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Flipkart backers GIC, Tiger Global take haircut as Singapore’s Qoo10 buys ShopClues

By Narinder Kapur

  • 01 Nov 2019
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Flipkart backers GIC, Tiger Global take haircut as Singapore’s Qoo10 buys ShopClues
Credit: Reuters

When Tiger Global and GIC bet on ShopClues around four years ago they were looking at the huge catalogue of little or unknown local brands strapped to products that were expected to win consumers in smaller towns of the country. The two investors, who made millions and possibly even billions when ......

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