Clueless on where to get funds, ShopClues may shut shop in a few months

The company does not have much cash in bank; 150 more employees likely to be laid off

The roller-coaster ride of Shopclues, the country’s fastest growing unicorn heading towards an initial public offering (IPO), may come to an abrupt end soon. 

According to sources, the company which at one point had a valuation of $1.1 billion and prided itself of being the market leader in the unbranded goods segment, may not have more than a few months of run time. 

Company insiders fear either a complete shut down or severely shrunk operations running on skeletal staff. While at one point, the company had over 1,000 employees, the numbers came down to 500 in the last few months.

According to sources,