Shopclues in talks with Temasek & Steadview Capital for investment purpose
BANGALORE: Online marketplace
Shopclues is in talks with investors to raise Rs450-600 crore ($75-100
million), according to two people close to the discussions.
The three-year-old company has so far raised over Rs90 crore (about $15
million) from investors including Helion Venture Partners and Nexus Venture
Partners.
"The company is in talks with a few Asian private equity funds and
sovereign wealth funds who already have invested in Indian ecommerce firms
before," said one o .. said one of the persons quoted earlier.
"Shopclues aims at raising between $75 million and $100 million (Rs450 to
600 crore) in this round."
Singapore government's invest ment arm Temasek and Hong Kong-based hedge fund
Steadview Capital are among the investors the company is negotiating with, the
other person said.
Shopclues declined comment on the talks. The company's cofounder, Sanjay Sethi,
however, said, "We our expanding our categories, number of merchants and
investing ..
The three-year-old company has so far raised over Rs90 crore (about $15 million) from investors including Helion Venture Partners and Nexus Venture Partners.
"The company is in talks with a few Asian private equity funds and sovereign wealth funds who already have invested in Indian ecommerce firms before," said one o .. said one of the persons quoted earlier. "Shopclues aims at raising between $75 million and $100 million (Rs450 to 600 crore) in this round."
Singapore government's invest ment arm Temasek and Hong Kong-based hedge fund Steadview Capital are among the investors the company is negotiating with, the other person said.
Shopclues declined comment on the talks. The company's cofounder, Sanjay Sethi, however, said, "We our expanding our categories, number of merchants and investing ..
anand maurya
pgdm-3sem
BANGALORE:
Online marketplace Shopclues is in talks with investors to raise
Rs450-600 crore ($75-100 million), according to two people close to the
discussions.
The three-year-old company has so far raised over Rs90 crore (about $15 million) from investors including Helion Venture Partners and Nexus Venture Partners.
"The company is in talks with a few Asian private equity funds and sovereign wealth funds who already have invested in Indian ecommerce firms before," said one o ..
The three-year-old company has so far raised over Rs90 crore (about $15 million) from investors including Helion Venture Partners and Nexus Venture Partners.
"The company is in talks with a few Asian private equity funds and sovereign wealth funds who already have invested in Indian ecommerce firms before," said one o ..
Read more at:
http://economictimes.indiatimes.com/articleshow/43180938.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst
http://economictimes.indiatimes.com/articleshow/43180938.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst
BANGALORE:
Online marketplace Shopclues is in talks with investors to raise
Rs450-600 crore ($75-100 million), according to two people close to the
discussions.
The three-year-old company has so far raised over Rs90 crore (about $15 million) from investors including Helion Venture Partners and Nexus Venture Partners.
"The company is in talks with a few Asian private equity funds and sovereign wealth funds who already have invested in Indian ecommerce firms before," said one o ..
The three-year-old company has so far raised over Rs90 crore (about $15 million) from investors including Helion Venture Partners and Nexus Venture Partners.
"The company is in talks with a few Asian private equity funds and sovereign wealth funds who already have invested in Indian ecommerce firms before," said one o ..
Read more at:
http://economictimes.indiatimes.com/articleshow/43180938.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst
http://economictimes.indiatimes.com/articleshow/43180938.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst
BANGALORE:
Online marketplace Shopclues is in talks with investors to raise
Rs450-600 crore ($75-100 million), according to two people close to the
discussions.
The three-year-old company has so far raised over Rs90 crore (about $15 million) from investors including Helion Venture Partners and Nexus Venture Partners.
"The company is in talks with a few Asian private equity funds and sovereign wealth funds who already have invested in Indian ecommerce firms before," said one o ..
The three-year-old company has so far raised over Rs90 crore (about $15 million) from investors including Helion Venture Partners and Nexus Venture Partners.
"The company is in talks with a few Asian private equity funds and sovereign wealth funds who already have invested in Indian ecommerce firms before," said one o ..
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