ShopClues Celebrates Achievement of 10,000 Merchants

Online, June 17, 2013 (Newswire.com) - ShopClues, a managed marketplace, hosted its Seller Summit in New Delhi. Nearly 150 merchants representing over 65 listing categories attended this Seller Summit.

The idea behind the Seller Summit was to celebrate the success merchants have achieved on ShopClues marketplace platform. In January 2012, ShopClues had close to 10 merchants and by end of May 2013, the merchant base reached 10,000 merchants. These 10, 000 merchants operate in nearly 928 listing categories, generating on monthly nearly 300k orders over Rs. 20 crores in gross revenue and M/M growth of 10% to 15%. This was the first time any E-Commerce hosted an event like this for its merchant community.

"Our merchant community has come long way with merchant of all sizes hailing from all States and Union Territories in India (except for Lakshadweep). ShopClues is a marketplace platform that helps small-and-medium merchants to embrace E-Commerce and sell online with their own branded online store at ShopClues, so brining our Merchant community together and celebrate their success made sense for us, "said DeveshRai, VP Business Development.

"ShopClues has built India's largest community of merchants that sell online in a managed marketplace environment. It was great to speak with hundreds of merchants' about the things that are working well for them at ShopClues platform and getting feedback for the areas where we can improve was a great experience", said Sandeep Aggarwal, Founder and CEO of ShopClues.com

About ShopClues
Founded in July 2011 in Silicon Valley, ShopClues.com is India's first and the largest fully managed marketplace that connects buyers and sellers online and offers a trusted and safe online shopping experience. ShopClues is among the fastest growing E-Commerce destinations in India. Renowned Wall Street Internet analyst Sandeep Aggarwal along with a core team from Silicon Valley founded ShopClues. ShopClues core team has more than 75 years of combined experience in Internet, technology and retail primarily in Silicon Valley with some of the best in breed companies such as Microsoft, eBay, Nordstrom, Oracle etc. More than 7 million people visit ShopClues.com every month and ShopClues has served nearly 9,000 cities, towns and villages in India. ShopClues.com offers nearly 1.2 million SKUs, over 2,750 global & domestic brands, and thousands of online stores from brands or retailer across 900+ listing categories. ShopClues is funded by leading institutional investors and has 330+ employees in India, based out of Gurgaon, New Delhi, Mumbai, and Vadodara.