Snapdeal Raises $100 Million, Valued at $1 Billion

Snapdeal

Snapdeal

India’s e-commerce website Snapdeal has raised $100 million that values the company nearly $1 billion. Investors of the company included Singapore state-owned investment company Temasek Holdings, asset management firm BlackRock and others.

Recently, Snapdeal founder indicated that they are also looking for IPO by listing the company in US stock exchange. In March 2014, Snapdeal founder, Kunal Bahl confirmed that Snapdeal have grown around 500% in last 1 year. ANd it is expected to touch $1 billion value within a year. But this another round funding helped company hit the value earlier than expectation.

Earlier this year Snapdeal also raised $134 million from eBay, Bessemer Venture Partners, Intel Capital and others.

See the details of Snapdeal fundraising below:

RoundWho FundedDateAmount
First RoundNexus Venture Partners, Indo-US Venture PartnersJanuary 2011USD 12 Million
Second RoundBessemer Venture Partners, Nexus Venture Partners, Indo-US Venture PartnersJuly 2011USD 45 Million
Third RoundEbay, Intel Capital, Nexus Venture Partners & OthersJune 2013USD 50 Million
Fourth RoundKalaari Capital, Nexus Venture Partners, Bessemer Venture Partners, Intel Capital and Saama CapitalFeb 2014USD 133.77 Million
Fifth RoundTemasek Holdings, Blackrock, Myriad, Premji Invest, TyborneMay 2014USD 100 Million

Share this article
Shareable URL
Prev Post

eBay hacked; Change Your Password Now

Next Post

Samsung Music Hub Shutting Down On July 1

Leave a Reply
Read next
Subscribe to our newsletter
Get notified of the best deals on our WordPress themes.
0
Share