ShopClues sees nearly 50% decline in scale in FY22

  • Tiger Global-backed e-commerce platform ShopClues was sold to Qoo10 for less than $100 million in 2019.
  • ShopClues’ operating scale has been steadily decreasing since FY20.
  • In FY22, the scale has dropped 48%, from Rs 115.1 crore to Rs 59.9 crore.
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