Snapdeal, a New Delhi, India-based online e-commerce marketplace, raised $133.77m in funding.
eBay Inc., which had made an initial investment in mid-2013, led the round as part of its strategy to accelerate growth in emerging markets and drive its global e-commerce leadership. Backers also included institutional investors Kalaari Capital, Nexus Venture Partners, Bessemer Venture Partners, Intel Capital and Saama Capital.
Led by Co-founder and CEO Kunal Bahl, Snapdeal is an online marketplace featuring a wide assortment of products across categories like Mobiles, Electronics, Footwear, Apparels, etc.
Following the investment, eBay and Snapdeal will continue to work separately.