Beenos-backed e-commerce service ShopClues is reportedly targeting up to $150m of series E funding and plans to invest $50m in startups.
ShopClues, an India-based online marketplace backed by e-commerce company Beenos, is in the process of raising between $100m and $150m for its series E round, DealStreetAsia reported yesterday.
ShopClues expects to secure the money within the current financial year, the company’s CEO and co-founder Sanjay Sethi revealed. It aims to spend approximately $50m on investments in, or acquihires of up to eight startups.
The company intends to invest in companies operating in the hyperlocal, adtech and digital payment processing sectors,…
