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.
Have you signed up for Primo, our daily newsletter?
It has all the stories and data on the market, business, economy and tech that you need to know.
THANK YOU! You made our day. See you every morning
YOUR EMAIL IS ON ITS WAY. Check your inbox for future updates.
To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more