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Why ShopClues Failed? Authenticity Issues: ShopClues aimed to provide urban products to rural & suburban customers, but complaints about counterfeit items damaged trust & hurt the brand’s reputation, undermining their good intentions. Quality Concerns: ShopClues faced backlash not only for counterfeit products but also for poor quality. Despite offering discounts, customers were disappointed with subpar items. Common issues included scams, delayed deliveries, & refund difficulties, exacerbated by unhelpful or poor customer support. Internal Controversies: Scandals surrounding founder Sandeep Agarwal, including insider trading allegations & public fights with his estranged wife, distracted from business & damaged the company’s reputation. Increased Competition: Major players like Amazon & Flipkart built consumer trust and captured market share, while ShopClues failed to differentiate itself, resulting in a loss of relevance and customers. What you learn from their mistake? Comment
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
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Why Do Most Startups Fail? A. No Market Need... B. Running Out of Cash... C. Weak Business Model.... D. Bad Team.... E. Tough Competition.... F. Pricing Issues... G. Poor Marketing... H. Ignoring Customers.. I. Scaling Too Fast... J. Legal & Regulat
See MoreTrivias Around start... • 8m
🚨 Drama Alert: ShopClues Founder Files FIR Against Wife & CEO! Sandeep Aggarwal, the founder of ShopClues, just dropped a bombshell by filing a First Information Report (FIR) against his estranged wife, Radhika Aggarwal, and the company’s CEO, Sanj
See MoreFounder & CEO | Fits... • 1m
Why Do Startups Shut Down? Here are the most common reasons (from multiple studies like CB Insights): 1. No Market Need (35–42%) The product or service doesn’t solve a real problem or nobody wants it. 2. Ran Out of Cash (30–38%) Poor financial p
See MoreFounder - Burn Inves... • 4m
Byju's is making significant efforts to save itself, but nothing seems to be working. You can rectify a company's poor performance once, but if its reputation is tarnished, it may never recover. Byju's has failed badly in this regard. Their customer
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