The total revenue from operations grew 45 per cent to Rs 275 crore in 2017-18, from Rs 189 crore in the preceding fiscal, he added.
During the fiscal, the online marketplace spent Rs 100 crore towards employee benefits, while service costs stood at Rs 175 crore.
ShopClues, which competes with the likes of Amazon, Flipkart and Paytm, counts Helion Venture Partners and Nexus Venture Partners among its investors. Founded in 2011, ShopClues has over six lakh merchants.
Last month, ShopClues had said it has seen strong revenue increase on the back of growing business from categories like fashion and strengthening position in tier III cities and beyond.
"2018 will be about continuing the growth. We became unit economic positive across all categories last year and we are looking at hitting profits in the coming fiscal," he said.
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