What is Shopclues? Shopclues Review

ShopClues is an Indian online shopping platform founded in 2011. The platform's product categories include electronics, fashion + accessories, clothing, kitchen utensils, health products and household items.

About ShopClues

ShopClues includes functions such as category search, favorites, order tracking, and product reviews. It supports payment methods such as cash on delivery, credit card, debit card, EMI, and online banking.

Shopclues has a wide range of products and the product discounts are the highlights of Shopclues, which have attracted a large number of customers. The company claims to have more than 600,000 retailers and 280 million rupees of products on its platform.

Shopclues’ sales philosophy is different from that of the three major Indian e-commerce platforms, Amazon, Flipkart and Snapdeal. They mainly sell less well-known or even unbranded products, hoping to form differentiated competition, and their employees are distributed in various locations in the country. In addition, Shopclues achieved a good result of 35th place in India’s e-commerce in 2011, and achieved great success as soon as it went online.

In June 2016, the online marketplace reached 500,000 sellers on its platform, which it claims to have the highest number of sellers in the Indian e-commerce industry. As of 2017, it has over 700 employees.

honor

· In 2013, it won the title of “Best E-Retailer of the Year – Transaction Value” at the 2nd Indian E-Retail Awards by Indian Franchise.

In 2013, he was included in the Red Herring Asia Top 100 list.

In 2015, we launched “Commute Commerce” to India through “Ghar Wapsi Campaign” and won 2 silver awards.

In 2015, Business Today magazine named ShopClues the "Coolest Startup of the Year".

In 2016, won the Consumer Insight Award at the CMO Asia Awards.

In 2016, won the Marketing Campaign of the Year Award at the CMO Asia Awards.

Development History

-Founded in 2011 by Sanjay Sethi, Sandeep Aggarwal and Radhika Aggarwal and headquartered in Gurgaon, India.

-In July 2011, ShopClues received US$2 million in seed round financing.

-In 2012, the total number of merchant registrations exceeded 5,000.

-In 2013, Sanjay Sethi was appointed as the new CEO and the team size reached 400 people.

-In 2014, ShopClues launched India’s first wholesale marketplace (TVC).

-In June 2015, ShopClues launched CAPItal Wings, a financing platform, to provide funding for its merchants’ businesses.

-In January 2016, ShopClues raised $100 million from Tiger Global Management and joined the Unicorn Club.

-In 2016, ShopClues had 100 million visits per month. In the same year, ShopClues acquired the Momoe payment platform.

-In May 2016, we joined hands with GoDaddy to assist small and medium-sized entrepreneurs in creating their own e-commerce websites.

-In July 2016, the advertising platform AdZone was launched, where sellers can promote their products with the help of native and customized ads.

-In May 2017, Indian e-commerce unicorn ShopClues raised 500 million rupees (1 rupee ≈ 0.1 yuan) from InnoVen Capital through venture debt. Venture debt is not the most common financing method.

-In August 2018, Shopclues completed a new round of financing of 1.1 billion rupees (about 16 million US dollars), with investors including Singapore sovereign wealth fund GIC Pte Ltd and Unilazer Ventures.