Sandeep Aggarwal is an internet visionary, serial entrepreneur, angel investor and philanthropist. In the year 2011, Sandeep Aggarwal founded ShopClues – India’s first managed marketplace. The company became the 5th unicorn in the consumer internet industry in India. Later, in 2014, he founded Droom which is the first marketplace for Automobiles and related services in India. He is widely known as the father of marketplaces in the Indian start-up ecosystem. Moreover, Sandeep Aggarwal is extremely zealous in mentoring the Indian start-ups on entrepreneurial attributes and expertise.
Born in Chandigarh, Sandeep Aggarwal spent a major part of his childhood in the city. He pursued Bachelor’s degree in Commerce (B Com) from Kurukshetra University. Later, he obtained a Master’s degree in Finance from Devi Ahilya Vishwa Vidyalaya. Furthermore, being a UGC Scholar, Sandeep Aggarwal went to the USA for higher studies where he pursued an MBA degree in Strategy from Washington University in St. Louis - Olin Business School.
Sandeep Aggarwal started his professional career as an Associate at Kotak Securities, and eventually, climbed the ladder of success in the corporate world while working at US-based companies like Charles Schwab, Microsoft Corp, Citigroup, Oppenheimer & Co., Collins Stewart, Caris & Company. Moreover, he was also a globally ranked Wall Street Analyst for a decade.
Sandeep Aggarwal came up with the idea of ShopClues at his home in California on 10th of October 2010, and later, in the first week of January 2011, he completed the business plan for the company. After resigning from his job at Wall Street on Father's Day in June 2011, Sandeep Aggarwal incorporated ShopClues as Clues Network Inc in Delaware as a single officer company. Later, he hired three more people from Silicon Valley that included his wife Radhika Aggarwal, Sanjay Sethi and Mrinal Chatterjee, who accompanied him to India. After coming to India, Sandeep Aggarwal included Devesh Rai in the core team.
Sandeep Aggarwal launched ShopClues under private beta only via Facebook on 21st November 2011. During the initial days, he raised a fund of $1.95M from 16 of his friends and close aids. ShopClues was ranked as the 4th largest E Commerce company within the initial 8-9 months under the leadership of Sandeep Aggarwal, even though it was the 35th entrant in the Indian E Commerce space. Until the end of 2013, Sandeep Aggarwal ran the company as CEO. After that, he handed the responsibility over to Sanjay Sethi, and gave his board nomination to his wife Radhika Aggarwal. However, he kept on mentoring the team informally even after stepping out officially, as they were not able to manage to run the company without his leadership.
On 14th April 2014, Sandeep Aggarwal launched Droom as the first and only online marketplace for automobiles in India. The company has become the largest online platform for automobiles in India within two years of its establishment. Moreover, it has been ranked as the 6th largest E-commerce company in terms of GMV (Gross Merchandising Value) and the number one E-commerce company in terms of growth and unit economics. Being the 21st century marketplace, Droom makes use of innovative technologies, data science and artificial intelligence to gain trust among the customers and serve them in the best way by taking care of all the pricing advantages for buyers and sellers. The company also incorporates modern tools and technology to be highly efficient in the growing market.
Awarded by: Red Herring
Sep 15, 2016
Awarded by: URS International
May 29, 2016
Awarded by: World Vision Academy, Ahmedabad
May 28, 2016