Categories: Tech & Society

Snapdeal.com raises $133.7 Million funding, led by eBay

One of the India’s prominent online marketplaces Snapdeal.com  raises $133.7 Million, in a funding round led by eBay, as reported by LiveMint. EBay led the new round of funding in Snapdeal, raising its stake in the company following an initial investment made in 2013, eBay said in a statement.

In 2013, eBay lead the first funding round that resulted in an investment of $50 million. This round has seen participation from all of Snapdeal’s current Institutional investors including Kalaari Capital, Nexus Venture Partners, Bessemer Venture Partners, Intel Capital and Saama Capital. With this investment, eBay has increased it’s stakes in Indian E-Commerce market.

With the competition heating up between E-Commerce giants such as Flipkart, Myntra , Jabong and Snapdeal, we find Investors increasing their stakes hoping these companies return grandly. The market leaders, Flipkart, Myntra and Jabong, have all raised between $50 million and $360 million over the past eight months or so.

The e-commerce market is worth $3.1 billion and is estimated to grow to $22 billion in five years, according to a report by CLSA in November. With Amazon entering the Indian e-Commerce market and all the major players raising funds, this space remains an interesting once to watch.

Saraswathi Pulluru

Telecom Consultant by Profession. Interested in Startups by Passion. Never tired to talk to and write about entrepreneurs, who are making the world a better place to live.

Recent Posts

The AI Editor has arrived: What Human-in-the-Loop publishing & ecommerce really looks like

Artificial Intelligence is no longer just a futuristic concept in publishing and e-commerce. It’s here,…

2 days ago

After the artist & the writer it’s the developer’s turn to rethink careers as AI starts coding

The artist and the writer have been living in fear of AI taking over their…

3 days ago

Geek Appeal: New gadgets & apps on the block

The Tech Panda takes a look at recently launched gadgets & apps in the market.…

4 days ago

With top engineers from India in hot demand globally, Ness Digital Engineering champions internal pathways to leadership  

India’s tech and IT sector continues to grow, expected to top $300 billion in fiscal…

4 days ago

NTT debuts ultra-fast IOWN network with cross-border Kabuki performance

Japanese tech giant NTT showcased the latest in Innovative Optical and Wireless Network (IOWN) technology…

6 days ago

Funding alert: Tech startups that raked in moolah this month

The Tech Panda takes a look at recent funding events in the tech ecosystem, seeking…

1 week ago