Shopclues

Amazon, Flipkart, Meesho, Snapdeal, and Shopclues had this item listed for sale

Aggarwal comes across as neither arrogant of his achievements nor dismissive of his failings

"This lasted for almost seven years. But I am very grateful that in the end it was the rightful and just call by the DoJ to drop all charges unconditionally," said Aggarwal.

The company, which is registered as Clues Network, had registered a loss of Rs 208.14 crore in 2017-18, according to documents sourced by business intelligence platform Tofler.

After multiple attempts at selling itself, including to larger e-commerce player Snapdeal, ShopClues has found a buyer in Singapore-based e-commerce platform Qoo10 in an all-stock deal

ShopClues has 350 employees as of now, and there will be no change in modus operandi for either company

The company does not have much cash in bank; 150 more employees likely to be laid off

During the fiscal, the online marketplace spent Rs 1.11 billion towards employee benefits as compared to Rs 1.208 billion in the previous fiscal

ShopClues generates about 20 per cent of its revenue from its technological and operational services and is growing 100 per cent quarter-on-quarter, says Sanjay Sethi

---Ask the reporter to reconfirm the highlit portion in the pernultimate para; one of thew two figures seems odd)---Shopclues, an e-commerce marketplace that is focused on winning markets in tier-II and tier-III cities, is preparing for an Initial Public Offer (IPO) of equity. And, has appointed former V-Mart Retail executive Deepak Sharma as chief financial officer.Sharma was CFO of V-Mart and led the company through its IPO in 2013. A chartered accountant, he has 24 years of experience, having worked with Punj Lloyd and Mitsui & Co."He will bring greater velocity in achieving bottom line profitability and prepare the organisation for a successful IPO," said Sanjay Sethi, chief executive of Shopclues.At the start of the year, Shopclues had said it was pushing back its plan for an IPO in 2018, due to the detrimental effect of demonetisation (from early November) on its business. Now, the IPO plan seems to have returned, despite the founders being engaged in a dispute among ...

Some of the exits were linked to performance appraisals as well

Express Payout service allows merchants to get up to 80% of their pending payment in advance

Radhika was 19 when she met Sandeep, a couple of years her senior, at a college in Indore

The company launched the 'ShopClues Surety Program'

In FY16, it suffered a loss of Rs 383.05 crore, compared to Rs 101.37 crore the previous year

ShopClues board said the company's goal is to create value for all stakeholders

ShopClues, valued at $1 bn last yr, is an online marketplace focussed on tier-II and -III cities

For Shopclues, demonetisation helped in preponing their targets

With last investment round in January, ShopClues is valued at around Rs 7,100 crore

On Tuesday, the company said it was launching the next series of sales, including an eight-day 'flea market sale'