Indian E-commerce Platform Shopclues Claims $1.1B Valuation After New Funding, Plans IPO

 Indian e-commerce company Shopclues has raised a Series E that the company says boosts its valuation to $1.1 billion. The round was led by GIC, the Singaporean government’s sovereign wealth fund, with participation from returning investors Tiger Global and Nexus Venture Partners. Shopclues says that this is the last round of venture capital it will raise before holding an initial… Read More

http://ift.tt/1nf03YM Indian E-commerce Platform Shopclues Claims $1.1B Valuation After New Funding, Plans IPO http://ift.tt/1RjLfEL