ShopClues

ShopClues.com
Type Private
Founded July 2011
Headquarters Gurgaon, India
Area served India
Founder(s)
  • Sandeep Aggarwal
  • Sanjay Sethi
CEO Sanjay Sethi[1]
Industry Internet
Website www.shopclues.com
Alexa rank positive decrease 507 (March 2015)[2]
Type of site E-commerce
(Online shopping)
Available in English
Launched July 2011
Current status Active

ShopClues.com is an online marketplace, headquartered in Gurgaon, India. The company was founded in the Silicon Valley, USA in 2011.[3][4] It has over 12,000 registered merchants[5] retail +2,00,000 products[6] on the platform to over 42 million visitors[7] every year across 9500 locations[8] in the country.

ShopClues joined as 35th entrant in the Indian e-commerce in 2011.[9] The company employees over 350 people[10] across locations.

History

ShopClues is the Indian subsidiary of Clues Network Inc.,[11] a US Corporation and was founded in November 2011 by an alumnus of Washington University and Wall Street internet analyst Sandeep Aggarwal[12] and eBay’s former Global Product Head, Sanjay Sethi.[13]

Funding

In March 2013, ShopClues successfully completed its third round of funding.[14] The company raised close to $10 million (Rs. 54 crores) from Helion Venture Partners[15] and Nexus Venture Partners. Nexus Venture Partners[16] had previously led the Series A investment in the company in Feb 2012. With this round, ShopClues.com has raised over $15 million in capital so far.

ShopClues has other investors like Series B investors Helion and Nexus and a Japanese Internet company. Prior to Series A, ShopClues had raised a round (in Aug. 2011) from angels including from early employees of companies like Google, Netscape and many serial entrepreneurs from Silicon Valley.

ShopClues has raised $100 million (Rs 620 crore) in Series C funding led by Tiger Global besides at least two of its existing investors.This values the company at around $350 million.[17]

Business Results

Shopclues handles about 18 lakh transactions[18] annually and around 42 million visitors a year. The company is already doing Rs 100 crores in annualised revenue based on its monthly run. It is targeting about 3.5 percent growth in the January numbers. The company witnessed growth of 250 percent from January 2012 to January 2013.

In January 2013, Shopclues posted a revenue of about Rs 8 crore and handled 1.52 lakh transactions compared to Rs 11 lakh in revenue and 200 transactions in January 2012. Now, the company is looking at handling about 30 lakh transactions[18] and also expects the total visitors to the website to cross 10 crores . Shopclues will launch its first ever advertising campaign in September 2014 and has earmarked Rs 75 crores for it.[19]

Locations

The company is headquartered in Gurgaon, Haryana and has its registered office in Vadodara, Gujarat in India

It also has an office in Palo Alto, California.

ShopClues delivers to over 9500 cities[20] in association with leading courier partners. ShopClues fulfillment operations are managed by 3 Fulfillment Centres in New Delhi and Mumbai.

Awards & Achievements

References

  1. ↑ Sanjay Sethi Takes Over Sandeep Aggarwal As ShopClues CEO
  2. ↑ "Shopclues.com Site Info". Alexa Internet. Retrieved 31 March 2015.
  3. ↑ (Press Release) Threefold sales increase for ShopClues post 12.12.12
  4. ↑ shopclues-com-rolls-out-official-brand-stores
  5. ↑ ShopClues.com launches Official Brand Stores with close to 200 brands
  6. ↑ Online shopping site ShopClues.com raises $10 mn form Helion Venture Partners, Nexus Venture
  7. ↑ shopclues-eyes-rs-350-cr-revenue-in-2013
  8. ↑ ShopClues.com raises $10 m in third round of funding
  9. ↑ ShopClues.com, the new kid on the block
  10. ↑ Online shopping site ShopClues.com raises $10 mn form Helion Venture Partners, Nexus Venture
  11. ↑ Company Overview of Clues Network (P) Limited
  12. ↑ Nexus Partners, Helion Venture invest Rs 54 crore in ShopClues.com
  13. ↑ Eretail Conference | Ecommerce Conference | Internet Retail Expo - Indian eRetail Show 2013
  14. ↑ Indian e-commerce marketplace ShopClues gets a $10 million injection
  15. ↑ ShopClues Bags Rs. 54 Crores From Helion & Nexus
  16. ↑ ShopClues raises $10 mn
  17. ↑ E-com marketplace ShopClues raises $100M in Series C funding led by Tiger Global
  18. ↑ 18.0 18.1 ShopClues eyes Rs 350 cr revenue in 2013
  19. ↑ http://articles.economictimes.indiatimes.com/2014-07-30/news/52238043_1_brand-campaign-creative-agency-shopclues-com
  20. ↑ More tier III cities like Jhansi, Ranchi going online to shop
  21. ↑ Social Media Summit & Awards & Youth Marketing Forum 2013
  22. ↑ Eretail Conference | Ecommerce Conference | Internet Retail Expo - Indian eRetail Show 2013
  23. ↑ Franchise in India, Franchise Opportunities, Business Opportunities - Franchise India

External links