Shopclues.com news and archive

ShopClues to take the cloud route to promote hyperlocal services

As ecommerce firms focus on profitablity while initiating measures to expand offerings and improve market share, leading marketplace, Tiger Global-backed ShopClues plans to position its ecommerce operating system on cloud. To help its existing sellers expand their offline reach, ShopClues will aggregate services such as marketing, logistics and...

Apparel

Shopclues claims to be unaffected by founder’s arrest

Shopclues.com says its business is unaffected with the arrest of its founder Sandeep Aggarwal. It maybe recalled that the FBI has arrested Sandeep Aggarwal, Founder of Shopclues.com for allegedly tipping off Richard Lee, a SAC Capital portfolio manager about a pending deal between Yahoo and Microsoft in 2009. As per a release by Shopeclues.com,...

Apparel

FBI arrests Shopclues founder Sandeep Aggarwal

Sandeep Aggarwal, who worked as an analyst covering technology stocks before moving to India to start his own internet company Shopclues.com, was arrested on Monday by FBI agents in San Jose while visiting the United States. He made his initial appearance in San Francisco Federal court on Tuesday, charged with conspiracy to commit securities...

Apparel

ShopClues eyes Rs 350 cr revenue in 2013

Online shopping website ShopClues aims to clock in revenues of Rs 350 crores this year on the back of an expanding customer base and growing sales in clothing, fashion accessories. The company, which was launched in November 2011, had clocked revenue of Rs 35 crores in FY 2012. It follows the January to December fiscal year. The company is...