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Ratan Tata Invests in Snapdeal

Deepanker Verma August 27, 2014 Internet, startup

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Ratan Tata, former chairman of Tata Sons Ltd, has made personal investment in India’s popular online retailer Snapdeal.com. Funding amount was not disclosed.

Snapdeal is one of the biggest online retailer of the country with over 5 million products and over 50,000 sellers. It past 2 years, It has seen 600% year on year growth.

So far, snapdeal has raised $350 million funding from BlackRock, Temasek, ebay, Premji invest, Intel Capital and Bessemer Venture Partners.

Snapdeal has also confirmed the partnership with Tata Housing. Under this partnership, it will sell Tata Value Homes on Snapdeal. Customers will be able to book an apartment by paying Rs. 30,000 each starting 28 august.

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About the Author: Deepanker Verma

Deepanker Verma is the Founder and Editor-in-Chief of TechloMedia. He holds Engineering degree in Computer Science and has over 15 years of experience in the technology sector. Deepanker bridges the gap between complex engineering and consumer electronics. He is also a a known Security Researcher acknowledged by global giants including Apple, Microsoft, and eBay. He uses his technical background to rigorously test gadgets, focusing on performance, security, and long-term value.