This e-commerce platform sees 60% revenue growth, eyes profits in 12-18 months
ShopClues, which competes with the likes of Flipkart and Amazon, is also confident of hitting profits in the next 12-18 months. Speaking to PTI, co-founder and CEO Sanjay Sethi said the 2017 was spent ensuring that the company has the "right revenue margins" without any discounting or heavy spending on warehousing adding to its costs
According to documents filed by the company with the Corporate Affairs Ministry, ShopClues' revenue from operations was at Rs 180.3 crore in 2016-17, against Rs 161.4 crore in the preceding fiscal. Image source: Reuters