Founded in 2011, ShopClues is an online marketplace that connects buyers and sellers through a variety of products. The marketplace has over a million registered users, and offers a trusted online shopping experience. It also provides a wide variety of products, such as electronics, apparel, household items, accessories, and more. Moreover, ShopClues’ products are offered at reasonable prices, making it an attractive option for customers.
ShopClues has over 6 lakh vendors, making it the largest managed marketplace in India. In addition, ShopClues has a variety of features and tools to help sellers succeed. These features include shipping management, product catalogue, order management, and more. These tools help sellers to market their products, track results, and optimize ad campaigns. ShopClues sellers also benefit from customer support, which includes addressing customer complaints and resolving issues.
ShopClues is also a member of the Unicorn Club, which is an exclusive club for companies valued at $1 billion or more. In addition, ShopClues was recently acquired by Qoo10 for $100 million. This deal is the latest in a string of acquisitions for ShopClues, which has also acquired Storeking, Heybiz, and Momeo. In addition to these acquisitions, ShopClues also has its own private labels, such as Meia for fashion, DigiMate for electronics, and Homeberry for home furnishings.
ShopClues’ revenue for the year ended March 31, 2017 was estimated at $3 billion. That’s lower than the previous year, which saw the company earning $3 billion. ShopClues’ revenue includes ad-for-equity deals, as well as revenue from the offerings.
ShopClues also has its very own private labels, which are sold exclusively through ShopClues. These include 29K for men’s fashion accessories, Meia for fashion, and Homeberry for home furnishings. ShopClues has a wide variety of products for customers to choose from, with a focus on promoting regional products. Moreover, ShopClues aims to offer complete value for money, and always strives to offer products at a competitive price.
ShopClues has a large client base, with 100 million visitors to the site each month. This makes it a great way for sellers to gain access to a larger customer base. It is also important to note that ShopClues offers its customers a wide variety of payment options, including credit cards and debit cards.
ShopClues sellers are required to create a seller account to sell their products. The account can either be for personal or business use. The account will require a valid email address and phone number. Sellers also need to verify their bank accounts. Once their account is verified, they can begin selling products. ShopClues will also provide sellers with a sales report, which allows them to track their sales, analyze their marketing strategies, and create a stronger relationship with their customers.
The company is backed by leading institutional investors, including Tiger Global, LionBird Venture Partners, and GIC. In addition, ShopClues is also managed by over 1100 employees. Moreover, ShopClues was founded by Sandeep Aggarwal and Radhika Aggarwal, who both have over 16 years of experience in management.
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