ShopClues hopes to turn profitable in another 12-18 months

ShopClues’ revenues grew 60 per cent this fiscal compared to the previous year. Losses have are down almost 40 per cent. The eretailer is focusing on pushing its business in fashion and strengthening its position in Tier III cities and beyond. The Gurgaon-based company, which competes with the likes of Flipkart and Amazon, is also confident of turning profitable in the next 12-18 months. Sanjay Sethi Co-founder and CEO says 2017 was spent ensuring that the company has the "right revenue margins" without any discounting or heavy spending on warehousing adding to its costs.