ShopClues raises â¹50 cr in venture debt from InnoVen Capital
In a rare instance of a homegrown billion-dollar startup opting for venture debt, ShopClues has raised â¹50 crore in venture debt from InnoVen Capital. The fresh capital comes 15 months after ShopClues entered the billion-dollar valuation league by raising $100-140 million last year. "Debt is a good instrument to meet working capital requirement to achieve profitability," said CEO Sanjay Sethi.