ShopClues.com's $100 Million Round Latest Among Large eCommerce Funding Rounds

Posted in: Company Lists, Sector and Company Insights, flipkart, snapdeal, best deals, computer and laptop, e-commerce, ebay, Egully, fashion apparels, gifts online, India's largest online marketplace, latest mobiles phone, lowest price shop, Numerex, OLX, online shopping store, Shopclues.com, finance, funding information

Headquarted in India, ShopClues.com raised $100 million in funding last week. ShopClues.com's online marketplace has attracted more than 85,000 merchants offering more than 10 million items to more than 5 million users.

e-commerce's Face Constantly Changing Due to These Game Changers

At DataFox, we compile and curate watchlists across sectors, regions, and popular lists of top companies (e.g., High Growth eCommerce). We feature ShopClues.com and 6 other private and public companies trying to increase or just maintain their piece of the e-commerce market:

ShopClues.com last week raised $100 million in Series D funding, the largest funding round to date for the managed marketplace site. ShopClues.com has received a total of $116.2 million in funding through five rounds of funding. This latest funding round brings ShopClues.com’s valuation to $350 million. Tiger Global Management led the funding round.

eBay is an online auction and e-commerce platform and marketplace that enables people and businesses to buy and sell a wide variety of goods and services worldwide. Part of eBay’s success has come from PayPal. However, that’s soon to end as last year eBay announced that it would separate eBay and PayPal into independent, publicly traded companies this year. Then last week, an announcement from eBay that an agreement had been reached with one of its largest investors led to speculation that eBay is laying the groundwork for a future acquisition of eBay and PayPal by companies looking to tap the e-commerce and online payments markets.

  • DataFox Score: 1198
  • Location: San Jose, CA
  • Publicly traded

Numerex Corp. provides business services, technology, and products used in the development and support of machine-to-machine (M2M) solutions for the enterprise and government markets worldwide. It offers hardware and smart devices; cellular and satellite network services; and software applications. Customers typically subscribe to device management, network, and application services through hosted platforms.

  • DataFox Score: 1132
  • Location: Atlanta, GA
  • Publicly traded

Flipkart is an online shopping destination for India that offers more than 20 million products across more than 70 categories. Flipkart has 26 million registered users that clock more than eight million daily visits. Flipkart's technology has enabled the company to deliver five million shipments per month.

Snapdeal, one of India's largest online marketplaces, features best priced deals on branded products like mobile phones, electronics, computer peripherals, apparels, cosmetics, perfumes, watches, bags, sunglasses, footwear, kitchenware and more. It has been rated as the number 1 e-commerce site in India by Dataquest/Sapient E-commerce Survey 2011.

OLX is an online classifieds platform that enables its users to create ads and display them on social networks. The platform enables its users to design ads with pictures and videos; control their selling, buying, and community activities in My OLX; display their ads on social networking profiles; access the site from their mobile phones; and view OLX accounts in their local languages. The company offers its services in the United States and internationally. It operates as a subsidiary of Myriad International Holdings B.V.

Egully deals in the following product categories: books, mobiles, cameras, DVD players, movies, music, gifts, apparels, toys, and imported products office.

  • DataFox Score: 873
  • Location: Delhi Sabzimandi IND
  • Total Funding: $50,000
  • Recent Funding: $25.7 million in December 2008