India's Billion Dollar Startup Club
Shop Clues – 1.1 Billion
Yet another e-commerce vendor; it would appear that the Indian consumer market is booming. ShopClues joined as 35th entrant in the Indian e-commerce in 2011. In January 2016, Shopclues crossed the $1 billion valuation threshold with a new round of funding. Shopclues Chief Executive Sanjay Sethi said the new $150 million round would be spent on advertising and improving technology as the company plans to reach profitability ahead of a planned initial public offering in 2017.
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