Exclusive: The Shopcloser Shop, set to join the Unicorn Club, ensures access to more than $ 100 million in Round E

Update: Shopclose Confirms Increase in Funds Did not disclose the amount of capital collected. The Singapore-based Gulf Investment Company (GIC) led the investment, which is worth more than $ 1.1 billion.

Collected ShopClues Gurgaon is based on the city of more than 100 million e-round Singapore-based funds led by $ million. > videosix source familiar to deal discussions. Existing investors also participated in the round. Sources also confirmed that the value of the project supported by Tiger Global is about $ 1 billion.

videosix ShopClues and Tiger Global have not received an e-mail message for any feedback.

After Flipkart and Snapdeal and Paytm, the fourth Unicorn e-Commerce will be ShopClues locally from the area. The company is also hoping to reach $ 1 billion in GMV by the end of this financial year. According to sources, Shopcloses will announce this tour soon. Everyone who spoke on condition of anonymity confirmed, “Round in the range of $ 100 million”.

ShopClues collect $ 100 million in the D series led by a tiger last January . The most important thing is that the valuation of the company has nearly tripled in this period. In the recent funding round, shopcloses cost $ 350 million. Other investors include Helian Venture Partners and Nexus Venture Partners.

According to the company statement with the corporate affairs ministry, the company’s revenues to 79 crore in the last financial year, about 31 million losses in fiscal year 2014, during the same period, between 38 million and 100 Amount in comparison to the amount reached.

Sandeep Agarwal, Radhika Agarwal and Sanjay Sethi were launched in 2011, ShopClues claims this is the first company to promise “successful market model” in India. Currently, the company is on a business platform Owner of more than Vendor.

Other markets, which focus on mobile devices, electronics, computers, fashion brands, non-organized groups, revenue for two-thirds of their products. Contrary to the ShopClues focus. In the past year, collected Paytm 500 million dollars from Alibaba attracted $$$ Snapdeal $ 500 million, and is headed by Alibaba Foxconn.

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The entry of the Unicorn Club, especially the company horizontal e-commerce, when it comes to market such as Flipkart and Sndjabdel and Amazon It is not easy to control the veterans, like Paytm, ShopClues also have their status in the industry. By establishing large retail online sales, focusing on the long tail of products, with at least 5000 TVs from Dung Cake havankund, by taking eager ShopClues to ensure your competitiveness. This tour will help strengthen the ShopClues and maintain its leading position in such categories where the organization is strongly competing with Paytm funded and Alibaba Snapdeal.

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