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ShopClues stares at shutdown after severe financial crunch, more layoffs in the pipeline

Updated : July 23, 2019 03:27 PM IST

The talks between Snapdeal and ShopClues fell through after a due diligence report on ShopClues threw up red flags.
The company, founded in 2011, has raised over $250 million from Tiger Global, GIC Singapore, Nexus Venture Partners and Helion Ventures. 
ShopClues stares at shutdown after severe financial crunch, more layoffs in the pipeline

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