India: ShopClues on shopping spree, to invest $50m in buying startups to scale up

India: ShopClues on shopping spree, to invest $50m in buying startups to scale up

Sanjay Sethi and Radhika Aggarwal, founders of ShopClues. Photo: Sneha Srivastava/Mint

Online shopping platform ShopClues.com is looking to invest close to $50 million in either buying stakes or acquiring as many as eight start-ups to accelerate expansion in India’s fast-growing e-commerce market.

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