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Marketplace ShopClues.com has raised more than $100 million in Series D funding, led by Tiger Global and participation from majority of existing investors.
“So far, we have brought 100,000 sellers and 10 million products online and the next three years will be focused on bringing 10 million sellers and 1 billion products to the online domain. We will continue to build technologies and services to enable and empower retailers to participate in the e-Commerce revolution that is happening in India," said Sanjay Sethi, CEO & co-founder of ShopClues.
Avendus Capital was the advisor to this transaction.
ShopClues was founded in 2011 as India’s first fully managed marketplace. At present, ShopClues does 1.5 million transactions per month with 70 per cent of them coming from tier 2 & 3 cities.
ShopClues had raised an undisclosed amount in previous A, B and C rounds from leading investors, including Helion Venture Partners and Nexus Venture Partners.
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