E-commerce platform Shopclues is targeting a US $ 100 million run rate for its export business by the end of the year. Based in Gurgaon, the company aims to bring Indian brands to global markets and is actively working to bring artisans online.
“Our target is to reach US $ 100 million in e-commerce exports by the end of the year, and we are confident in achieving this goal,” Shopclues’ managing director Anuraag Gambhir told India Retailing. “If any small, medium Indian brand wants to go global today, we are the platform they should come to.”
Currently, Shopclues’ export business has a run rate of US $ 12 million, which it aims to boost to US $ 100 million by the end of the year. The company also plans to expand its sourcing capabilities and is collaborating with the Indian government to bring artisans and micro, small, and medium enterprises online.
Launched in 2011, Shopclues was acquired by Singapore-based online marketplace Qoo10 in 2019. This acquisition enabled Shopclues to leverage Qoo10’s Southeast Asian network for cross-border commerce. Today, the platform boasts over 1.1 million registered sellers.
“Qoo10’s vision has always been centered on cross-border trade,” said Gambhir. “Our strength lies in facilitating seamless and fast cross-border transactions.”
