# Professor Anindya Ghose shares his perspective on the sale of Indian e-commerce firm Shopclues

1 Faculty News November 1, 2019 ![Quartz_India_logo_190x145](/sites/default/files/styles/246w/public/assets/images/Quartz_India_logo_190x145.jpg?itok=Qzgtsav9)>

Excerpt from [Quartz India](https://qz.com/india/1739829/what-shopclues-sale-to-qoo10-says-about-indian-e-commerce/) -- "The Shopclues sale, in comparison, reportedly came at a throwaway price: between $50 million and $80 million, according to TechCrunch. That’s just over 7% of the company’s peak valuation of $1.1 billion around three years ago. This valuation meltdown for Shopclues is 'one of the biggest in India’s startup history,' according to [Anindya Ghose](https://www.stern.nyu.edu/faculty/bio/anindya-ghose), a professor of technology, operations, and statistics at New York University’s (NYU) Stern School."

[Read More](https://qz.com/india/1739829/what-shopclues-sale-to-qoo10-says-about-indian-e-commerce/)