Shopclues' e-commerce export business aims for $100 million in sales by the end of the year

E-commerce platform Shopclues is targeting $100 million in sales from its e-commerce export business by the end of the year. The Gurgaon-based company aims to bring Indian brands to the global market and is working on showcasing artisans online.

“Our target is to have e-commerce exports of $100 million by the end of the year and we are confident that we will achieve this target,” Shopclues managing director Anurag Gambhir told India Retailing. “Today, if small and medium-sized Indian brands want to go global, we are the platform they need to turn to.”

Shopclues' export business currently has sales of $12 million and is expected to reach $100 million by the end of the year. Shopclues' other goals also include expanding its sourcing capabilities, and to this end, it is partnering with the Indian government to bring both artisans and MSMEs online.

Shopclues was founded in 2011 and was acquired by Singapore-based online marketplace Qoo10 in 2019. This enabled Shopclues to leverage Qoo10's network in Southeast Asia for cross-border commerce. Currently, the company has over 1.1 million registered sellers on its platform.

“Qoo10's vision has always been cross-border trade,” Gambhir said. “Our strength lies in facilitating seamless and fast cross-border transactions.”