Total amount raised
$257 Million
Latest funding date
09/01/2019
Location
ShopClues has successfully raised funding over 12 rounds, with CluesNetwork and Unilazer Ventures among its notable investors. The platform connects buyers and sellers, offering a diverse range of products across various categories.
Keep reading to explore the intricacies of ShopClues' fundraising journey and the investors backing this dynamic e-commerce platform.
What Is ShopClues?
ShopClues, founded in 2011, is a prominent e-commerce platform based in Gurgaon, Haryana, India. It connects buyers and sellers in a managed environment, offering a wide range of products across various categories such as fashion, electronics, and home goods.
Operating in the e-commerce, internet, marketplace, and shopping industries, ShopClues has an employee count ranging from 1001 to 5000. The company was acquired by Qoo10 and continues to support a large community of certified merchants, particularly from tier 2 and 3 cities.
How Much Funding Has ShopClues Raised?
- Series A
- Amount Raised: USD 4,000,000
- Date: January 2012
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To establish a strong market presence and expand the product range.
- Series B
- Amount Raised: USD 10,000,000
- Date: March 2013
- Lead Investors: Helion Venture Partners, Nexus Venture Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enhance technology infrastructure.
- Series C
- Amount Raised: USD 15,000,000
- Date: May 2014
- Lead Investors: Helion Venture Partners, Nexus Venture Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand into new markets and increase merchant partnerships.
- Series D
- Amount Raised: USD 100,000,000
- Date: January 2015
- Lead Investors: Tiger Global Management
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To boost marketing efforts and improve customer acquisition.
- Series E
- Amount Raised: USD 100,000,000
- Date: January 2016
- Lead Investors: GIC
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance platform features and support merchant growth.
- Debt Financing
- Amount Raised: INR 500,000,000
- Date: May 2017
- Lead Investors: InnoVen Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To manage working capital and operational expenses.
- Series E
- Amount Raised: Not publicly disclosed
- Date: December 2017
- Lead Investors: GIC
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To prepare for potential acquisition and strengthen financials.
- Series Unknown
- Amount Raised: USD 1,000,000
- Date: February 2018
- Lead Investors: Unilazer Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support ongoing operations and technology upgrades.
- Series Unknown
- Amount Raised: INR 1,100,000,000
- Date: August 2018
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To strengthen financial position and attract potential buyers.
- Series Unknown
- Amount Raised: INR 78,600,000
- Date: September 2019
- Lead Investors: CluesNetwork
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance market presence and support merchant activities.
Total Amount Raised: USD 230,000,000
Current Valuation: Not publicly disclosed
Key Investors
- CluesNetwork
- Details: CluesNetwork is a significant investor in ShopClues, participating in multiple funding rounds. It has played a crucial role in the platform's financial growth.
- Investment Focus Areas: Not explicitly mentioned.
- Notable Investments: Multiple venture rounds for ShopClues.
- Unilazer Ventures
- Details: Unilazer Ventures is a prominent investment firm that has recently invested in ShopClues. It is known for backing innovative startups.
- Investment Focus Areas: Not explicitly mentioned.
- Notable Investments: Recent investment in ShopClues.
- GIC
- Details: GIC, the Government of Singapore Investment Corporation, is a sovereign wealth fund. It has been a key investor in ShopClues.
- Investment Focus Areas: Real estate, equities, fixed income, private equity.
- Notable Investments: Alibaba, Airbnb, Ant Financial.
- InnoVen Capital
- Details: InnoVen Capital is a venture debt firm that has invested in ShopClues. It provides debt financing to high-growth companies.
- Investment Focus Areas: Not explicitly mentioned.
- Notable Investments: Investment in ShopClues.
- Tiger Global Management
- Details: Tiger Global Management is an investment firm focusing on private and public companies in the global Internet, software, consumer, and financial technology industries. It has significantly funded ShopClues.
- Investment Focus Areas: Internet, software, consumer, financial technology.
- Notable Investments: Facebook, LinkedIn, Flipkart.
What's Next for ShopClues?
ShopClues is poised for significant growth, fueled by a recent $16 million funding round. This capital infusion presents an opportunity to expand operations, enhance technology, and improve market reach. The e-commerce sector in India is booming, attracting substantial investments and strategic acquisitions, positioning ShopClues for a potential buyout.
As ShopClues scouts for a buyer, future fundraising opportunities may arise through strategic partnerships or acquisitions. However, the company faces challenges such as intense competition from other e-commerce giants and the need to sustain operations independently until a suitable buyer is found.
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