Radhika Aggarwal: Co-founder of ShopClues and First Woman in India to Enter the Unicorn Club

Megha Rani Megha Rani
Mar 15, 2021 7 min read
Radhika Aggarwal: Co-founder of ShopClues and First Woman in India to Enter the Unicorn Club

Radhika Aggarwal is the current Chief Business Officer (CBO) and Co-founder of the e-commerce ShopClues, established in 2011 with just 10 team members. She is the first woman in India to enter the Unicorn Club.  Radhika's husband, Sanjay Sethi is the CEO of ShopClues. Her net worth until November 2020 counts to $1 million.

Radhika Aggarwal- Biography

Name Radhika Ghai Aggarwal
Nationality Indian
Education Washington University
Profession Entrepreneur
Position CBO & Co-founder, ShopClues
Net Worth $1 million (November, 2020)
Marital Status Married
Spouse Sanjay Sethi
Children 2

Radhika Aggarwal- Personal Life
Radhika Aggarwal- Early Life
Radhika Aggarwal- Education
Radhika Aggarwal- Professional Life
Radhika Aggarwal- Women Empowerment
Radhika Aggarwal- ShopClues
Radhika Aggarwal- Awards
ShopClues- Competitors

Best startups of the decade which defined 2010
The mindset of the people has changed from, over the decade, as now people wantto be the boss of their own and don’t want to restrict themselves in the wallsof 9-to-5 jobs. This decade brought a hit of entrepreneurs and their startupswith amazing ideas and execution, that has helped people and ha…

Radhika Aggarwal- Personal Life

Radhika Aggarwal was born to a regular Army family. Her father was employed in the Indian Army. Her mother was a dietician by profession. She got married to Sanjay Sethi, whom she met during her college days. Apart from being her husband, Sanjay is also her business partner. She lives in Gurgaon, Haryana.

Radhika Aggarwal- Early Life

Being an Army ward, she grew up in ten different cities including Pathankot, Ahmednagar, and Jodhpur and attended several schools throughout her childhood. Travelling to new places gave her the opportunity to meet new people and adapt the formidable change. This experience helped her in running a business without getting affected by the daunting change in the corporate world.

Perseverance is yet another quality that she learnt while growing up. Her attitude of not giving up helped her in standing against all odds in the startup world.

She eventually got inspired from her father, who established his own health care set up at the age of 45, after leaving the Army in 1992. She helped him in his entrepreneurial venture as a fitness trainer and received her first pay check of INR 400.

She followed him and founded her very first advertising agency in Chandigarh in 1997. The early startup stemmed entrepreneurship within her, which assisted Radhika to excel in future thereafter.

Radhika Aggarwal on her success mantra

Radhika Aggarwal- Education

Radhika Aggarwal dropped the shutter of her advertising agency after two years, to study MBA in 1999. She pursued MBA from Washington University,  in St.Louis, US.

She also did her post graduation in advertising and public relations. She has also participated in an executive program at Stanford University.

Her academic qualification are owed to Devi Ahilya Vishwavidyalaya. She completed graduation from Maharaj Sayajirao University.

Amazing Fashion E-Commerce Startups To Build Your Wardrobe
Fashion has been an inbuilt statement in our lives, fashion eCommerce startups are making a good mark as they are gathering a lot of varieties of products. Clothes, jewellery, and other accessories are taking away a major part of ourlifestyle and shopping is one of the most tiring tasks, to clic…

Radhika Aggarwal- Professional Life

Radhika Aggarwal started her career, working in the marketing field for companies like Nordstrom, headquartered in Seattle, Washington (2002-2005). She joined the core team for strategic planning at Goldman Sachs in 2001. She was a part of internal consulting resource for the product development group.

She worked as a Marketing strategist in Abhivyakti Infotech for about one and a half year i.e., from January 2006- June 2007.

Prior to this, she ran a fashion blog at South Asian women (2007-2009). She didn't raise money through this blog but learnt the thriftiness that was replicated while launching ShopClues.

She has the experience of working in diverse sectors like e-commerce, fashion, lifestyle, and retail for about fourteen years in US.

Radhika founded her e-commerce venture ShopClues with her husband Sanjay Sethi in 2011. It became one of the most recent entrants into the Unicorn club.

How Chinese App Ban created new spaces for Indian Startups
Chinese apps have had a huge market in India. The major users of Chinese appslike TikTok, Helo, ShareIt, UC Browser, Shein, PUBG, Club Factory, etc. wereIndians. So these apps’ major revenue was drawn from our country. All that changed when the government of India banned Chinese apps and created…

Radhika Aggarwal- Women Empowerment

When asked if she has been able to change the convention towards women employees across the industry, Radhika Ghai Aggarwal – co-founder & cmo, shopclues.com said :

"The best way I deal with this is to avoid gender-based discrimination in the first place. At ShopClues, we empower a good worker and we provide equal opportunities that can help maximize potential. If you're an able worker, gender doesn't even come into the picture. At ShopClues, we have women leading our vibrant community of merchant partners. Our women employees know I have their back, and that they are at par with our male employees, with many of them in the leadership team."

Radhika Aggarwal promotes women to share their opinions, challenges, and issues that matter to them. She gathers her women employees at a cafeteria for the discussion. One of her young woman employees once said that she was the first person to wear jeans and take up a job in her family. It was her way of breaking stereotypes.

The girl joined ShopClues because of the woman co-founder. An empowered woman inspires another woman to break the stereotypes and live their dreams.

"Every step we take towards achieving our goals is one step closer to breaking these archaic stereotypes. As I said, I personally don’t encourage extra accolades to a woman employee just because she’s a woman and has achieved something. I treat all my employees as equals, gender no bar.", said Radhika Aggarwal, ShopClues

Radhika Aggarwal- ShopClues

ShopClues Logo

Radhika's 14 long years of experience in the corporate world has brought rich exposure to best-of-breed global brands. Her vision and entrepreneurial acuity have gradually nurtured the brand. With a keen understanding of the customer's pulse, she is the marketing robust that has made ShopClues one of the luminaries.

ShopClues was founded in 2011, headquartered in Gurgaon. The company came into the limelight when the founder claimed that the e-commerce venture became profitable by 2017. It has about 25 million registered buyers, 500,000 merchants, and each month ships about three million products.

Radhika holds the position of CBO of Shopclues since February 2011. She claims that ShopClues is one of the fastest growing e-commerce platforms in India. It is estimated that Radhika Aggarwal net worth is around $1-$4 Million as of 2020.

Radhika Aggarwal- Awards

Radhika has been conferred with some awards and recognition as well. She won the following awards in the year 2016.

  • Outlook Business Woman of Worth at Outlook Business Awards
  • Woman Entrepreneur of the Year at Entrepreneur India Awards
  • Exemplary Woman Entrepreneur of the Year at CMO Asia Awards
  • CEO of the Year Award at CEO India Awards

Top 10 Unicorn Startups of India 2020
India is becoming the worlds fastest growing startup ecosystem with a total of21 unicorn startups in India. In today’s world Unicorn startups are not asuncommon as before. It does not mean that building a unicorn startup is easy.Oyo rooms is also an indian unicorn startup which has seen massive g…

ShopClues- Competitors

It was obviously not a cup of tea to build an e-commerce website, when there were already some e-commerce giants ruling the space. ShopClues was established at a time when Flipkart, Snapdeal were already raising to new heights. Flipkart and Snapdeal raised desirable money and popularity until then.

Jabong and ShopClues were founded in the same year. An inordinate amount of money was spent by the founders to grow their market respectively. However, Radhika aimed at making ShopClues a profitable venture. Shopclues tossed a Gross Merchandise Value (GMV) of $1.2 billion in Financial Year 2016, just 5 years after it launched!

Frequently Asked Questions - FAQs

What is ShopClues net worth 2020?

ShopClues has an operating revenue of INR 209.46 Crores.

Is ShopClues a unicorn?

ShopClues became India's fourth unicorn firm valued over a billion dollars at $1.1 billion in January of 2016 just 5 years after it's launch.

Is ShopClues an Indian company?

Yes ShopClues is an Indian company headquartered in Gurugram, India.

Subscribe to Startup Talky

Get the latest posts delivered to you right in your inbox

Great! Next, complete checkout for full access to StartupTalky.
Welcome back! You've successfully signed in.
You've successfully subscribed to StartupTalky.
Success! Your account is fully activated, you now have access to all content.
Success! Your billing info has been updated.
Your billing was not updated.