Gurgaon Based eCommerce gaint shop clues has raised 100M usd from Tiger global as Series E funding. Sanjay sethi the CEO of shop clues will mainly focus on competing with amazon, flipkart and snapdeal.
With this funding shop clues may acquire few companies to scale their business and optimize the operations. Shopclues aims USD 1B GMV this year.
This year starting has been very good. Till date startup companies have raised close to 300m USD from various investors. http://15.206.81.253/2016/01/startups-that-got-funded-this-week1/
WHICH COMPANIES CAN SHOPCLUES ACQUIRE?
Fashion
Shopclues is weak at fashion segment where its competitors flipkart and snapdeal got good edge over them with myntra and exclusively.
Logistic
They might look at logistic partners who can enhance and fasten their distribution
Analytics
Analytics have become core part of eCommerce. Optimizing and understanding user behavior and conversion rate will be crucial. Shopclues might look at acquiring one in this segment
Wallet
As wallet economy is picking very fast they might look at wallet companies to enhance their business penetration.
Recommended for you
Leave a Reply
Leave a Reply
This site uses Akismet to reduce spam. Learn how your comment data is processed.
