MUMBAI: ShopClues announced its merger with Qoo10 Pte Ltd in a stock deal today. Qoo10 is a leading eCommerce platform in South East Asia which services small and medium enterprises (SMEs) via its localized online marketplaces in Singapore, Indonesia, Malaysia, China, Hong Kong etc, and plans to expand into other Asian countries. This partnership presents new strategic opportunities for both companies, as it opens up cross border opportunities for consumers and sellers across Asia.

ShopClues has built a differentiated position as a value-for-money marketplace with a thriving eco-system of small merchants. More than 700,000 small and micro-merchants from ShopClues will be able to access to global markets via Qoo10’s presence in South East Asia. Similarly, Qoo10’s merchants and its cross border logistics business will get access to the large Indian market with their high quality, value-for-money products. 

The merger has been approved by board of directors and major shareholders of both companies.