India’s Snapdeal raises $200 million to challenge Amazon and Flipkart

18:53 15.02.2016
The three-way battle for India’s ecommerce market has just intensified. Snapdeal announced yesterday a $200 million funding round as it ramps up competition against Amazon and Flipkart. The investment was led by Ontario Teachers’ Pension Plan, one of the world’s largest pension funds, and Singapore-based investment entity Brother Fortune Apparel, among others. The new investment puts Snapdeal’s valuation in […]...
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