ShopClues
ShopClues is an Indian online marketplace, owned by Clues Network Pvt. Ltd. The company was established in July 2011 by Sanjay Sethi, Sandeep Aggarwal and Radhika Aggarwal. In 2015, ShopClues was valued at US$1.1 billion, with Tiger Global, Helion Ventures, and Nexus Venture Partners as major investors. 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. Background. ShopClues provides unstructured categories of home and kitchen, fashion, electronics and daily utility items. 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. The employee strength as of 2017 is more than 700 people. Mobile application. In 2015, the e-commerce player launched its Android app for sellers, and later added iOS apps. Growth. Acquisition. 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. In 2016 ShopClues acquired the IP of a SaaS platform from Squeakee Media which was founded by Abrar Shaikh in Mumbai, India. In 2019, ShopClues was acquired by Singapore-based Qoo10 with stock valued at US$70 million. Investment. In December 2015, the company invested towards seed funding in HeyBiz, which is a real-time shopping assistant app. Funding. In January 2016, ShopClues raised US$100 million from Tiger Global Management and joined the "Unicorn Club".