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Chinese internet behemoth <keyword id="302749" type="COMPANY" weightage="100" keywordseo="Alibaba">Alibaba</keyword>, which means to enter the domestic e-commerce market by early next year, has held discussions to acquire online marketplace <keyword id="6357066" type="UNKNOWN" weightage="20" keywordseo="ShopClues">ShopClues</keyword>, which is valued at over $1 billion. Alibaba needs to merge the Paytm, in which it has a stake, with the much bigger adversary ShopClues, as it is prospecting several securing targets to solidify an India entry against opponent Amazon, people acquainted with the matter said. 
 The Gurgaon-based ShopClues numbers <keyword id="6357968" type="ORGANIZATION" weightage="20" keywordseo="GIC">GIC</keyword> of Singapore, <keyword id="526777" type="UNKNOWN" weightage="60" keywordseo="Tiger-Global">Tiger Global</keyword>, Nexus Venture Partners and Helion among its investors and has raised about $250 million till date. ShopClues is positioned as an online flea market, selling cheaper and generally unbranded merchandise to value shoppers. The organization, which is one among the top takeover targets in Indian e-commerce, is said to be reporting a revenue run-rate of $750 million based on the gross merchandise value of the products sold. 
 Investment bankers have taken multiple deal propositions to Alibaba in recent months. The Jack Ma-led Chinese goliath is hoping to sew up combination moves to challenge Amazon, which has already emerged as the nation's second-largest online marketplace and is seen threatening <keyword id="6354742" type="COMPANY" weightage="60" keywordseo="Flipkart">Flipkart</keyword>'s leadership. This includes getting a significant stake in Flipkart and merging smaller Indian opponents with it, or scaling up investments in <keyword id="541988" type="COMPANY" weightage="20" keywordseo="SnapDeal">Snapdeal</keyword> in which it is currently a little shareholder. 
 
The media has speculated about Alibaba's interest in Flipkart, however these parleys have stalled over differences in valuations. Incidentally, Flipkart has likewise been rumored as a potential suitor for ShopClues since Tiger Global is a large regular investor in both. 
 Former <keyword id="188699" type="COMPANY" weightage="20" keywordseo="Zynga">Zynga</keyword> and <keyword id="6363100" type="CITY" weightage="20" keywordseo="Yahoo">Yahoo</keyword> executive K Guru Gowrappan, who has been mandated to graph Alibaba's development in Asian markets (excluding China), is driving the M&amp;A chats with the senior management of ShopClues, sources, said. Gowrappan, who joined Alibaba in November a year ago, is spending more time in India to finalize Alibaba's entry strategy. Sources said he was in regards to join the leading body of One 97 Communications, the parent of Paytm, and is working from the latter's offices in Noida. 
 
Sources cautioned that the discussions with ShopClues may not lead to an exchange. Alibaba could value ShopClues at around $1 billion however the organization's management is negotiating for a higher valuation. The up and coming Diwali festival season sales would determine the valuations of several Indian e-commerce companies which are in the M&amp;A ring currently. 
 
Meanwhile, Alibaba bunch, which holds around 40% stake in Paytm, has already started the process to separate the Noida-based organization's core payment business and the smaller commerce business into two separate entities. Alibaba is keen on moving the battling and money swallowing marketplace of Paytm into one of the larger blends it is seeking after in the nation. Paytm clearly sees its future as a payments organization and has attempted to locate a new investor or sell off the commerce in recent past.

Alibaba reportedly in talks to acquire Shopclues

<ul><li><keyword id="6357066" type="UNKNOWN" weightage="20" keywordseo="Shopclues">Shopclues</keyword> has finally been sold to Singapore-based <keyword id="8279466" type="UNKNOWN" weightage="20" keywordseo="Qoo10">Qoo10</keyword> in an all stock deal. </li><li>The <keyword id="7321558" type="UNKNOWN" weightage="20" keywordseo="unicorn-startup">unicorn startup</keyword> was sold at a valuation ranging between just $70-100 million. </li><li>This year, Shopclues had been at the centre of multiple failed attempts at mergers as it tried to survive.</li></ul>Indian unicorn e-commerce startup Shopclues has finally <a href="https://tech.economictimes.indiatimes.com/news/internet/shopclues-acquired-by-singapore-based-qoo10/71839928">found</a> a buyer in Singapore-based e-commerce platform Qoo10. Shopclues which was once valued at $1.1 billion-- is sold in an all stock deal for a reported valuation ranging between $70-$100 million. Here’s a look at how it all went down for the e-commerce startup. 2011 Shopclues was founded in July 2011 by Sanjay Sethi, Sandeep Aggarwal and Radhika Aggarwal. This was two years before Amazon came to India. It raised an angel round of funding. 2012 The startup raised its series A round of funding of $4 million. During this time, Shopclues had 2500 transactions a day and according to <a href="https://www.techcircle.in/2012/09/04/excl-shopclues-raises-4m-in-series-a-round-looking-to-gross-rs-100cr-sales-by-dec-2012">reports</a>, was hoping to turn profitable by 2013. 2013 Gaining momentum, Shopclues closes its series B round for $10 million from investors Nexus Venture Partners and Helion Venture Partners. 2014 Shopclues raised $15 million as a part of its series C round of funding from its existing investors. 2015 In 2015, the startup scooped up its Series D funding for $100 million, also welcoming Tiger Global to its board of investors. “Shopclues has emerged as the leading marketplace of choice for the millions of small and local businesses seeking to reach mass consumers in India’s tier 2 and tier 3 cities,” the then Tiger Global private equity business head Lee Fixel <a href="https://www.vccircle.com/e-com-marketplace-shopclues-raises-100m-series-c-funding-led-tiger-global/">had said.</a> It also registered a GMV of $400 million. 2016 Between late 2015 and early 2016, Shopclues closed its series E round of funding to join the prestigious unicorn club. It also brought back its dreams for profitability while also reportedly hoping for an IPO. 2017 Shopclues was caught in the middle of a very public spat between its founders – husband and wife duo Sandeep Aggarwal and Radhika. Aggarwal put out a post on Facebook accusing his wife of “an illicit affair” as well as ousting him from the company. It was also the year when the company’s <a href="https://economictimes.indiatimes.com/small-biz/money/shopclues-fy-17-revenue-up-5-losses-decline-by-13/articleshow/61539773.cms">revenue began slowing dow</a>n. In FY17, the company’s revenue grew by 5% instead of the usual 50% jump it had been seeing. Its losses stood at ₹332 crores. 2018 It managed to come back in the game with a 46% revenue jump and cutting down its losses to ₹208 crore in FY18. But at this time, Shopclues also <a href="https://economictimes.indiatimes.com/small-biz/startups/newsbuzz/shopclues-revenue-up-46-to-rs-273-crore/articleshow/66409043.cms">cut down</a> on operational costs, advertising spends and employee benefits. However, it was facing immense competition from Flipkart, Amazon, Paytm etc who were growing at breakneck speed. Meanwhile, Shopclues was focussing on its wholesale marketplace model. Once again, its plans to go in for an IPO in 2018, failed to see the light of the day. Multiple senior management <a href="https://www.thehindubusinessline.com/info-tech/top-level-exits-at-shopcluescom/article23263804.ece">exits</a> too began in the company. It also fired 50 employees across verticals. It also lost a legal fight with L’oreal, which had <a href="https://economictimes.indiatimes.com/small-biz/startups/newsbuzz/loral-india-wins-judgement-on-counterfeits-against-shopclues/articleshow/66652453.cms">accused</a> Shopclues of selling counterfeit products on its platform. 2019 Having survived on bridge rounds of investments, troubles started mounting for the company as its struggle to survive became public. The rumours of its probable sell began taking solid turns. Snapdeal (who was itself making a comeback from massive losses) was reported to be in talks with Shopclues for a possible merger, but the talks didn’t go through in the end. There were also rumours about ebay.in looking to <a href="https://economictimes.indiatimes.com/small-biz/startups/newsbuzz/ebay-in-talks-with-etailers-including-shopclues-for-a-fresh-bid-in-india/articleshow/65157378.cms">acquire</a> Shopclues. Shopclues also laid off about 200 employees to cut costs. Then came the news of its final sale to Singapore-based Qoo10 in an all stock deal, but with a massive fall in valuation. “This partnership presents new strategic opportunities for both companies, as it opens up cross-border opportunities for consumers and sellers across Asia,” the company said in a statement.

Once valued at $1.1 billion Shopclues finally gets sold for less than $100 million valuation

<keyword id="6357066" type="UNKNOWN" weightage="100" keywordseo="ShopClues">ShopClues</keyword>.com, the mass-market online retailer founded in 2011 by renowned wall-street analyst Sandeep Aggarwal, has received an undisclosed amount of funding in its Series E round. 
 
This funding has brought the retailer’s valuation at more than $1.1Billion. 
 
The round of capital infusion was led by GIC, which happens to be the largest sovereign wealth fund of Singapore. Existing investors of ShopClues.com, including major names like Tiger Global and Nexus Venture Partners, also participated in this funding round. 
 
“As a long-term investor, GIC believes in the strong growth potential of India's e-commerce industry. We are confident that ShopClues’ merchant-first mind-set and solid management team will enable the company to expand its reach, especially in the Tier-2 and Tier-3 cities, bringing its unique value proposition to even more consumers and merchants,” said Ravi Balasubramanian, GIC’s Head of Asia Equities Research. 
 
Sanjay Sethi, CEO &amp; Co-founder of ShopClues, had his two cents to share on the same. “ShopClues has consistently demonstrated that hyper-growth and strong business fundamentals are not mutually exclusive. The recent addition of GIC and the continued strong support from our existing investors is a validation of our capital efficiency with a clear path to profitability. This investment will enable us to double our focus on digitizing our merchants’ businesses so that they scale to fully leverage the opportunity online commerce provides them.” 
 
The gross merchandise volume (GMV) of online retailer has grown over four time since January 2015. They are currently shipping out over 3.5 million items on a monthly basis, thereby attracting more than 100 million visits per month. 
 
The business growth, which is accompanied by strong improvements in capital efficiency, is expected to prove profitable by H1 2017. 
“Today, we are the dominant player in low price-point &amp; unstructured categories like lifestyle, home, kitchen, electronic &amp; automotive accessories etc. Our focus on selection, value and trusted shopping for Indian middle class consumers has given us tremendous scale with a rapidly growing buyer &amp; merchant network. We are confident that our capital efficiency &amp; execution will make this our last fund raise before we become profitable with the eventual IPO in 2017,” said Radhika Aggarwal, Co-founder and Chief Business Officer of ShopClues. 
 
The capital raised in this funding round will be used to focus on building and rolling out new products so that SME merchants can be enabled to digitize their businesses. It would also be used to further establish itself as the e-commerce operating system on the cloud. 
 
Image source

ShopClues raises Series E at a valuation of $1.1 Billion

Small businesses have been bearing the brunt of <keyword id="6362150" type="UNKNOWN" weightage="20" keywordseo="demonetization">demonetization</keyword> the most, by losing out on customers who do not have cash to pay for their daily needs. 
 
To help offline merchants opt for<a href="http://www.businessinsider.in/EXCLUSIVE-BigBaskets-co-founder-talks-about-hyperlocal-businesses-and-profitability/articleshow/55752379.cms"> cashless transactions</a>, <keyword id="6357066" type="UNKNOWN" weightage="20" keywordseo="ShopClues">Shopclues</keyword> announced the launch of 'Reach' under its Business Edge initiative today. 
 'Reach' helps brick and mortar stores in the country to process hassle-free <keyword id="6445679" type="UNKNOWN" weightage="20" keywordseo="cashless-transactions">cashless transactions</keyword> for customers. 
 
The best part is that neither the customer or the seller needs the mobile application to make the payment and the price; Shopclues will only charge INR 99 per month from the merchants, as of now. 
 
<a href="http://www.businessinsider.in/EXCLUSIVE-IKEA-APAC-Head-talks-about-what-to-expect-from-the-upcoming-IKEA-store-in-Hyderabad/articleshow/55812739.cms">ALSO READ: EXCLUSIVE: IKEA APAC Head talks about what to expect from the upcoming IKEA store in Hyderabad</a> 
 
The SMS based three-step payment mechanism also eliminates the intermediary digital wallet by directly transferring the payment to the beneficiary's bank account at an introductory rate of 0% TDR on transactions. 
 
This facility can be subscribed to by Shopclues-affiliated merchants as well as offline merchants who are not associated with the company. 
 
'Reach' by Shopclues also assists the retailer in <a href="http://www.businessinsider.in/Bollywood-actor-Kunal-Kapoor-talks-about-Ketto-his-crowdfunding-startup-which-has-raised-Rs-40-Cr-for-social-causes/articleshow/55753955.cms">order management, inventory management, e-Billing, centralized inventory status for multiple stores and merchant store promotion.</a>

Shopclues launches 'Reach' to digitize offline merchants payments

In a bid to save the cost of logistics and ensure faster deliveries, the Gurgaon-based online marketplace <keyword id="6357066" type="UNKNOWN" weightage="100" keywordseo="ShopClues">ShopClues</keyword> has decided to make different regions in the country. It is also looking forward to expanding its seller base and make intra-zonal shipments. 
 
"We are moving towards dividing the country into different cities as opposed to regions for our shipments," said Radhika Aggarwal, chief business officer at ShopClues. "The idea of shipping from within the zone of a customer works perfectly for structured categories. The unstructured category might or might not benefit from this," she added. 
 
The Silicon Valley-founded company will work with local courier partners for its zonal deliveries, which would save up to 25% costs, thereby yielding better margins for the marketplace and prices for the customers. 
 
The same policy is being adopted by Alibaba-backed marketplace Paytm, which has been expanding its online-to-offline shipments across regions so that delivery time can be lessened. 
 
"We are currently at 4 lakh sellers on our platform and plan to increase it to 12 lakh sellers by the end of 2016. This will also improve our 
regional selections and price range of products, mainly from the tier-2 and 3 markets," said Aggarwal. 
 
Shopclues was valued at $1.1 billion in its last round of funding, and is targeting profitability by mid next year.

Shopclues goes local, segregates regions for faster deliveries and reduced costs

<div type="image" msid="57877676" hostid="261"></div>

 
 <keyword id="6357066" type="PERSON" weightage="20" keywordseo="ShopClues">ShopClues</keyword> has launched an Express Payout service, which allows a merchant to get up to 80% of their pending payment in advance. 
Merchants often need on-demand cash flow to ensure stock availability, manage payments and overheads etc. 
ShopClues’ Express Payout service aims to benefit any merchant who requires advance payment before the scheduled payment date. The merchants can choose to receive any amount up to 80% of their due payment with a small service charge. The requested payment is processed within eight hours. 
 
<a href="http://www.businessinsider.in/housing-com-launches-housing-partner-which-is-unified-platform-for-realtors/articleshow/57873247.cms">ALSO READ: Housing.com Launches ‘Housing Partner’- a unified platform for realtors</a> 
 The platform had recently also launched a range of financial services designed exclusively for its merchants. These services include the Reach PoS, a software mobile POS which facilitates hassle-free digital transactions for offline retailers; and <keyword id="4349289" type="PERSON" weightage="20" keywordseo="capital-wings">Capital Wings</keyword>, a loan program which facilitates quick and hassle-free loans to scale up their business. With the Express Payout option, ShopClues intends to create a complete financial services package that caters to the needs of varied merchants on the marketplace. The merchants can choose the services that they need to grow and enhance their business and also receive guidance from the ShopClues team. 
 
<a href="http://www.businessinsider.in/This-exclusive-club-in-Mumbai-charges-Rs-ten-lakhs-as-membership-fee/articleshow/57870267.cms">ALSO READ: This Exclusive Club in Mumbai Charges Rs. Ten Lakhs as Membership Fee</a> 
 
The Express Payout service was launched to a small group of merchants last month, wherein over 70% of the merchants chose to avail the service. It has since been launched for all merchants on the platform and in three weeks has catered to over 2000 payout requests.

ShopClues’ merchants can ease cash flows by availing advance payments

<keyword id="6357066" type="UNKNOWN" weightage="20" keywordseo="ShopClues">ShopClues</keyword>.com, India’s largest marketplace for small medium businesses (SMBs), has raised investment worth $100 million. The new round of investments was led by <keyword id="526777" type="UNKNOWN" weightage="20" keywordseo="Tiger-Global">Tiger Global</keyword>, one of the largest global institutional investors. 
 <keyword id="118292" type="PERSON" weightage="20" keywordseo="Sanjay-Sethi">Sanjay Sethi</keyword>, chief executive officer (CEO) and co-founder, ShopClues said, “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 &amp; services to enable and empower retailers to participate in the e-commerce revolution that is happening in India. ShopClues levels the playing fields for SMBs to compete with other organized retailers both in the online and offline space, said Sethi.” 
 
Lee Fixel from Tiger Global said in a statement, “ShopClues has emerged as the leading marketplace of choice for the millions of small and local businesses seeking to reach mass consumers in India’s tier two and tier three cities. Sanjay, Radhika and the team have done a great job aggregating the country’s largest online catalog of regional and local brands and we are excited to partner with ShopClues as it expands its offerings.” 
 
Elaborating about the deal, Radhika Ghai Aggarwal, co-founder, ShopClues said, “In Tiger Global, we found a strategic partner who showed confidence in our capability to operate the country’s largest marketplace for the masses – be it the millions of small merchants wanting to sell online or the vast pool of shoppers in tier 2/3 towns looking for access to the products and categories that they never had before. The fact that another ace investor has been added to our list of institutional investors is a strong endorsement of our team, strategy and business performance.” 
 
ShopClues was set up in 2011 as the country’s first fully managed marketplace. At present, ShopClues has 1.5 million transactions per month. More than 70% of its transactions come from tier two and three cities. ing about 40 million monthly visitors, it is growing by 600% year-on-year.

ShopClues.com Bags $100-million Investment

<keyword id="6357066" type="UNKNOWN" weightage="20" keywordseo="ShopClues">Shopclues</keyword>, which is one of India's largest e-commerce players with over 5,00, 000 merchants has today launched a premium service experience for its customers. 
 
<a href="http://www.businessinsider.in/these-new-linkedin-features-will-increase-your-chances-of-landing-a-new-job/articleshow/57652542.cms">ALSO</a><a href="http://www.businessinsider.in/these-new-linkedin-features-will-increase-your-chances-of-landing-a-new-job/articleshow/57652542.cms"> READ: These new LinkedIn features will increase your chances of landing a new job</a> 
 
This premium service is in addition to the Shopclues Buyer Protection program which ensures an extensive 5 point quality check of the products along with the use of data analytics and secure dispatch to its customers in order to give them a seamless shopping experience. 
 
How does it work 
 The program ensures that each <keyword id="4297963" type="UNKNOWN" weightage="20" keywordseo="shopclues-surety">Shopclues Surety</keyword> product is rated on a set of quality parameters, evaluated and identified through an extensive research by the category experts, according to the company. 
 
The platform marks out the rating of the classified products into four categories: 
 1) <keyword id="161142" type="COMPANY" weightage="20" keywordseo="Best-Buy">Best Buy</keyword> 
 
2) Great Buy 
 
3) Value Buy 
 
4) Brand Authorised 
 
This allows the customer to make an optimal purchase decision while shopping on the platform. 
 
A 'Best Buy' product is best rated amongst all the 5 parameter quality check as the quality of the product is equivalent to that of branded products. 
 
A 'Great Buy' product is rated well among all the 5 parameters of the quality check as the product comes with good quality combined with the best pricing. 
 
A 'Value Buy' product delivers all functional benefits and is a good value match for the money paid. 
 
<a href="http://www.businessinsider.in/starbucks-app-just-launched-in-india-and-heres-why-its-convenient/articleshow/57652881.cms">ALSO READ: Starbucks App just launched in India and here's why it's convenient</a> 
 
A 'Brand Authorised' product is 100% genuine and is sold by an authorized merchant. 
 
This is a great imitative in the times when people are more open to buying online and have started trusting online players for the quality products they provide.

Shopclues launches Shopclues Surety to ensure quality products on its platform

<a href="http://www.businessinsider.in/Festive-Season-Sale-Part-2-What-to-buy-today-on-Amazon-Snapdeal-and-Flipkart/articleshow/54896029.cms">The festive season</a> is in full swing for all of us and the E-commerce companies are not lagging behind. Most e-commerce companies are still offering their customers discounts after the first-week mega sale war between <keyword id="18635" type="CITY" weightage="60" keywordseo="Amazon">Amazon</keyword>, <keyword id="6354742" type="COMPANY" weightage="20" keywordseo="Flipkart">Flipkart</keyword>, <keyword id="541988" type="COMPANY" weightage="20" keywordseo="SnapDeal">Snapdeal</keyword> and <keyword id="6357066" type="UNKNOWN" weightage="60" keywordseo="ShopClues">Shopclues</keyword>. 
 Amazon is featuring the second part of their Great Indian Festival from 17th till the 20th and Snapdeal is offering discounts under the <keyword id="3671037" type="UNKNOWN" weightage="60" keywordseo="Unbox-Diwali-sale">Unbox Diwali Sale</keyword> starting today. Shopclues is back with its second edition of <keyword id="458593" type="UNKNOWN" weightage="60" keywordseo="Diwali-sale">Diwali Sale</keyword> with 'Dhamaka Deals' across the categories. 
 
We have put together a short list for you to make your materialistic desires come to fruition in the best way possible. 
 
Here is a list of different products that have a great discount or exchange offer that you just can’t miss. 
 
If one of these were part of your wishlist, today is going to be your lucky day.

Festive Season Sale Part 2- What to buy today

The festive season is in full swing for all of us and the E-commerce companies are not lagging behind. Most e-commerce companies are still offering their customers discounts after the first-week mega sale war between <keyword id="18635" type="CITY" weightage="60" keywordseo="Amazon">Amazon</keyword>, <keyword id="6354742" type="COMPANY" weightage="20" keywordseo="Flipkart">Flipkart</keyword>, <keyword id="541988" type="COMPANY" weightage="20" keywordseo="SnapDeal">Snapdeal</keyword> and <keyword id="6357066" type="UNKNOWN" weightage="60" keywordseo="ShopClues">Shopclues</keyword>. 
 Amazon is featuring the second part of their Great Indian Festival from 17th till the 20th and Snapdeal is also continuing with offering discounts under the Unbox <keyword id="458593" type="UNKNOWN" weightage="60" keywordseo="Diwali-sale">Diwali Sale</keyword>. Flipkart has a lot of festive discounts, still on offer and Shopclues is back with its second edition of Diwali Sale with 'Dhamaka Deals' across the categories. 
 
We have curated a list for you to make your materialistic desires come to fruition in the best way possible. 
 
Here is a list of different products that have a great discount or exchange offer that you just can’t miss. 
 
If one of these were part of your wishlist, today is going to be your lucky day.

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