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Indian E-commerce Platform Shopclues Claims $1.1B Valuation After New Funding, Plans IPO

Indian e-commerce company Shopclues has raised a Series E that the company claims boosts its valuation to $1.1 billion. The round was led by GIC, the Singaporean government’s sovereign wealth fund, with participation from returning investors Tiger Global and Nexus Venture Partners. Shopclues says that this is the last round of venture capital it will raise before holding an initial public offering next year.

http://techcrunch.com/2016/01/12/indian-e-commerce-platform-shopclues-claims-1-1b-valuation-after-new-funding-plans-ipo/