On its run up to an IPO, ShopClues appoints Deepak Sharma as CFO
ShopClues, India’s first and largest managed online marketplace, has appointed Deepak Sharma as its CFO.
Photo Credit : Shutterstock,
ShopClues, India’s first and largest managed online marketplace, has appointed Deepak Sharma as its CFO. Deepak who joins ShopClues from Vmart, is an alumnus of St. Stephen’s college and Institute of Chartered Accountants of India, Delhi, with over 20 years of industry experience in the retail sector. He led Vmart’s IPO as its CFO in 2013.
Deepak is credited with establishing robust practices around corporate governance, financial reporting and disclosures, FP&A, risk management, treasury and Investor relations among others, which enable sustenance and stability for organizations, especially in the challenging category of brick-and-mortar businesses.
Speaking about his style of work, Deepak Sharma, CFO, ShopClues said “I believe that the CFO of the company has the prime responsibility to ensure that value creation becomes a mainstream part of the corporate culture while fundamentals of the business are further strengthened. I am happy to be at ShopClues and hope to make a difference in this vibrant and new age company.”
Mr. Sanjay Sethi, Co-founder and CEO, ShopClues, expressed, “We are very happy and excited to have Deepak on board. His will bring greater velocity in achieving bottom line profitability and prepare the organization for a successful IPO. He is an extremely passionate person and with his rigours experience in the brick & mortar as well as leading an organization for an IPO, we cannot imagine of any better person than Deepak to join forces with us.”
Deepak comes from a services background. His father was working with central government and played for Indian Hockey team in Olympics. Deepak is an avid reader and a philanthrope who donates to multiple charities.
Headquartered in Gurgaon, ShopClues was founded in 2011, as a preferred e-commerce destination for Real India - Buyers and Sellers in tier 2, tier 3, 4 cities and beyond.
With more than 100 million monthly visits, over 20 million listed products, 6,00,000 + merchants, over 7000 online brand stores, ShopClues services 30,000 pin codes across India.
Spearheaded by co-founders Sanjay Sethi & Radhika Aggarwal, ShopClues (an Indian subsidiary of Clues Network Inc., a US Corporation) was deemed a Unicorn in 2016 with the E Series Funding by Sovereign Wealth Fund GIC Pte Ltd. Other investors include Tiger Global Management LLC, Helion Venture Partners & Nexus Venture Partners.
For more information, please visit – www.shopclues.com