eBay to invest another USD 133.77 million in Snapdeal

Friday 28 February 2014 09:39 CET | News

eBay has revealed plans to invest USD 133.77 million in Indian ecommerce website Snapdeal.

In addition to eBay, Snapdeal’s other investors that have participated in this round include companies such as Nexus Venture Partners, Kalaari Capital, Bessemer Venture Partners, Intel Capital and Saama Capital.

In 2013, eBay invested USD 50 million in Snapdeal. The new round takes the total funds raised by Snapdeal so far to USD 200 million.

In recent news, the US Department of Commerce has signed a partnership with US-based eBay to support small businesses.

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Keywords: eBay, Snapdeal, India, ecommerce, invest
Categories: Payments & Commerce
Countries: World
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