About ShopClues
ShopClues is a company based in Gurugram (India) founded in 2011 by Sandeep Aggarwal and Radhika Aggarwal was acquired by Qoo10 in October 2019.. ShopClues has raised $248.9 million across 11 funding rounds from investors including Qoo10, Nexus Venture Partners and Beenos. The company has 192 employees as of April 06, 2024. ShopClues has completed 1 acquisition, including Momoe. ShopClues offers products and services including Mobile Phones, Fashion Items, Home Appliances, and Electronics Gadgets. ShopClues operates in a competitive market with competitors including Flipkart, Myntra, Nykaa, Amazon and Snapdeal, among others.
- Headquarter Gurugram, India
- Employees 192 as on 06 Apr, 2024
- Founders Sandeep Aggarwal, Radhika Aggarwal
- Stage Unicorn
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Sectors
Retail
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Clues Network Private Limited
- Date of Incorporation 05 Mar, 2011
- Jurisdiction Gurugram, Haryana, India
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Annual Revenue
$3.32 M (USD)-55.13as on Mar 31, 2023
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Net Profit
$-4.2 M (USD)30.53as on Mar 31, 2023
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EBITDA
$-4.01 M (USD)27.26as on Mar 31, 2023
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Total Equity Funding
$248.9 M (USD)
in 11 rounds
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Latest Funding Round
$16.65 M (USD), Series E
Aug 10, 2018
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Investors
Qoo10
& 9 more
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Employee Count
192
as on Apr 06, 2024
- Investments & Acquisitions
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Acquired by
Qoo10
(Oct 31, 2019)
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Products & Services of ShopClues
ShopClues offers a comprehensive portfolio of products and services, including Mobile Phones, Fashion Items, Home Appliances, and Electronics Gadgets. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Platform for buying smartphones and accessories online
Online selection of clothing and accessories for men and women
Range of appliances like refrigerators and kitchen tools
Shopping for laptops, headphones, and other tech devices
Funding Insights of ShopClues
ShopClues has successfully raised a total of $248.9M across 11 strategic funding rounds. The most recent funding activity was a Series E round of $16.65 million completed in August 2018. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 11
- Last Round Series E — $16.7M
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First Round
First Round
(01 Jun 2011)
- Investors Count 9
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2018 | Amount | Series E - ShopClues | Valuation | GIC , Unilazer Ventures | |
| Feb, 2018 | Amount | Series E - ShopClues | Valuation | Unilazer Ventures |
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| Jun, 2017 | Amount | Series E - ShopClues | Valuation | Brand Capital |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in ShopClues
ShopClues has secured backing from 10 investors, including venture fund investors. Prominent investors backing the company include Qoo10, Nexus Venture Partners and Beenos. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Venture capital firm that partners with entrepreneurs for product-first companies.
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Founded Year | Domain | Location | |
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Venture and private equity investments are managed with global diversification.
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Founded Year | Domain | Location | |
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Sovereign wealth is managed and private equity investments are facilitated.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by ShopClues
ShopClues has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Momoe. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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App-based digital wallet platform for consumer payments
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2014 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
|
2017 | ||||
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Bionic investment advisor platform
|
2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 |
Financial Statements - ShopClues
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Shopclues Comparisons
Competitors of ShopClues
ShopClues operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Flipkart, Myntra, Nykaa, Amazon and Snapdeal, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multi-category consumer products are offered via an online marketplace platform.
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| domain | founded_year | HQ Location |
Fashion and lifestyle products are offered via an online marketplace.
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| domain | founded_year | HQ Location |
Cosmetics, skincare, haircare, and wellness products are retailed online.
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| domain | founded_year | HQ Location |
Multi-category products are offered through an online marketplace.
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| domain | founded_year | HQ Location |
Discounted products across multiple categories are sold online.
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| domain | founded_year | HQ Location |
Online marketplace platform offering multi-category consumer products
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Shopclues
Frequently Asked Questions about ShopClues
When was ShopClues founded?
ShopClues was founded in 2011.
Where is ShopClues located?
ShopClues is headquartered in Gurugram, India. It is registered at Gurugram, Haryana, India.
Is ShopClues a funded company?
ShopClues is a funded company, having raised a total of $248.9M across 11 funding rounds to date.
How many employees does ShopClues have?
As of Apr 06, 2024, the latest employee count at ShopClues is 192.
What is the annual revenue of ShopClues?
Annual revenue of ShopClues is $3.32M as on Mar 31, 2023.
What does ShopClues do?
ShopClues was established in 2011 and is headquartered in Gurugram, India. An online marketplace is operated, featuring a diverse catalog that encompasses electronics, apparel, home and kitchen items, sports goods, watches, and essentials. Accessibility is provided through a mobile application compatible with Android and iOS devices. The platform serves consumers across various sectors in the e-commerce domain.
Who are the top competitors of ShopClues?
What products or services does ShopClues offer?
ShopClues offers Mobile Phones, Fashion Items, Home Appliances, and Electronics Gadgets.
How many acquisitions has ShopClues made?
ShopClues has made 1 acquisition, including Momoe.
Who are ShopClues's investors?
ShopClues has 10 investors. Key investors include Qoo10, Nexus Venture Partners, Beenos, Unilazer Ventures, and InnoVen Capital.
What is ShopClues's valuation?
The valuation of ShopClues is $1.1B as of Jan 2016.