Shopclues Joins The Unicorn Club; Raises Series E Funding Led By GIC

With this deal, ShopClues’ valuation stands at more than $1.1 billion. Existing investors, including Tiger Global and Nexus Venture Partners have also participated in this round of funding. The capital raised will be used to roll out new products to enable the SME merchants to digitize their business.

ShopClues Invests In Personal Assistant App, HeyBiz

The investment will be directed towards enhancing the product and expansion. The company plans to expand in Chandigarh, Amritsar, Ludhiana, Lucknow and Jaipur. Founded by Bhartesh Chhibbar in January 2015, HeyBiz helps users discover local shops and is available on Android and iOS devices.