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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.
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. [36] In April 2012, Delhi-based online sports goods retailer eSportsBuy.com was acquired. [37] This was followed by the acquisition of Shopo.in in 2013, which is a customer-to-customer (C2C) e-commerce ...
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