India’s ShopClues joins Unicorn club with Series E funding led by GIC

Rival e-commerce companies Flipkart and Snapdeal are already in the billion dollar club

Radhika Aggarwal, Chief Business Officer and Co-founder of ShopClues

Amid market concerns and criticism that Indian e-commerce companies are overvalued, ShopClues has raised an undisclosed amount in Series E round of funding led by Singapore’s sovereign wealth fund GIC, which “believes in the strong growth potential of India’s e-commerce industry”.

With this, the Gurgaon-based managed...

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