India's ShopClues to merge with Singapore-based Qoo10
Indian e-commerce company ShopClues has agreed a merger with Singaporean counterpart Qoo10 at a valuation reportedly 99% lower than its peak level of $1.1 billion.
The deal values ShopClues in a range of $50-80 million, according to TechCrunch. The company achieved unicorn status in 2016 when GIC Private led an approximately $150 million growth round that also included...
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