsbytes
Hindi
Newsbytes
User Placeholder

Hi,

Logout


India
Business
World
Politics
Sports
Science
Entertainment
Auto
Lifestyle
Inspirational
Career
Bengaluru
Delhi
Mumbai
Videos
Find Cricket Statistics

More Links
  • Videos

Download Android App

Follow us on
  • Facebook
  • Twitter
  • Linkedin
  • Youtube
 
Home / News / Business News / ShopClues bags a whopping $1 billion valuation
  • Business

    ShopClues bags a whopping $1 billion valuation

    Anupa
    Written by
    Anupa
    Mail
    Last updated on Jan 15, 2016, 05:33 pm
    ShopClues bags a whopping $1 billion valuation
    Credits:
  • E-commerce giant ShopClues raised close to $150 million from Singaporean sovereign-wealth fund GIC Pte Ltd, propelling it into the ranks of the Indian unicorn companies.

    ShopClues' gross merchandise volume has grown over four times since January 2015 and is favoured for its unconventional approach, unlike Flipkart and Amazon.

    This fund-raising move is being viewed as a strategic step towards an IPO in 2017.

  • In this article
    What is ShopClues? How the ShopClues flight took off? The massive growth of ShopClues ShopClues launches an innovative online flea market Company faces hiccups with CEO arrest e-Commerce giant raises $100 million from Tiger Global ShopClues uses CAKE to provide payment solutions ShopClues goes on acquisition spree ShopClues bags a whopping $1 billion valuation
  • Introduction

    What is ShopClues?

    What is ShopClues?
  • ShopClues.com is an online marketplace, which is an Indian subsidiary of the US Corporation named Clues Network Inc.

    It was founded in November 2011 by an alumnus of Washington University and Wall Street internet analyst Sandeep Aggarwal and eBay's former Global Product Head, Sanjay Sethi.

    It was the 35th entrant in the Indian e-commerce space when it entered in 2011.

  • Funding

    How the ShopClues flight took off?

    How the  ShopClues flight took off?
  • ShopClues started with an initial amount of $250,000 from the CEO's savings.

    ShopClues raised a $2 million from angels based in Silicon Valley.

    The third round funding of $10 million came from Helion Venture Partners and Nexus Venture Partners, who believed in the growing scope of Indian online market.

    After Round C funding, the company raised a decent amount to start full operation.

  • Data

    The massive growth of ShopClues

  • ShopClues became one of the fastest growing eCommerce platforms with the gross revenue that multiplied 110 times from Feb 2012 to Feb 2013.

  • 9 Sep 2012

    ShopClues launches an innovative online flea market

    ShopClues launches an innovative online flea market
  • ShopClues launched Sunday Flea Market, which was a unique online marketplace offering products from different merchants/sellers with limited quantity and at very cheap prices.

    It allowed third-party sellers to list those items that were either in less quantity or in odd quantity for which the seller allowed discounts.

    The innovative trend caught on to the buyers because of its wholesale feel and attractive prices.

  • 1 Aug 2013

    Company faces hiccups with CEO arrest

    Company faces hiccups with CEO arrest
    Credits:
  • CEO Sandeep Aggarwal was charged with insider trading offences for providing confidential information of a Microsoft-Yahoo deal from his initial employer in San Francisco.

    Aggarwal was charged with civil offences by the Securities and Exchange Commission and also, faced criminal charges from the U.S. Attorney's Office for the Southern District of New York.

    Aggarwal was later, released from the case on a $500,000 bond.

  • 19 Jan 2015

    e-Commerce giant raises $100 million from Tiger Global

    e-Commerce giant raises $100 million from Tiger Global
  • ShopClues raised $100 million in Series D funding led by Tiger Global; the funding round saw participation from major investors.

    The fresh round of funds, including the initial ones, took the company to a valuation of $350 million.

    ShopClues, which had successfully positioned itself among the small and local merchants, planned to utilise the funds for scaling its technology and marketing its products.

  • 7 Oct 2015

    ShopClues uses CAKE to provide payment solutions

    ShopClues uses CAKE to provide payment solutions
  • ShopClues signed up with CAKE, a digital marketing software division, to launch its e-commerce affiliate program.

    Being India's largest online marketplace connecting buyers and sellers, it would utilise CAKE to manage affiliates, structure payouts and track mobile app conversions for its e-commerce site.

    ShopClues needed a platform to provide real-time comparative performance analysis of all affiliates and CAKE fitted the bill.

  • 8 Dec 2015

    ShopClues goes on acquisition spree

    ShopClues goes on acquisition spree
  • E-commerce giant ShopClues invested $50 million in either buying stakes or investing to acquire up to eight companies to expand its business.

    ShopClues looked to clinch deals in the hyperlocal, ad-tech and internet payment domains by the first quarter of 2016.

    The acquisitions were stock-driven — in which deals were done primarily to access the expertise of the acquired firms' existing employees.

  • 15 Jan 2016

    ShopClues bags a whopping $1 billion valuation

    ShopClues bags a whopping $1 billion valuation
    Credits:
  • E-commerce giant ShopClues raised close to $150 million from Singaporean sovereign-wealth fund GIC Pte Ltd, propelling it into the ranks of the Indian unicorn companies.

    ShopClues' gross merchandise volume has grown over four times since January 2015 and is favoured for its unconventional approach, unlike Flipkart and Amazon.

    This fund-raising move is being viewed as a strategic step towards an IPO in 2017.

Latest News
  • Prince Harry's James Corden interview caused ''disquiet' at Buckingham Palace?
    Prince Harry's James Corden interview caused ''disquiet' at Buckingham Palace?
    Entertainment
  • Samsung Galaxy M31s becomes cheaper; now starts at Rs. 18,500
    Samsung Galaxy M31s becomes cheaper; now starts at Rs. 18,500
    Science
  • 'Baahubali' writer roped in for 'Sita - The Incarnation'
    'Baahubali' writer roped in for 'Sita - The Incarnation'
    Entertainment
  • BS6 Kawasaki Ninja 300's colors and engine details revealed
    BS6 Kawasaki Ninja 300's colors and engine details revealed
    Auto
  • La Liga, Sevilla 0-2 Barcelona: Records broken
    La Liga, Sevilla 0-2 Barcelona: Records broken
    Sports
Trending Topics
Bharti Airtel Mukesh Ambani WhatsApp Reliance Jio OPPO Isha Ambani Gross Domestic Product
Next News Article
Share
Cancel

Want to share it with your friends too?

Facebook Whatsapp Twitter Linkedin
Copied

Love Business news?

Subscribe to stay updated.

Business Thumbnail
India News Business News World News Politics News Sports News Science News Entertainment News Auto News Lifestyle News Inspirational News
Career News Bengaluru News Delhi News Mumbai News Bharti Airtel Mukesh Ambani Indian Premier League Samsung Virat Kohli Rohit Sharma
Cricket News YouTube Hollywood News WhatsApp Bollywood News ISRO Yoga Honda Batman Football News
BMW Vaccine Reliance Jio OPPO Food News, Healthy Recipes Royal Challengers Bangalore Toyota Fashion Tips Farmers Protest Mohammed Bin Salman
Mercedes Europa League Isha Ambani India Vs England Cricket OnePlus Mobiles Android TV Smart TV Marvel Comics Avengers Neha Kakkar
Premier League Big Bang Theory X-Men TATA
About Us Privacy Policy Terms & Conditions Contact Us News Reviews News Archive Topics Archive Find Cricket Statistics
Follow us on
Facebook Twitter Linkedin Youtube
All rights reserved © NewsBytes 2021