ShopClues is one of the biggest names when we talk about India’s online marketplace. For the unversed, Clues Network Private Limited owns the company. Over the years, ShopClues has managed to break into headlines for both positive and controversial incidents. From making a mark in the online shopping sector to Luxottica Group accusing ShopClues of allegedly selling fake products, it has been a rollercoaster ride for this company which is worth more than Rs. 1000 crores.
ShopClues was established by a group of three young aspiring entrepreneurs, Sandeep Aggarwal, Radhika Ghai and Sanjay Sethi back in 2011. It was only in 2015 that the company was valued at 1.1 billion USD. Yes! You read it right. The growth was completely mind-blowing, and they also had the backing of investors like Tiger Global, Nexus Venture Partners and Helion Ventures.
ShopClues was one of the first companies which helped customers buy things and do shopping online without hopping from one shop to another. It was reportedly India’s first and largest fully managed marketplace, and everything was going great. But it was in 2013 when Sandeep Aggarwal and Radhika Ghai’s marriage suffered a major heartbreak. So without further ado, let’s get straight into the rift between Sandeep and Radhika!
The famous entrepreneur, philanthropist and angel investor, Sandeep Aggarwal needs no introduction as he is the only tech entrepreneur who founded two unicorns back to back. First, he founded ShopClues in 2011, and then it was Droom, with which he created history. Before diving into entrepreneurship, Sandeep worked as a research analyst on Wall Street for 14 years.
Sandeep Aggarwal has also worked in two Fortune 100 companies, where he had strategy planning roles. Some of the major companies he has worked with include Citigroup, Oppenheimer and Collins Stewart, Microsoft, and Schwab.com.
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Radhika Ghai is a renowned name in the business world, as she is the first Indian woman entrepreneur who entered into the unicorn club with her company, ShopClues. Born into an army family, her father was a businessman, and it inspired her to follow in his footsteps. After earning an MBA degree from Washington University, she worked with mega-brands like Goldman Sachs and Nordstrom.
As per reports, in July 2013, Sandeep Aggarwal was arrested by the FBI (Federal Bureau of Investigation) after he pleaded guilty to insider trading allegations. A fraudulent insider trading case which was related to the famous investment company, SAC Capital, led to a whole controversy.
It was indeed shocking news for all the people back in India, as everyone knew that he was the founder of ShopClues. After serving his punishment in the United States, he returned to India only to be a part of another major controversy at his company, ShopClues.
According to a news report in Inc42, after Sandeep Aggarwal’s return to India on August 7, 2014, he found some major changes in his wife, Radhika Ghai’s behaviour. From not wearing her wedding ring to not addressing herself as Radhika Aggarwal, Sandeep sensed that a lot of things had changed. Not only this, Sandeep reportedly started ShopClues from scratch in June 2011 and hired Radhika Ghai as VP of Marketing and Sanjay Sethi as VP of Product.
As per reports, when Sandeep Aggarwal was battling the insider trading case in the US, he promoted his friend, Sanjay Sethi, as the new CEO of ShopClues with immense faith.
But after his return, he suspected that Radhika and Sanjay had fallen in love. The entrepreneur quickly understood that Sanjay and Radhika had allegedly erased most of his history from the company’s Wikipedia and other official documents.
Along with the adultery case that Sandeep filed against Sanjay Sethi in Gurgaon’s District Court, he also filed a criminal defamation case against Sanjay and Radhika Ghai. The entrepreneur accused Sanjay and Radhika of minimising his voting rights so that he could not nominate a board member.
As per reports, Sandeep has a 12 per cent stake in ShopClues. However, no official details about the same have been mentioned on the internet as per this case.
Amidst all this controversy, Sandeep Aggarwal and Radhika Ghai parted ways. As per multiple reports, the couple reportedly got divorced in 2018. However, there’s no update about the legal battle they were fighting for the custody of kids, Arjit and Ahaan. If the reports are to be believed, Sandeep got married to Upasana S. Aggarwal after he ended his first marriage with Radhika Ghai.
With everything that had happened in the past, Sandeep Aggarwal and Radhika Ghai are doing wonders in their respective lives. Talking about their wealth, while Radhika’s net worth is estimated to be around 1-5 million USD, her ex-husband, Sandeep has a net worth of approx Rs. 3000 crores.
What are your thoughts on Sandeep Aggarwal and Radhika Ghai’s journey and the tragic end? Let us know.
Also Read: Mira Kulkarni: Single Mother Of 2 Kids, Founded Forest Essentials At 45, Rs. 1290 Cr Net Worth, More
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