Business 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. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.