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Shopclues History

ShopClues was founded in January 2011 when Sandeep wrote a business plan in Silicon Valley. The company was incorporated in Delaware in June 2011 and the technology platform was developed. In November 2011, ShopClues launched in closed beta through social media with a team of 10. By the end of 2012, ShopClues had shipped over 500,000 items, reached over 1 million visitors per month, and ranked among the top 3 e-commerce sites in India. By the end of 2013, ShopClues had shipped over 1 million products total, reached over 5 million monthly visitors, and had over 25,000 merchants on the platform.

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Rahul Veldhana
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154 views3 pages

Shopclues History

ShopClues was founded in January 2011 when Sandeep wrote a business plan in Silicon Valley. The company was incorporated in Delaware in June 2011 and the technology platform was developed. In November 2011, ShopClues launched in closed beta through social media with a team of 10. By the end of 2012, ShopClues had shipped over 500,000 items, reached over 1 million visitors per month, and ranked among the top 3 e-commerce sites in India. By the end of 2013, ShopClues had shipped over 1 million products total, reached over 5 million monthly visitors, and had over 25,000 merchants on the platform.

Uploaded by

Rahul Veldhana
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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Shopclues history

07th JanuarySandeep writes a business plan for ShopClues.com in Silicon


Valley
FebruaryTechnology development starts in Silicon Valley; Self funded
operations
Mar to Jun:Radhika and Sanjay join the team
JuneSandeep quits his full-time job on Fathers day; Company incorporates
in Delaware; Radhika moves to India to start India office
JulyMrinal joins the team; Technology platform is ready
AugustAngel round is raised
August to SeptemberTeam moves to India and starts operating from
Sandeeps apartment in Gurgaon
OctoberShopClues.com moves to an office in Gurgaon; technology and
operations being developed
November 21stShopClues.com launches under closed beta only via social
media; Team size 10
2012
January 26thShopClues.com launches its public beta; 14k in Alexa ranking
FebruaryReaches 100k Facebook Fans; Team size 25; Raised Series A
MarchStarted Jaw Dropping & Outrageous Deals; Sold 10k Adidas
Deodorants in 10 hours
AprilReached 200k Facebook Fans; Sold 10k Adidas Deo in 10 hours
MayShipped the 50,000th item; Team size 50; Came out of beta; Touched
1mm visitors
JuneShips the 100,000th item; ShopClues out of beta; Team size 100+; Ranks
among the top 3 E-Commerce Sites in India by a large & popular online
community of online shoppers; 400 in Alexa ranking
JulyShipped over 50k products in single month, Opened fulfillment center in
Mumbai; 250 in Alexa ranking; Reached 4k cities since inception

AugustCatalog size crossed 100k unique products; Started offering EMI; 220
in Alexa ranking, reached 5k cities since inception
SeptemberLaunched Store Manager 2.0 for merchants; Reached 500k
Facebook Fans; Reached 2mm visitors for the month; 190 in Alexa ranking,
Reached 6k cities since inception
OctoberShipped over 100k products in single month, Team size crossed 150;
170 in Alexa ranking, Reached 7k cities since inception
NovemberTotal merchant sign-up crosses 5k; Ships 500,000th item
DecemberShips over 4k daily orders; Alexa ranking 130 (1,890 in global
Alexa ranking); Launches Like a Store feature; Reaches 7k+ cities in India
from the start; 730k Facebook Likes; Crosses 3mm monthly visitors; Team
size 200+
2013
JanuaryCelebrates 1st year anniversary (since public launch); Closes Series
B; 124 Alexa ranking
FebruaryShips 1 million products since inception, receives two awards for
being among the best E-Commerce Sites in India; crosses 900k fans at
Facebook; crosses 5kdaily orders; 100 Alexa ranking
MarchOver 6k daily orders; crosses 5 million monthly visitors; 100 Alexa
ranking (global top 1,500); reaches 9k cities since inception; over 25 million
pages viewed
April90 Alexa ranking; team size 250+; 8k+ total merchants; Fashion
becomes the largest category first time; catalog crosses over 250k+ products
and 1 million + SKUs
May1 million Facebook fans for ShopClues
June1st ShopClues Seller Summit successfully held at Delhi
July12,000 merchants; 1.4mn SKUs; Rs.4500 crore listed merchandise value;
nearly 1000 listing categories; new category Footwear
AugustLakshadweep merchant sets up shop ShopClues now has a merchant
in every Indian state or UT

SeptemberLaunch of National Retail Heritage featuring iconic marketplaces


of India
OctoberSanjay Sethi appointed new CEO; ShopClues.com moves to new
office in Gurgaon; team size +400
NovemberRecords bumper sale during festive season
DecemberReports gross margin positive break even by Q1 2015
2014
JanuaryCelebrates 2nd year anniversary (since public launch); 57 Alexa
ranking. 1.3 million FB fans, 32,000 merchants, Rs.350cr in GMV
FebruaryShopClues launches revolutionary Express Checkout feature
MarchShopClues launches Indias first Wholesale Marketplace

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