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.
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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.
Startups help laid off employees start afresh
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Snapdeal, Shopclues, others form lobby group
The founding members also include digital-first fashion brands like Bewakoof, Breya and Rustorange.
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India's unicorn club has increased from just about nine companies at the start of 2018 to close to 30 now, collectively valued at about $100 billion, according to an Iron Pillar report.
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 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.
L’Oréal India wins judgement on counterfeits against Shopclues
The court observed that e-commerce websites and online marketplaces have to operate with caution if they wish to enjoy the immunity provided to intermediaries, said L’Oréal India in a statement.
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.
Smaller ecommerce players like Snapdeal, ShopClues back February 1 deadline
This is the first time smaller online retailers have voiced their concerns to the government after last month’s review of norms on issues such as inventory and price control.
Shopclues on road to profitability: Sanjay Sethi, CEO
In a blog post on Thursday, the company also mentioned that it expects to reach breakeven during this holiday season.
Spirit of law blatantly violated by top ecommerce companies, says ShopClues CEO
Even though the clarification on foreign direct investment policy is welcome, our failure to enforce the law of the land allowed these companies to become disproportionately large at the expense of the customer and sellers.
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