Snapdeal Receives $500m Growth Investment

snapdealSnapdeal, an India-based online marketplace, received a $500m growth investment.

The round was led by Alibaba Group, Foxconn and SoftBank with participation from existing investors Temasek, BlackRock, Myriad and Premji Invest.

The company intends to use the funds to continue to expand operations.

Founded in 2010 by Kunal Bahl, Co-Founder and CEO, Snapdeal is a large online marketplace in India, with more than 150,000 sellers, 15 Million-plus products and a reach to 5000+ towns and cities across the country.



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