Tag: Qoo10 Acquires Shopclues

Shopclues acquired by Qoo10, in an all-stock deal

Gurugram-based e-commerce company ShopClues is being acquired by Singapore’s Qoo10 in an all-stock deal. It is learnt that the deal valued ShopClues at $70-100 million. This valuation of Shopclues, is a serious low from its peak, during close of year 2015, when it was valued at $1.1 billion. The company achieved a billion dollar valuation…