Shopclues.com Raises Investment From Helion, Nexus
Online shopping website ShopClues.com has raised R54 Cr from Helion Venture Partners, Nexus Partners and Teruhide Sato, CEO of Netprice.com.
The funds raised will be used by the company to expand to more cities. In 2012, Shopclue raised $4 Mn in Series A funding, while in 2011 it raised angel funding.
Founded by Sandeep Agarwal in 2011, Shopclue offers close to 200,000 products with over 5,000 sellers across India. It has 200 employees in India and is based out of Gurgaon, New Delhi, Mumbai and Vadodara.
At present, the company handles over 18 lakh transactions annually and around 42 Mn visitors a year.
ET stated that in January 2013, Shopclues posted a revenue of about R8 Cr and handled 1.52 lakh transactions compared to Rs 11 lakh in revenue and 200 transactions in January 2012.
Recently, Unilazer Ventures invested in Valyoo Technologies, operator of multi-product sites like LensKart, BagsKart, WatchKart and JewelKart. Flipkart too received its fourth round and raised $150 Mn investment led by Naspers and by existing investor Tiger Global.
Last July, Fidelity Growth partners, Qualcomm Ventures and Catamaran Ventures raised Series C round of R100 Cr in Yebhi.com.
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|2013-03-15||Shopclues - Helion, Nexus||Private Equity||
Helion Venture Partners
Nexus India Capital
|2012-09-04||ShopClues - Fund Raise||Venture Capital||
|15/04/2013||Private Equity||CX Partners||Transaction Solutions International (India) Private Limited||22.35||Completed|
|12/04/2013||Private Equity||OCP Asia Limited||TV18 Home Shopping Network Limited||30.00||Completed|
|02/04/2013||Private Equity||Norwest Venture Partners||Trendsutra Platform Services Private Limited||8.00||Completed|
|01/04/2013||Private Equity||eBay Inc.||Jasper Infotech Private Limited||49.90||Completed|
|Helion Venture Partners||350|| IT/ITES/Technology
|http://www.helionvc.com/||Ashwin Heerdaye JugbandhanDourvesh (Vikas) KumarAshish GuptaSanjeev Aggarwal|
|Nexus India Capital||Sector Agnostic||http://www.nexusvp.com/|
|Clues Network Private Limited||
|B/1, Pragati Chambers, 15, Dutt Vihar Society, Jetalpur Road||http://www.shopclues.com|
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