Shop Clues news and archive

ShopClues losses decline after downsizing

E-retailer Shop Clues has narrowed its losses by 40 per cent. The Gurugram-based e-commerce platform fired around 200 employees as a part of its downsizing activity to trim losses. A fresh capital infusion is expected to give it the much-needed support to meet its operational costs and keep the company going until it finds a buyer. Shop Clues...

Retail

Shop Clues scales up offerings

Shop Clues focuses on the value and mid-price segments. These today comprise 75 per cent of the online fashion market. Shop Clues has scaled up its offerings in categories including clothing, jewelry, fashion accessories and footwear. Presently, the lifestyle category contributes to 50 per cent of Shop Clues’ total orders - between men’s...

Retail

Shop Clues gives small businesses a hand

Shop Clues has launched an initiative called Saarthi, which works toward the development of small and medium enterprises in India. The program endeavors to digitise and empower lakhs of small and medium enterprises and bring them into the economic mainstream of the country as they are the prime driver in India’s economic growth. More than five...

Business

InnoVen Capital invests in Shop Clues

Online marketplace Shop Clues has raised Rs 50 crores in venture debt from InnoVen Capital, in a rare instance of a home-grown unicorn opting for venture debt. The debt has been raised primarily for day-to-day business activities. Start-ups typically raise debt when they are running short of cash, for working capital and to fund acquisitions,...

Retail

Shop Clues now focuses on unbranded apparel retail

Shop Clues is now focusing on non-branded apparel and accessories. This will include women’s ethnic wear, clothing, jewellery, fashion accessories and footwear. About 50 per cent of its orders come from Tier III and IV markets, which include cities like Tiruvallur, Vellore, Chittoor, Ernakulam, Tiruchirapalli and Madurai in south India and...