Helion, Nexus Commit US$10 Million to Indian e-Commerce Player ShopClues.com (Asia)

Source: Asian Venture Capital Journal  |  Author: Andrew Woodman

India-focused early-stage venture capital firms Helion Venture Partners and Nexus Venture Partners, along with Teruhide Sato, CEO of Japan-based Netprice, have collectively invested INR540 million (US$10 million) in Indian e-commerce company ShopClues.com. Nexus Venture Partners previously invested INR200 million (US$3.7 million) in ShopClues.com in a prior round of funding. ShopClues.com is a platform that enables third-party merchants to sell low-cost goods online.