AprameyaAI • 1y
ShopClues, once a promising Indian e-commerce startup, faced a spectacular downfall Short case study for Medial-os! - Fierce competition from Amazon and Flipkart left ShopClues in the dust. They just couldn’t keep up with the big players. - Lost its unique edge by expanding into mobile phones and electronics, where it simply couldn’t compete. - Sold low-quality, counterfeit products, tarnishing its reputation. - Internal scandals and leadership drama, including founder spats, hurt its public image. - Failed to raise enough funds. Investors turned their attention elsewhere. - Founder Sandeep Aggarwal left in 2014, taking his guidance with him. By 2019, ShopClues was sold to Qoo10 for a mere $70-100 million, a shadow of its former unicorn status. -- found it interesting ? Let's connect -- 📌 I'm dev, 17 yo CEO at Impact, crossed 2.5 million AGR as of 2023-24' and currently building Just± - the business application for startup and msme's 🦄
Founder-Hexpertify.c... • 1y
“How the Founder’s Divorce made the company fail ” Billions To Bankruptcy #10 ShopClues was founded by husband-wife duo Sandeep Aggarwal and Radhika Aggarwal in 2011.They quickly gained traction by targetied India’s Tier 2 and Tier 3 markets which
See MoreFounder & Editor of ... • 10m
Telegram generated $342.5 million in 2023, with over 40% coming from cryptocurrency transactions, including its integrated wallet and the sale of collectibles. Telegram sold $243.5 million worth of Toncoins before a price drop, demonstrating active
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