Gurgaon-based Shopclues is one of India’s rising home-grown e-commerce stars. It is valued at over $1 billion. That makes it a member of the coveted unicorn club. Unicorn is the fanciful term used by venture capitalists for technology start-ups privately valued at a billion dollars or more. And, this week, Shopclues in the news for being a potential acquisition target for Chinese e-commerce giant Alibaba.
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