Headquartered in Gurgaon, India, ShopClues.com is an online retail and market place.
Image: company logo
The ecommerce website was founded by Sandeep Aggarwal and Sanjay Sethi in the Silicon Valley in California, and the company is currently headed by Sanjay Sethi as the Chief Executive Officer. ShopClues entered the Indian ecommerce space in 2011.
Since then it has come a long way with over 12000 merchants, 2 lakhs plus retail products clocking about 42 million website visitors across 9500 places all over India and selling 0.4 billion dollars in gross merchandise value. Approximately 700 people form the workforce of ShopClues.
The company’s strategy has been to keep the customers trust and passionately believe in keeping that on top of everything else. Great selection of products, no anxiety shipping, low prices, reliable and outstanding customer service and buyer protection separates ShopClues from a host of other ecommerce companies. Another feature that has differentiated ShopClues from other ecommerce companies is the flea market strategy. The strategy of a flea market on Sunday where the prices of products are as low as Rs 15 has helped ShopClues to receive over 1.5 lakhs orders on a single day with an average selling price of Rs 800. Huge discounts with no compromise on quality and the merchant’s willingness to clear off his/her stock at a discounted rate is the business idea behind the concept of a flea market. Several other ecommerce companies have come to adopt this concept recently.
ShopClues is currently valued at more than 1.1 billion dollars. With multiple rounds of funding, ShopClues has raised sufficient funds from different investors. ShopClues has investors like Tiger Global, Nexus, Helion, GIC, angle investors from early Netscape and Google employees and some Japanese venture companies.