ShopClues looks to raise $75-100 mn in pre-IPO round

ShopCluesClues 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 mix of primary and secondary components, The […]

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Exclusive: ShopClues acquires two startups to build seller support

acquireGurgaon-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 acquired and integrated, while the other is more of an acqui-hire,” […]

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Demand from tier I, II cities boost ShopClues’ sales

Shopclues3Gurgaon-based e-commerce firm ShopClues says it has witnessed a five-fold growth in its business within the first two days of the Diwali Sale on the back of 50% higher demand from tier II and tier III cities compared to tier I cities. With the conclusion of the festive sale, tier III transactional share figures now […]

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ShopClues buys Bangalore-based startup Momoe to build payments biz

MomoeOnline shopping marketplace ShopClues has acquired Bangalore-based Momoe Technologies Pvt. Ltd, as it looks to build a payments business and better compete with bigger rivals including Flipkart and Amazon. The Gurgaon-based e-commerce company didn’t disclose the financial terms of the part-cash, part-stock transaction. The e-tailer said in a statement it will use Momoe’s technology to […]

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

Shopclues3Horizontal e-commerce marketplace ShopClues has raised Series E funding to the tune of about $100 million (Rs 670 crore) in a round led by sovereign wealth fund GIC Pvt Ltd. Shopclues’ existing investors Tiger Global Management and Nexus Venture Partners also participated in this round, valuing the e-commerce venture at about $1.1 billion (Rs 6,700 crore), it […]

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ShopClues invests in chat app HeyBiz

Horizontal e-commerce marketplace ShopClues has invested an undisclosed amount in mobile app HeyBiz, which enables real-time chat between companies and their target audience. Delhi-based Techlites Solution Pvt. Ltd, which runs the app, will utilise the money for product development and expanding into newer geographies such as Chandigarh, Amritsar, Ludhiana, Lucknow and Jaipur. “With the capital infusion, we are […]

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Mobile-based wholesale marketplace Wydr raises angel funding

Wydr, a mobile wholesale marketplace run by AYN Network Pvt Ltd, has raised an undisclosed amount in an angel investment from entrepreneur and early stage investor Sandeep Aggarwal, co-founder of online marketplace ShopClues and Droom, according to a press release. Wydr was founded by Devesh Rai, a founding team member of ShopClues in July this […]

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Shopsity raises seed funding from founders of ShopClues & Beenos

Shopsity Tech Pvt Ltd, a company that provides information on fashion products being sold by physical stores in the users’ vicinity through an app, has raised an undisclosed amount in seed funding from Sandeep Aggarwal, founder and former CEO of ShopClues, and Teruhide Sato, founder of Netprice (now Beenos), the company said on Thursday. Founded by […]

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