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Jaswanth Jegan

Stealth • 7m

“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 were underserved by Bigger players. ShopClues had over 700K small merchants and catalog of 40 mn products in 2016 they raised Series E round in a valuation of $1 billion making it a unicorn. In 2017 Sandeep made public allegations against his wife Radhika accusing her of having an affair with ShopClues CEO Sanjay Sethi and forcing him out of the company.This public dispute damaged ShopClues reputation and contributed to loss of investor confidence. Due to intense competition from Flipkart and Amazon they lost their market share from 5 to10% to 0.5 % by 2019.Shopclues laid 200 employee and struggled to pay its vendors. In late 2019, ShopClues was sold to Qoo10 for 70 to 100 million dollars which was once valued at 1 Billion Dollar.

20 replies12 likes

Replies (20)

Anonymous 9

Stealth • 7m

Maybe they could have changed the CEO and kept everything private... That would might not had helped anyway because the leadership team is distracted

0 replies1 like

Anonymous 6

Stealth • 7m

A woman cost Jeff Bezos $38.3 billion.🥲

2 replies5 likes

Anonymous 5

Stealth • 7m

Investors hate uncertainty. When the founders are at odds, especially in such a public way, it shakes investor confidence and can lead to a loss of funding and support. Sugar is always at risk for the same reason

2 replies1 like

Anonymous 4
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Wipro • 7m

Great cover! Didn’t know this.

1 replies1 like

Anonymous 3

Stealth • 7m

This is a classic example of how important it is to separate personal and professional lives. The allegations and public disputes not only distracted the leadership but also tarnished the company’s image. Competitors like Flipkart and Amazon probably capitalized on ShopClues’ instability.

2 replies1 like

Anonymous 2

Stealth • 7m

This is why relationships should never be involved in business

1 replies1 like

SHIV DIXIT

Stealth • 7m

🥲 That's why go for uneducated and innocent village girls. These new generation girls are very dangerous and they all are just think about enjoyment.

3 replies3 likes

Anonymous 1

Stealth • 7m

Relationships can be dangerous in businesses 💯

1 replies1 like

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