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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ShopClues investors rally behind Radhika and Sanjay in battle against Sandeep Aggarwal

Sanjay Sethi and Radhika AggarwalShopClues investors have rallied behind the firm’s management led by Radhika Aggarwal and Sanjay Sethi in their showdown with founder and 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 company. The firm’s board has rejected Sandeep’s claims and termed his public […]

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ShopClues co-founder Sandeep Aggarwal accuses wife of stalling his re-entry

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 business officer Radhika Aggarwal, and co-founder and CEO Sanjay Sethi of thwarting his […]

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ShopClues will be the first e-commerce company to become profitable in India: Sanjay Sethi

Sanjay Sethi, CEO, ShopClues.comWhile 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) profitability in the second quarter of next year on the back of higher margins, increasing […]

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

Sanjay Sethi & Radhika Aggarwal, co-founders, ShopCluesShopClues, 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 believes catering to the needs of its sellers will be […]

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How Shopclues aims to build non-ecomm revenues

shopclues_feE-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 betting on micro, small and medium businesses. This […]

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