E-commerce firm Shopclues sees Rs 1,500-cr merchandise value in FY15

Aug 16 2014, 08:42 IST
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SummaryHomegrown e-commerce firm Shopclues is aiming to expand its sellers base to a lakh by December this year.

Buoyed by the growth of the e-commerce market in India, online marketplace Shopclues expects its gross merchandise value (GMV) to hit Rs 1,500 crore for the current fiscal ending March 2015.

The homegrown e-commerce firm is also aiming to expand its sellers base to a lakh by December this year to reach out to a larger number of online shoppers.

"Ours is a Indian bazaar model, which caters to the daily needs of shoppers at convenient rates and it is witnessing a good traction. We expect our GMV to touch Rs 1,500 crore this fiscal from Rs 350 crore in 2013-14," Shopclues co-founder and CEO Sanjay Sethi said.

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