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Sanjay Sethi

ShopClues narrows losses to Rs 68.58 cr in 2018-19

E-commerce platform ShopClues narrowed its losses to Rs 68.58 crore in the year ended March 2019 compared to the previous financial year. According to a PTI report: The company, which is registered as Clues Network, had registered a loss of...

ShopClues partners with Japanese budget lifestyle brand Miniso

India’s largest managed online marketplace ShopClues, which delivers to over 39,000 pin codes, has kept up with the changing demands of its Tier III/IV customers by announcing a tie-up with much sought after Japanese budget lifestyle brand Miniso. “As a...

India Inc reacts to easing of local sourcing norms in single brand retail

Finance Minister Nirmala Sitharaman on Friday presented her maiden budget and the first of the Modi Government in its second term. She announced that FDI inflows into India have remained robust despite global headwinds. “Global FDI flows slid by 13 percent...

Clues Network launches reseller platform EzoNow; eyes US$ 48-60 bn reseller market

Clues Network Pvt. Ltd, that owns and operates the e-commerce marketplace ShopClues.com, has launched EzoNow, its first social reseller platform. The move is expected to enable the firm to grab a big pie of the dynamic online reseller space...

Homegrown e-commerce players form group

Several Indian e-commerce players, including Snapdeal, Shopclues and Urbanclap, formed an association of their own, The E-Commerce Council of India (TECI), on Wednesday to put forward the industry's views before the government besides working with other stakeholders. Fynd, Shop 101,...

Snapdeal, Shopclues support Feb 1 deadline for e-commerce FDI rules

Smaller e-commerce players like Snapdeal and ShopClues have written to the Government opposing any move to extend the February 1, deadline for online marketplaces to comply with FDI rules, and urged that pressure for such relaxations need to be...

ShopClues raises US $16 million; expects break-even by Diwali

E-commerce platform ShopClues has raised US $16 million (about Rs 110 crore) this year from some of its existing investors as part of an internal round and is hopeful of reaching break-even by Diwali this year, according to an...

Walmart e-entry makes India attractive to global majors: Experts

The whopping US $16-billion mega deal by global retail giant Walmart with the country's leading e-tailer Flipkart for majority stake makes India an attractive destination for global majors in the digital space, industry experts said on Wednesday. Kishore Biyani, CEO,...

ShopClues narrows losses to Rs 208 cr in 2017-18

Online marketplace ShopClues has narrowed its losses to Rs 208 crore for the year ended March 2018 compared to the previous fiscal. The company had a total loss of Rs 333 crore in 2016-17, a ShopClues spokesperson told PTI. The total...

ShopClues sees 60 pc revenue growth; eyes profits in 12-18 months

E-commerce platform ShopClues said its revenues have grown by 60 percent this fiscal, while losses have been trimmed by almost 40 percent compared to the previous year as it focusses on growing business from categories like fashion and strengthening...
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The Luxottica report card for 2022

A look at how the world’s largest eyewear company fared in terms of revenue growth in key regions across...
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