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ShopClues.com is an relatively new online marketplace and is headquartered in Gurgaon, India. It was founded by ShopClues.com is an relatively new online marketplace and is headquartered in Gurgaon, India. It was founded by Sandeep Aggarwal and Sanjay Sethi. Shopclues was founded in the Silicon Valley, USA in 2011. ShopClues joined as 35th entrant in the Indian e-commerce in 2011. The company is generating about Rs 100 crores annually as revenue based on its monthly run and they are also targeting about 3.5 percent growth in the January numbers.
The company employees about 700 people across different locations. ShopClues delivers to more than 9500 cities in association with leading courier partners. Their operations are primarily managed by 2 Fulfillment Centres in New Delhi and Mumbai. It has over 12,000 registered merchant retailers with over 2,00,000 products on their online platform to over 42 million visitors each year across 9500 locations in the country. The company has successfully raised close to about $15 million from Helion Venture Partners and Nexus Venture Partners. ShopClues has also raised $100 million in Series C funding which is led by Tiger Global other than the two of its existing investors. This values the company at around $350 million. In January 2013, In January 2012, Shopclues had posted revenue of about Rs 8 crore and handled 1.52 lakh transactions compared to Rs 11 lakh in revenue and 200 transactions. Now, the company is looking at handling about 30 lakh transactions and also is expecting the total visitors to website to cross 10 crores.
Shopclues will launch its first ever advertising campaign in September 2014 and has earmarked Rs 75 crores for it. Shopclues has been awarded as the Best e-Retailer of the Year - Value for Deals\' by at 2nd National Indian e-Retail Awards and also the 2013 Best E-Commerce Site of the Year at Social Media Summit & Awards in 2013, by Global Youth Marketing Forum.