ShopClues joined the Unicorn Club on January 12, 2016 after raising a $100 million Series E funding round, reaching a $1.1 billion valuation. Founded in 2011, the company is headquartered in Gurugram, Haryana, India. ShopClues operates a multi-category e-commerce marketplace offering fashion, home decor, kitchen appliances, electronics, and sports products.
The platform allows buyers to shop at wholesale rates anytime and anywhere via Android and iOS applications, connecting them with sellers in a managed marketplace environment.
Keep reading to learn how ShopClues became a leading e-commerce unicorn.
What Is ShopClues and What Does It Do?
ShopClues is a horizontal e-commerce platform providing a managed marketplace connecting buyers and sellers across multiple product categories, including fashion, home decor, kitchen appliances, electronics, sports, and essentials.
The platform offers a mobile app for seamless shopping on Android and iOS, enabling users to access wholesale pricing, browse product catalogs, and make secure purchases. ShopClues focuses on convenience, variety, and competitive pricing to enhance the online shopping experience.
How Much Funding Has ShopClues Raised?
1. Seed Round
- Amount Raised: $5 million
- Date: 2011
- Lead Investors: Early stage angel investors
- Purpose: Launch online marketplace and initial operations
2. Series A Round
- Amount Raised: $15 million
- Date: 2012
- Lead Investors: Tiger Global Management
- Purpose: Expand product categories and scale seller onboarding
3. Series B Round
- Amount Raised: $40 million
- Date: 2013
- Lead Investors: GIC
- Purpose: Strengthen platform infrastructure and logistics capabilities
4. Series C Round
- Amount Raised: $78 million
- Date: 2015
- Lead Investors: Tiger Global Management
- Purpose: Expand nationwide marketplace operations and marketing
5. Series D Round
- Amount Raised: $100 million
- Date: January 12, 2016
- Valuation: $1.1 billion
- Lead Investors: GIC
- Purpose: Achieve unicorn status, scale operations, and enhance platform technology
6. Series E Round
- Amount Raised: $16.7 million
- Date: August 10, 2018
- Purpose: Platform enhancements and operational improvements
Total Funding Raised: $249 million Latest Funding Date: August 2018 Latest Known Valuation: $1.1 billion Employee Count: 193 as of November 2024
Key Investors
- GIC
- Details: Singapore sovereign wealth fund
- Focus Areas: High growth technology and e-commerce platforms
- Tiger Global Management
- Details: Global investment firm
- Focus Areas: Consumer internet, marketplaces, and high growth technology companies
Where Is ShopClues’ Headquarters?
ShopClues is headquartered in Gurugram, Haryana, India, serving as the central hub for leadership, marketplace operations, technology development, and seller support teams.
What’s Next for ShopClues?
ShopClues focuses on expanding its multi-category offerings, enhancing platform technology, and improving operational efficiency. The company continues to optimize its marketplace for buyers and sellers and strengthen its presence in India’s e-commerce ecosystem.
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