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ShopClues plans Nasdaq listing, increase its offline reach

With last investment round in January, ShopClues is valued at around Rs 7,100 crore

Karan Choudhury  |  New Delhi 

Unstructured category marketplace player Shopclues on Tuesday said that ShopClues is planning to file for a Nasdaq listing and would be garnering sales worth $two billion on its platform in 2017.  “With last investment round in January, ShopClues is valued at around Rs 7,100 crore. We were earlier expecting gross merchandise volume of $2.3-2.5 billion in 2017 but due to demonetisation, we expect our topline to be around $2 billion," Sanjay Sethi ShopClues chief executive officer and co-founder. On plans to go for public listing, Sethi said, “We expect ...

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First Published: Wed, December 07 2016. 01:04 IST
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