According to the Times of India’s new reports, Indian eCommerce site ShopClues is planning to go in Public in next fiscal year.
In an interview with ShopClues founder and CEO Sanjay Sethi said TOI that “The company has hired Deepak Sharma as its new Chief financial officer as the company plans to go public in next fiscal year.”
“Deepak Sharma, who led the IPO of brick-and-mortar retailer V Mart in 2013, and has was brought with the mandate to help the e-tailer exploit the capital market,” he said
He is currently participating in internal compliance and corporate governance.
“ShopClues is being ready for quarter review by the end of next fiscal year, and we are ready to eliminate all the regulatory issues,” Sharma said.
“Sharma is someone who has already distributed one of the best retail IPOs, and we are hoping to be in public in the next financial year and looking at market sentiments,” Sethi said.