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Former Unicorn ShopClues Gets Acquired By Singapore-Based E-Commerce Platform For $70-100 Million
Becoming a unicorn is thought to be a badge of honor for a startup — the $1 billion valuation is thought to herald several things, including growth, market dominance, and an eventual blockbuster IPO. But things don’t always go according to the script. ShopClues, which was valued at $1.1 billion and had become India’s third e-commerce unicorn in 2016, has been acquired by Singapore-based e-commerce platform Qoo10 for an estimated $70-100 million. As part of...