Aug 17, 2016 08:08 AM
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(Updated Aug 19, 2016 03:47 PM)
With Series E, ShopClues is now valued at more than$1.1 billion(Rs 7, 300 crore) following undisclosed funding led by Singapore's sovereign wealth fund GIC.
In March 2013, ShopClues successfully completed its third round of funding.[18] The company raised close to$10 million(Rs. 54 crores) from Helion Venture Partners[19] and Nexus Venture Partners. Nexus Venture Partners[20] had previously led the Series A investment in the company in Feb 2012. With this round, ShopClues.com has raised over$15 million in capital so far.
ShopClues has other investors like Series B investors Helion and Nexus and a Japanese Internet company. Prior to Series A, ShopClues had raised a round(in Aug. 2011) from angels including from early employees of companies like Google, Netscape and many serial entrepreneurs from Silicon Valley.
ShopClues has raised$100 million(Rs 620 crore) in Series C funding led by Tiger Global besides at least two of its existing investors.This values the company at around$350 million.
