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Indian online marketplace From Wikipedia, the free encyclopedia
ShopClues is an Indian online marketplace, owned by Clues Network Pvt. Ltd.[2] The company was established in July 2011 by Sanjay Sethi, Sandeep Aggarwal and Radhika Aggarwal.[3][4] In 2015, ShopClues was valued at US$1.1 billion,[5] with Tiger Global, Helion Ventures, and Nexus Venture Partners as major investors.[2] In 2019, the company was acquired by Singapore-based Qoo10 in an all-stock deal valued at approximately US$70 million, representing one of the largest valuation meltdowns for an Indian-based startup.[6]
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Type of site | E-commerce |
|---|---|
| Available in | English |
| Founded | July 2011 |
| Headquarters | Gurgaon, Haryana, India |
| Area served | India |
| Founder(s) | |
| Industry | Internet |
| Services | Online shopping |
| Revenue |  ₹209.46 crore (US$25 million) (2019)[1] |
| URL | www |
| Current status | Active |
ShopClues provides unstructured categories of home and kitchen, fashion, electronics and daily utility items.[7] Around 70% of its Gross Merchandising Value (GMV) is received from Tier – II and Tier – III cities.
In June 2016, the online marketplace reached half a million sellers on its platform, claimed to be the highest in the Indian e-commerce industry.[8] The employee strength as of 2017 is more than 700 people.[9]
In 2015, the e-commerce player launched its Android app for sellers, and later added iOS apps.[10]
In July 2016, ShopClues collaborated with a hybrid e-commerce company, StoreKing to promote its products on the latter's app. In the same year, the company acquired Momoe, a Bangalore-based mobile payments company.[14][15]
In 2016 ShopClues acquired the IP of a SaaS platform from Squeakee Media which was founded by Abrar Shaikh in Mumbai, India.[16]
In 2019, ShopClues was acquired by Singapore-based Qoo10 with stock valued at US$70 million.[6]
In December 2015, the company invested towards seed funding in HeyBiz, which is a real-time shopping assistant app.[17]
In January 2016, ShopClues raised US$100 million from Tiger Global Management and joined the Unicorn Club.[18]
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