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ShopClues is an Indian online marketplace, owned by Clues Network Pvt. Ltd. [2] The company was established in July 2011 by Sanjay Sethi, Sandeep Aggarwal and Radhika Aggarwal. [ 3 ] [ 4 ] In 2015, ShopClues was valued at US$1.1 billion, [ 5 ] with Tiger Global , Helion Ventures, and Nexus Venture Partners as major investors. [ 2 ]
Aggarwal was born to an Army family. Her father was in the Indian Army while her mother was a dietician. Her entrepreneurial venture started when her father decided to start his own health club in 1992, followed by the establishment of her own advertising agency in Chandigarh in 1997.
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An FIR of forgery to usurp Shopclues from Sandeep Aggarwal and the subsequent misappropriation of funds was filed against Sanjay Sethi. [8] However, Delhi High Court soon passed an interim order forbidding any coercive action against Sanjay. [9] Sanjay also faced a defamation suit from Sandeep Aggarwal in March 2017. [10]
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In June 2010, Snapdeal's holding company Jasper Infotech acquired Bengaluru-based group buying website Grabbon.com for an undisclosed amount. [41] In April 2012, Delhi-based online sports goods retailer eSportsBuy.com was acquired. [42] This was followed by the acquisition of Shopo.in in 2013, which is a customer-to-customer (C2C) e-commerce ...