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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

Shopclues

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 ...