Avendus Capital Advises Shopclues.com on Its $100 mn Fund Raise LED by Tiger Global.

“ShopClues has emerged as the leading marketplace of choice for the millions of small and local businesses seeking to reach mass consumers in India’s tier 2 and tier 3 cities. The team has done a great job aggregating the country’s largest online catalog of regional and local brands and we  are excited to partner with ShopClues as it expands its offerings.”

“So far we have brought 100,000 sellers and 10 million products to the online domain. We will continue to build technologies & services to enable and empower retailers to participate in the eCommerce revolution that is happening in India. ShopClues levels the playing fields for SMBs to compete with other organized retailers both in the online and offline space”
 

“In Tiger Global, we found a strategic partner who showed confidence in our capability to operate the country’s largest marketplace for the masses – be it the millions of small merchants wanting to sell online or the vast pool of shoppers in tier 2/3 towns looking for access to the products and categories that they never had before.”

“ShopClues is disrupting the e-commerce landscape by aggregating the highly fragmented, and extremely underpenetrated unstructured categories which are dominated by millions of small merchants.”