May 18, 2013

Ecom Marketplace Shopclues raises Rs 54 crore investment from Helion, Nexus in series B

March 15, 2013 By Leave a Comment
Shopclues

Online shopping Marketplace, ShopClues.com has raised INR54 Crore ($10 milllion) from two private equity firms Helion Venture Partners and Nexus Partners, along-with Teruhide Sato and CEO of Netprice.com. Nexus Venture Partners had previously led the Series A investment in Shopclues last year. With this round, Shopclues has raised over $15 million in capital so far. Anup Gupta from Nexus had joined the board last year, which has now been expanded with Sanjeev Aggarwal from Helion. Series B … [Read more...]

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Shopclues registers 22x growth since launch, claims 60% orders from tier 2 cities and < 2% COD returns

March 26, 2012 By Leave a Comment
shopclues logo.png2

ShopClues.com, India’s first managed marketplace has witnessed rapid growth,registering 22X growth in traffic and revenue since its web debut. The company sold items through Facebook for 2 months before making its web debut on January 26th this year. Talking about ShopClues strategy of selling via Facebook before going live on web, SandeepAggarwal, Founder & CEO, ShopClues.com said “Social networks are a great medium to have an engaged audience which further fuels trust, friendship … [Read more...]

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Shopclues.com led by Sandeep Agarwal launches its beta version, hopes to ride high on social media

December 27, 2011 By 1 Comment
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Shopclues.com, a horizontal ecommerce site led by one of the global veterans in internet space, Sandeep Agarwal has launched its beta version. The venture had already raised $2 million in funding from unknown global investors, said to be serial entrepreneurs and employees of some finest internet companies. Shopclues’s core founding team consists of Sanjay Sethi, erstwhile, Global Product Head for Shipping & Logistics, and Payments & Billing at eBay and Mrinal Chatterjee, former VP, … [Read more...]

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