ShopClues,Droom to invest Rs. 20 Crore in start-ups by December 2017

ShopClues,Droom to invest Rs. 20 Crore in start-ups by December 2017

New Delhi [India], Mar. 29 : India's 'star serial entrepreneur' Sandeep Aggarwal announced plans of investing Rs. 20 Crore in up to 12 start-ups by the end of this year, in the areas of healthcare, tech and retail.

Aggarwal, who is the Founder of ShopClues and Droom, has already invested in seven start-ups across various industry verticals and is looking to further expand his investment portfolio by entering the data science app development arena as well.

Dekoruma, Wydr, Shopsity, Data Guise, Give Club, Duriana and Curo Healthcare have all received funding during the past few months. While Wydr, Shopsity and Curo Healthcare are Indian companies, the rest mostly belong to South East Asian markets and the Silicon Valley.

ShopClues facilitates digitally transferred loans for its merchants

ShopClues facilitates digitally transferred loans for its merchants

New Delhi [India], Nov 14 : Enabling its merchant community to fill the void in cash flows created by the recent demonetization drive, ShopClues has announced facilitation of low-interest working capital (short term) loans on its platform through its Capital Wings initiative.

Digitally-transferred loans can help ShopClues' 5,00,000+ merchants to carry forward their business as usual without letting it be hampered by the limited circulation of paper money in the economy.

The initiative is a part of many such endeavors by ShopClues to assist and support its large and growing merchant community in every way possible.

Indian e-commerce startup Shopclues raises 100 mln dollars in series D round

ShopcluesWashington, Jan 20 : Indian e-commerce company Shopclues has raised 100 million dollars in Series D round led by Tiger Global.

According to Techcrunch, Tiger Global raised a 2.5 billion dollar fund at the end of 2014.

Other existing investors including Helion Venture Partners and Nexus Venture Partners, also participated.

Shopclues was started in 2011 when most e-commerce services in India sold merchandize to consumers using an inventory-led model.

Shopclues claimed they have 1,00,000 sellers who provide over 10 million products. (ANI)

Shopclues expects Rs 1,500 crore merchandise volume in FY15

Sanjay SethiNew Delhi: Buoyed by the robust growth in e-commerce market in India, online marketplace Shopclues expects its gross merchandise value (GMV) to hit Rs 1,500 crore for the current fiscal ending March 2015.

The homegrown e-commerce firm is also aiming to expand its sellers base to a lakh by December this year to reach out to a larger number of online shoppers.

"Ours is a Indian bazaar model, which caters to the daily needs of shoppers at convenient rates and it is witnessing a good traction. We expect our GMV to touch Rs 1,500 crore this fiscal from Rs 350 crore in 2013-14," Shopclues co-founder and CEO Sanjay Sethi said.

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