Indian e-commerce startup Shopclues raises 100 mln dollars in series D round

Indian e-commerce company Shopclues has raised 100 million dollars in Series D round led by Tiger Global.

According to Techcrunch, Tiger Global raised a 2.5 billion dollar fund at the end of 2014.

Other existing investors including Helion Venture Partners and Nexus Venture Partners, also participated.

Shopclues was started in 2011 when most e-commerce services in India sold merchandize to consumers using an inventory-led model.

Shopclues claimed they have 1,00,000 sellers who provide over 10 million products.