Snapdeal, one of the largest ecommerce marketplaces in India, has raised $500m from investors led by China’s Alibaba, Taiwan’s Foxconn, and Japan’s SoftBank, as it steps up its expansion.
The fundraising round has valued Snapdeal, which was founded in 2010 by Kunal Bahl — an ardent Alibaba admirer, who describes his company as an Indian version of the Chinese online behemoth — at roughly $5bn, people familiar with the transaction say.
Mr Bahl said the fundraising was “a significant endorsement of Snapdeal’s strategy”.
您已阅读23%（521字），剩余77%（1736字）包含更多重要信息，订阅以继续探索完整内容，并享受更多专属服务。