E-commerce platform Shopclues is eyeing a $100 million run rate for its e-commerce export business by the end of the year. The Gurgaon-based business aims to bring Indian brands to global markets and is working to bring artisans online.
“Our target is to reach $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.”
Shopclues’ export business currently has a $12 million run rate which it expects to bring to $100 by the year’s end. Other goals for Shopclues include widening its sourcing capabilities and to this end it is working in partnership with the Indian government to bring both artisans and micro, small, and medium enterprises online.
Shopclues was launched in 2011 then acquired by Singapore-based online marketplace Qoo10 in 2019. This enabled Shopclues to leverage Qoo10’s network in Southeast Asia for cross border commerce. Today, the business counts around 1.1 million plus registered sellers on its platform.
“Qoo10’s vision has always been cross-border trade,” said Gambhir. “Our strength lies in facilitating seamless and fast cross-border transactions.”
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