E-PaperShopclues News
ShopClues’ exit sets stage for face-off between Paytm Mall, Snapdeal
What’s common for the two firms, experts say, is their business modelWith one player exiting, e-commerce investors and analysts doubt whether a third player could exist amid intense competition from Flipkart and Amazon India
3 min read11 Nov 2019How ShopClues collapsed from a promising unicorn to an also-ran
ShopClues was simply unable to raise fresh funding after its $100-million round in 2016 led by Tiger and GICShopClues will fetch a valuation of $80 million, said two people close to the company, requesting anonymity
3 min read4 Nov 2019Deals Buzz: CDPQ plans InvIT to house road assets
In other news, Alibaba Group Holding Ltd is deciding between launching a sharply reduced $10 billion Hong Kong share sale in November or delaying the deal till next year as global uncertainty mounts
8 min read1 Nov 2019ShopClues to merge with Singapore-based Qoo10
A reports pegs the valuation of ShopClues at $70-100 millionThe merger will be done in an all-stock deal
1 min read31 Oct 2019Snapdeal may acquire ShopClues at a likely valuation of $250 million
This will mark Snapdeal’s first purchase after it re-focused its business to unbranded categoriesThe potential acquisition will mark further consolidation in India’s e-commerce sphere
2 min read22 May 2019Snapdeal in talks to acquire Shopclues
Snapdeal has started the due-diligence process and is likely to take a call on the acquisition over the next few weeksThe deal will be an all-stock deal and is expected to be valued between $200 and $250 million
1 min read22 May 2019New e-commerce norms to create level-playing field, help MSMEs, says online retail industry
The changes will mostly affect Amazon and Flipkart , as one of the norms bars striking exclusive marketing arrangements that could influence product prices
2 min read27 Dec 2018Amazon moves to check fake sellers
The e-commerce giant, which counts India as its most important international market, is witnessing a higher number of instances where unverified sellers are listing fake products across online marketplaces in the country
1 min read21 Dec 2018ShopClues raises ₹110 crore from existing investors
ShopClues is depending on new initiatives for monetization amid drop in daily orders
2 min read10 Aug 2018As World Cup hits fever pitch in India, brands see merchandise sales spike
Puma India witnessed a 37% increase in sales over last month in football merchandise whereas Shopclues claims to sell 4,000 footballs and about 300 to 350 fan jerseys everyday
2 min read27 Jun 2018Popular Topics
Budget
The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared