ShopClues to more than double its workforce by March 2016

Marketplace model ShopClues aims to more than double the number of employees to 1,500 by March next year sighting considerable rise in its seller base. As of now, the company is supposed to have around 1.5 lakh merchants on its platform, and has employed about 700 employees.

The company anticipates its merchant base to grow from 1.5 lakh to about five lakh by the end of the fiscal. With GMV of about 500 million dollars (over Rs 3,000 crores), the company is bullish about closing the year at about 1.3 billion dollars (over Rs 8,300 crores).

The company also plans to increase the number of fulfilment centres across the country to 20 from existing seven this year, while strengthening its infrastructure, technology expertise and adding 10 million merchants on the platform by 2018 from 125,000 merchants, listed on its website. The company will also initiate ways to increase awareness with television commercials and marketing.