Flipkart backers GIC, Tiger Global take haircut as Singapore’s Qoo10 buys ShopClues
Advertisement

Flipkart backers GIC, Tiger Global take haircut as Singapore’s Qoo10 buys ShopClues

By Narinder Kapur

  • 01 Nov 2019
Premium
Flipkart backers GIC, Tiger Global take haircut as Singapore’s Qoo10 buys ShopClues
Credit: Reuters

When Tiger Global and GIC bet on ShopClues around four years ago they were looking at the huge catalogue of little or unknown local brands strapped to products that were expected to win consumers in smaller towns of the country. The two investors, who made millions and possibly even billions when ......

This is a Premium article. Please subscribe or log in to read the full story!

Here's a selection of our recent premium content.

Already a member? Click here to log in.
Advertisement
Advertisement
Google News Icon

Google News

Follow VCCircle on Google News for the latest updates on Business and Startup News