Bhargav Agravat

2024-10-26T11:40:52.043Z

🚨 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.

iOS Developer

Joined 22 March 2024

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iOS Developer with 1.5 years of experience specializing in SwiftUI, UIKit, Swift, and Objective-C. Successfully completed over 5 projects using SwiftUI and updated more than 3 projects in Objective-C. •Demonstrated

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2 years 3 months

DUAINFOTECH

IOS Developer

Aug 2022 - Current

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GUJARAT TECHNOLOGICAL UNIVERSITY

Aug 2020 - Apr 2023

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