India: ShopClues’ exit sets stage for competition between Paytm Mall, Snapdeal

India: ShopClues’ exit sets stage for competition between Paytm Mall, Snapdeal

ShopClues co-founder and chief business officer Radhika Aggarwal. Photo: Mint

With e-commerce marketplace ShopClues’ recent fire sale to Singapore’s Qoo10 Pte Ltd, the third position in India’s e-commerce market will now be closely contested between Paytm Mall, which is backed by China’s Alibaba, and Snapdeal, which is back in the reckoning after an extensive restructuring.

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