eBay Leads $50M Funding For Indian eCommerce Site Snapdeal

By  |  April 1, 2013
 | 

Snapdeal, a popular Indian eCommerce marketplace, recently raised $50 million in backing, reported VenutreBeat. The funding was led by eBay, along with other investors including Bessemer, Venture Partners, Nexus Venture Partners, and IndoUS Venture Partners.

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    Back in 2012, Snapdeal started as a site where consumers could collect daily deals, but has since become a full-service marketplace for online shopping. Snapdeal is an eCommerce platform with multiple categories such as mobile services, computers, clothing retail, perfume, books and more.

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