The site was developed and launched in Dec 2015 by the standard 9 student anticipating the odd-even vehicle rule implemented by the Delhi govt in Jan this year.
“We are moving towards dividing the country into different cities as opposed to regions for our shipments,” said Radhika Aggarwal, chief business officer at ShopClues.
The guidelines restricting online marketplaces from offering discounts could also have a negative effect on the soaring valuations.
The marketplace has been adding sellers at a quick pace, riding on a $200 million (Rs 1,320 crore) investment to strengthen supply-chain capabilities.
According to experts, the last-mile delivery players are moving towards an equal mix of food deliveries and on-demand in this scenario.
The brand, which is owned by USPL and is known for its celebrity fashion lines, had raised Rs 46 crore from Accel Partners in 2015 for its pan-India expansion.
The logistics arm of baby and mother care product etailer FirstCry was spun off last year into a separate entity to service third party orders.
Viacom 18’s advertising-led VoD platform VOOT and Balaji Telefilm’s subscription-based VoD platform in July will be something to watch out for.
The business-to-business focused company has partnered with Dr Reddy’s, Bajaj Allianz and other partners to service clients and employees.
The marketplace has launched same day delivery across 100 locations in Bangalore. Launched in August 2015, the company as registered 20,000 users in the last six months.
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