Online retailer ShopClues.com has raised over $100 million in a fresh round of funding led by global institutional investors Tiger Global as well as its existing investors Helion Venture Partners and Nexus Venture Partners.
ShopClues CEO and co-founder Sanjay Sethi said that the company has bought 100,000 sellers and 10 million products online until now and plans are afoot to bring 10 million sellers and one billion products on the online domain in the next three years.
“We will continue to build technologies and services to enable and empower retailers to participate in the e-commerce revolution that is happening in India. ShopClues levels the playing fields for SMBs to compete with other organized retailers both in the online and offline space,” added Sethi.
Indian Television Dot Com | Tiger Global infuses $100 million funding in ShopClues
ShopClues CEO and co-founder Sanjay Sethi said that the company has bought 100,000 sellers and 10 million products online until now and plans are afoot to bring 10 million sellers and one billion products on the online domain in the next three years.
“We will continue to build technologies and services to enable and empower retailers to participate in the e-commerce revolution that is happening in India. ShopClues levels the playing fields for SMBs to compete with other organized retailers both in the online and offline space,” added Sethi.
Indian Television Dot Com | Tiger Global infuses $100 million funding in ShopClues