Singapore-based e-commerce platform Qoo10 acquires ShopClues in all-stock deal
The transaction is believed to have valued ShopClues at $70-$100 million, it was valued at $1.1 billion in late 2015.
ShopClues lays off 200 people to cut costs
ShopClues posted losses of Rs 2.08 billion (Rs 208 crore) for the year ended March 2018.
Snapdeal inches closer to acquiring ShopClues
ShopClues shareholders may get 10% in the combined entity if all-stock deal goes through.
ShopClues opens ‘International Store’ on its platform
ShopClues has launched an ‘International Store’ on its platform and has partnered with international aggregators to offer apparels, mobile accessories and home décor.
Nysaa hires former ShopClues, V-Mart CFO to head group finance
Carpediem Capital-backed Nysaa Retail has bolstered its top deck as the value retail chain starts preparing for an initial public offering.
ShopClues revenue up 46% to Rs 273 crore
The company had seen a flat growth last fiscal with total revenue rising only by 5% to Rs 188 crore in FY17.
ShopClues trims losses to Rs 208 crore
The company, which is registered as Clues Network, had registered a loss (after tax) of Rs 347 crore in 2016-17.
ShopClues’ 1st offline store to open in Lucknow next month
Shopclues to showcase private labels as well as products across segments
ShopClues fires 50 employees across multiple functions
The firm’s employee strength is believed to be between 1,150-1,200. The development was first reported by an anonymous Twitter handle @Corporatekumar.
eBay in talks with etailers, including ShopClues, for a fresh bid in India
eBay, however, maintains that it is looking at a relaunch in India for the cross-border trade play while declining to comment on strategic options.
ShopClues launches its home label
Home Berry will be part of website's home décor and furnishing space for tier 3 and 4 cities
Swedish investor lowers Quikr valuation by 45%
The fall in valuation comes as the Bengaluru-based online classifieds and transactions marketplace discovered fraud in its co-living and auto segment, where employees along with vendors faked transactions.
Tier-II ecommerce faces existential crisis: Expiry date near, small etailers clutch at straws
Companies shutting shop, pivoting their business models or opting for outright sale.
Fight gets messy. ShopClues founders trade legal charges
The FIR has been lodged for the alleged offences of criminal conspiracy, breach of trust, forgery and cheating under the Indian Penal Code.
ShopClues draws first blood in e-commerce battle with Snapdeal
“They spent over $2 billion trying to be Flipkart and now they are spending half a billion dollars trying to be like ShopClues. We will have to see where they land up,“ Radhika Aggarwal said.