Online marketplace Shopclues aims to be the fourth e-commerce firm in the country to reach $1 billion annualised gross merchandise value (GMV), spurred by festive season sales, company officials said. “We are targeting transactions worth `1,500 crore by December, buoyed by the festival sales and this will help us reach a gross merchandise value of $1 billion by early next year,” Sanjay Sethi, chief executive officer, co-founder of Shopclues, told agencies.