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Shopclues History

Shopclues History
1999-2010
Sandeep Aggarwal made several attempts to be an entrepreneur but none of them worked
2010
September
Sandeep Aggarwal launches research coverage for MakeMyTrip and visited India several time from Silicon Valley
December
Sandeep Aggarwal’s vision kept on expanding and idea morphed into ShoppingClues.com
October
Sandeep Aggarwal started moonlighting with an idea called DealsClues.com
2011
January 7th
Sandeep Aggarwal starts writing the business plan for ShopClues.com during a flight from NCR to Bangalore
Feburary:Radhika Ghai Aggarwal (Sandeep Aggarwal’s wife) joins ShopClues.com part time to assist Sandeep Aggarwal.
March:Technology development starts.
June:Sandeep Aggarwal quits his full-time job on Father’s Day in June 2011; Sandeep Aggarwal incorporates ShopClues (Clues Network Inc.) with him as the single officer company in Delaware.
July:Mrinal Chaterjee joins as the founding team member; Technology platform is almost ready; team operates from Sandeep Aggarwal’s house in Silicon Valley; Radhika Ghai Aggarwal joins as second full time employees, as VP of marketing.
August:Sandeep Aggarwal by himself raises $1.95mil. angel round from his friends & social circle; Sanjay Sethi joins as the third employee of the ShopClues as VP of Product (though handled Operations). Chandan Sharma starts as the first engineer from Mumbai
Aug to Sep:Sandeep Aggarwal’s created Silicon Valley team moves to India and starts operating from Sandeep Aggarwal’s apartment in Gurgaon in Uniworld City.
October:ShopClues.com moves to an office in Gurgaon; Devesh Rai joins as founding team and VP of Business Development
Nov. 21st:
ShopClues.com launches as the 35th entrant into Indian E-Commerce under closed beta only via social media; Under Sandeep Aggarwal’s leadership, ShopClues became the first managed marketplace in India, first marketplace to offer fulfillment as a service (ShopClues Velocity) and loyalty points (Clues Bucks) and Buyer Protection with payment escrow type mechanism and detailed seller ratings and reviews; Sandeep Aggarwal personally spent nearly a year to create a very advanced and scalable platform to empower 15 million SMEs who are involved in retail; Team size 10
2012
January 26th
ShopClues.com launches its public beta; 14k in Alexa ranking
Feburary:Reaches 100k Facebook Fans; Team size 25; Raises Series A round of funding
March:Starts Jaw Dropping Deal & Outrageous Deal; Sells 10k Adidas Deodorants in 24 hours
April:Reaches 200k Facebook Fans; Sells 10k Adidas Deo in 10 hours
May:Ships the 50,000th item; Team size 50; Touches 1mm monthly visitors
June:Ships the 100,000th item; ShopClues out of beta; Team size 100+; Ranks among the top 3 E-Commerce Sites in India by a large & popular online community of online shoppers; 400 in Alexa ranking
July:Ships over 50k products in single month, 250 in Alexa ranking, Reaches 4k cities since inception
August:200 in Alexa ranking; Crosses 3k merchants; Launches EMI
September:Launches Store Manager 2.0; Catalog size crosses 100k products; 500k Facebook Likes; Crosses 2 million monthly visitors
October:Exceeds 100k orders for the month; Over 1k brands; Launches Gift Wrap service
November:Total merchant sign-up crosses 5k; Ships 500,000th item
December:Ships over 4k daily orders; Alexa ranking 130 (1,1590 in global Alexa ranking); Launches Like a Store feature; Reaches 7k+ cities in India from the start; 730k Facebook Likes; Crosses 3mm monthly visitors; Team size 200+. Sandeep Aggarwal raised Series B for ShopClues with an amount of $10mn led by Helion.
2013
January
Celebrates 1st year anniversary (since public launch); 124 Alexa ranking; ShopClues is ranked among the 5th largest E-Commerce companies in India
March
Over 6k daily orders; crosses 5 million monthly visitors; 100 Alexa ranking (global top 1,500); reaches 9k cities since inception; over 25 million pages viewed
Febuary
Ships 1 million products since inception, receives two awards for being among the best E-Commerce Sites in India; crosses 900k fans at Facebook; crosses 5kdaily orders; 100 Alexa ranking
April
90 Alexa ranking; team size 250+; 15k+ total merchants; Fashion becomes the largest category first time; catalog crosses over 250k+ products and 1 million + SKUs
May:1 million Facebook fans for ShopClues
June:Sandeep Aggarwal decides to host 1st ShopClues Seller Summit successfully held at Delhi; Sandeep Aggarwal finalizes new office for ShopClues.com & designed the entire office by himself.
July:12,000 merchants; 1.4mn SKUs; Rs.4,500 crore listed merchandise value; nearly 1000 listing categories; new category Footwear; Y/Y growth north of 650% (probably the fastest in India).
Sandeep Aggarwal visited United States and met 6-8 investors and planned to raise Series C for ShopClues at a valuation between $150-225 mn
(ShopClues was up nearly 10times for series b term Sheet)
August:Lakshadweep merchant sets up shop – ShopClues now has a merchant in every Indian state or UT
September:Launch of National Retail Heritage (NRH) featuring iconic marketplaces of India e.g Nai Sadak
October
Sandeep Aggarwal steps down as the CEO to deal with his personal situation, recommends the board to hire Sanjay Sethi as the new CEO, gives his board seat nomination to Radhika Ghai Aggarwal(his wife) and continues to provide vision, mentorship, guidance.
2016
January 2016
ShopClues became 5th Unciron in India in consumer Internet and 43rd globally: Sandeep Aggarwal remains the largest individual shareholder of the company.