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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Meet five women entrepreneurs who overcame the odds

For-Enterpreneur-Story_ThinkstockPhotos-4912451372Taking up entrepreneurship is not easy but it is no longer alien to women in India. Many women have made a mark in the startup ecosystem and have shown what it takes to live their dream. Be it in e-commerce, fashion or digital payments, these women are scripting a success story despite social and cultural […]

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ShopClues appoints former Zopper, Reliance execs to lead marketing, HR

Harneet-Singh_feE-commerce firm ShopClues has appointed Zopper executive Harneet Singh as vice president of marketing and Reliance executive Babu Vittal as head of human resources, a statement issued by the firm said. “Both of them come with solid experience in their respective fields and we look forward to the positive impact of their leadership, dynamism and […]

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Flipkart, Snapdeal unlikely to remain key players: Mahesh Murthy

Mahesh-MurthyInvestor Mahesh Murthy is known for not mincing words. The co-founder of Seedfund says several businesses in India have been created with the idea of selling to industry giants, signalling greed of both entrepreneurs and investors. He is also least bothered about the valuation markdowns of some consumer Internet firms, saying it will clear the […]

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Alibaba’s impending entry to alter India’s e-commerce landscape

For-Alibaba-Story_ThinkstockPhotos-592674602Jack Ma-owned Alibaba will soon open its first India office in Mumbai’s posh business district Bandra-Kurla Complex (BKC), according to a report in a business daily last week. For this purpose, it has rented 3,221 sq ft of office space at Rs 275 per sq ft per month, the report added. Even on the human […]

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Flashback 2016: Challenging year for India’s unicorns

flashback-logo_feThe internet and tech unicorns that sprung up in the recent years have inspired the entrepreneurial spirit among the country’s youth. They attracted billions of dollars of foreign capital and triggered the rise of hordes of startups. The good run in terms of expanding customer base, successive rounds of funding at ever-increasing valuation and steady […]

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Alibaba gearing up for India entry, to open office in Mumbai

AlibabaFurther fueling speculations of its imminent entry into the Indian market, Chinese e-commerce major Alibaba Group is establishing its first office in the country in Mumbai. Jack Ma-owned Alibaba is setting up an office at Bandra-Kurla Complex (BKC) in Mumbai, reports Business Standard. The company has rented 3,221 sq ft of office space at Platina […]

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Flipkart, Amazon score closely on e-commerce rankings: RedSeer

Amazon-FlipkartOnline e-commerce giants Amazon India and Flipkart were neck and neck in terms of ranking, with the latter a few points ahead in RedSeer Consulting’s E-tailing Leadership Index (ELI). On overall rankings for October 2016, Flipkart was placed at 97, while Amazon India came in at 94. Amazon India lost out to Flipkart as the […]

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