Brands
ShopClues.com Offers a Stroll Down ‘Korean Avenue’
New Delhi: – Expanding its international portfolio to bring the best value-for-money products to its customers from Real Bharat, ShopClues.com launched its new online store – ‘Korean Avenue’ – offering over 1,000 affordable Korean products such as beauty and cosmetics, fashion electronics and home & Kitchen appliances.
With the new addition of the K-Beauty range, ShopClues now has a total of 30+ international brands on its platform that are a huge hit among shoppers living in metros, Tier II/III/IV and beyond cities of India. Those looking for exclusive Korean K-Beauty and electronics products that have become quite a rage in India and globally, can now buy them online from ‘Korean Avenue’ that lists a range of exclusive products from brands like Cosrx, It’s Skin, Koelcia, Secret Key, Dermal, Bio Miracle,April Skin, Banila Co, Laneigeand Redbean.
‘Although Korean beauty brands entered the Indian market in 2013, they have caught the fancy of the Indian consumer across market segments only recently. With our new partners on board, and we have put together a portfolio of brands and products that is a combination of popular products and exclusive products. The ShopClues customer is both tech-savvy and trend-conscious, so we have got a tremendous response in the soft launch period. Overall, we are expecting a 15-20% uptick in total orders from cross-border trade.’” said Sanjay Sethi, Co-founder, and CEO, ShopClues.com
Buyers who log on to ShopClues.com can enjoy the affordable, durable and great looking range of products from ‘Korean Avenue’ that include fantastic choices in beauty, skincare, speakers and home decor. Some of the premium products like Korean Healing Bamboo Mat Rug, Secret Key Multi Cell Night Repair Ampoule, Serum, Toners, Face masks, etc. are among the exciting new products that will also be available under the new Korean Avenue range. Similar original Korean beauty products available at much higher cost on other platforms, however given our relationship we are able to pass on the price benefit to our customers.
|
S. No. |
Product |
Price |
|---|---|---|
|
1 |
Herbal & Hydrating Face Masks |
Starts @ 89 |
|
2 |
Herbal Cleansing Foam and Gel |
Starts @ 399 |
|
3 |
Lipstick, Nail paints & Eyeliner |
Starts @ 200 |
|
4 |
Korean Make-up Products |
Starts @ 490 |
Brands
UK’s OnlyFans seeks US investor at $3bn valuation after owner’s death
The adult video platform is seeking stability after the death of its billionaire owner
LONDON: OnlyFans is looking for a new partner. The London-based adult video platform is in advanced talks to sell a minority stake of less than 20 per cent to Architect Capital, a San Francisco-based investment firm, in a deal that would value the business at more than $3bn (£2.2bn).
The move is driven by an urgent need for stability. Leonid Radvinsky, the Ukrainian-American billionaire who owned OnlyFans, died of cancer last month at the age of 43, leaving the future of one of Britain’s most profitable privately held businesses suddenly uncertain.
The choice of Architect Capital is not arbitrary. The firm has deep expertise in financial services, which aligns neatly with OnlyFans’ ambitions to offer banking products to its creators, many of whom have long struggled to access basic financial services because of the nature of their work.
The numbers behind OnlyFans are, by any measure, staggering. The platform posted revenues of $1.4bn in the year to 30th November 2024, with a pre-tax profit of $684m, up four per cent on the prior year. Payments to creators totalled $7.2bn over the same period, a rise of nearly ten per cent. Radvinsky personally collected $701m in dividends from the business in 2024 alone, on top of more than $1bn in such payments he had already received. The platform, run through its parent company Felix International, hosts 4.6m creator accounts, with performers keeping 80 per cent of subscription proceeds and the platform pocketing the remaining 20 per cent. It has 377m fan accounts in total.
The current minority stake talks represent a notable scaling back of ambitions. In January, OnlyFans was reported to be in discussions with Architect about selling a majority stake of 60 per cent. Before that, the company had explored a sale to a consortium led by Forest Road Company, a Los Angeles-based investment firm. Neither deal materialised.
OnlyFans has built an enormously lucrative business on content that mainstream finance has long refused to touch. Now, with its owner gone and a $3bn valuation on the table, it is looking for the kind of respectable institutional backing that might finally persuade the banks to take its calls.
