Back

Medial Startup Trivia

Trivias 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, Sanjay Sethi. Spoiler alert: it involves forgery, cheating, and a whole lot of family drama! What’s the Story? So here’s the scoop: Sandeep claims that while he was off dealing with some serious legal issues in the U.S., Radhika and Sanjay were allegedly plotting to kick him out of his own company. Yes, you heard that right! He accuses them of tampering with company documents and trying to steal his voting rights—like some sort of corporate heist movie! Who’s Who in This Drama? - Sandeep Aggarwal: The original founder who started ShopClues back in 2011. Think of him as the main character who just wants to reclaim his throne. - Radhika Aggarwal: Sandeep’s wife and current Chief Business Officer at ShopClues. She’s like the plot twist you never saw coming! - Sanjay Sethi: The CEO who’s caught in the middle of this family feud. He’s basically the friend who shows up to a party only to find out it’s a breakup bash. The Company Drama The backdrop of this family fight is ShopClues’ rocky financial journey. Once valued at over $1 billion, the company has seen its revenue tumble faster than Dolly Chaiwallas popularity. In FY2020, ShopClues reported a revenue drop to just INR 97 crore, down 53% from the previous year. Talk about a nosedive! Their losses have also been significant; after peaking at INR 208 crore in FY2018, they managed to cut down losses to INR 51.5 crore in FY2020 through aggressive cost-cutting measures. But let’s be real—losing money is still losing money. And if that wasn’t enough, their expenses have been slashed by 60%, indicating some serious belt-tightening as they struggle to keep up with competitors like Flipkart and Amazon. The Way Forward As this legal saga continues, ShopClues needs to step up its game to maintain its reputation and keep investors happy. For Sandeep, this FIR is his battle cry to reclaim his influence. For Radhika and Sanjay, it’s time for some serious PR work to clear their names. So there you have it—a wild ride through corporate drama that feels more like a reality show than business news! Stay Updated. Stay Informed. Stay Ahead. Share the Medial App with your network, colleagues, and friends. Let's brainstorm, discuss together and help each other achieve our goals. And don't forget to rate us on the iOS App Store and Google Play Store to help us reach even more amazing people like you.

3 replies28 likes
5
Replies (3)

More like this

Recommendations from Medial

Image Description
Image Description

Jaswanth Jegan

Founder-Hexpertify.c... • 12m

“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 More
20 replies12 likes
2
Image Description

Inactive

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

See More
1 replies8 likes
Image Description
Image Description

Wild Kira

/Internet_ • 8m

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 Conce

See More
7 replies11 likes
2

Anuj Wadhwa

Founder And CEO' of ... • 15d

This is the letter Feynman wrote to his dead wife. As a Feynman fanboy, it truly hurts to the core😔

0 replies3 likes
Image Description
Image Description

Shuvodip Ray

 • 

YouTube • 1y

Delhi High Court directed former BharatPe MD Ashneer Grover and his wife Madhuri Jain to furnish Rs 80 crore as security before travelling to the US

4 replies5 likes
Image Description
Image Description

Akshat kumar Jain

Front end developmen... • 1y

From Bust to Billions: Sandeep Maheshwari's Rollercoaster Ride to Success Sandeep Maheshwari's story isn't your typical rags-to-riches fairytale. It's a rollercoaster packed with bankruptcies, bad decisions, and relentless perseverance. Yet, agains

See More
2 replies2 likes

Ayush gandewar

Just go with the flo... • 1m

The fast delivery took a life of an delivery rider it is more dangerous his family has no security now or then his kids amd his wife has to take a step and start earning for the family if we think what will be the impact on a child who was forced to

See More
0 replies14 likes

Download the medial app to read full posts, comements and news.