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Friday, February 28, 2014

ebay Raised Stake in Snapdeal


Indian domestic online shopping is expanding at over 80% annually as more and more young people getting attracted towards online shopping. In India online shopping has expended their feet in such a way that everyone looks for online deals who plans to buy anything from market and compare all parameters. That is Indian Consumers are getting smarter and smarter and tries to get best rates available in market.

ebay Raised Stake in Snapdeal

Snapdeal which is well known by an Indian who do online shopping founded by Kunal Bahl and IIT Delhi graduate Rohit Bansal in 2010 was first in business of providing deals in various locations all over India just like Groupon doing. But they decided to change their business model by making it online marketing place in 2011 and that takes the co. to new highs.

Snapdeal which is owned by Jasper Infotech now has raised a new funding of 134 million dollars, out of 134 million dollars ebay investment estimated at 100 million dollars i.e. Rs. 650 crore and rest 34 million dollars is invested by smaller investors Nexus Venture Partners, Kalaari Capital, Bessemer Venture Partners, Intel Capital and Saama Capital . ebay which holds earlier 10% stake in Snapdeal now raises their stake to 20%. Global investors now looking to capture Indian Market.

Now fresh round of funding raised market valuation of Snapdeal to 1 billion Dollars and close rivals Flipkart which raised 360 milliom dollars last year in two trenches valued at 1.5 billion dollars.
Flipkart investors last year were Morgan Stanley, Tiger Global, Dragoneer Investment group, Accel Partners, Iconiq capital which infused 360 million dollars.

 Jabong which deals in online Fashion retailing raised over $100 million from investors led by British development finance institution CDC, which invested $27.5 million in the Gurgaon-based company.
Also Myntra  online Fashion retailer raised $50 million from Wipro Chairman Azim Premji's family office, PremjiInvest , Tiger Global and Accel Partners this year. Last year Myntra has raised 25 million Dollars from Tiger Global and Accel Partners.

Shopclues also raised 10 million dollars last year from Hellion Ventures and Nexus Ventures last year. In India internet users have been around 200 million and out of which 20 million do transactions online.



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ebay Raised Stake in Snapdeal


Indian domestic online shopping is expanding at over 80% annually as more and more young people getting attracted towards online shopping. In India online shopping has expended their feet in such a way that everyone looks for online deals who plans to buy anything from market and compare all parameters. That is Indian Consumers are getting smarter and smarter and tries to get best rates available in market.

ebay Raised Stake in Snapdeal

Snapdeal which is well known by an Indian who do online shopping founded by Kunal Bahl and IIT Delhi graduate Rohit Bansal in 2010 was first in business of providing deals in various locations all over India just like Groupon doing. But they decided to change their business model by making it online marketing place in 2011 and that takes the co. to new highs.

Snapdeal which is owned by Jasper Infotech now has raised a new funding of 134 million dollars, out of 134 million dollars ebay investment estimated at 100 million dollars i.e. Rs. 650 crore and rest 34 million dollars is invested by smaller investors Nexus Venture Partners, Kalaari Capital, Bessemer Venture Partners, Intel Capital and Saama Capital . ebay which holds earlier 10% stake in Snapdeal now raises their stake to 20%. Global investors now looking to capture Indian Market.

Now fresh round of funding raised market valuation of Snapdeal to 1 billion Dollars and close rivals Flipkart which raised 360 milliom dollars last year in two trenches valued at 1.5 billion dollars.
Flipkart investors last year were Morgan Stanley, Tiger Global, Dragoneer Investment group, Accel Partners, Iconiq capital which infused 360 million dollars.

 Jabong which deals in online Fashion retailing raised over $100 million from investors led by British development finance institution CDC, which invested $27.5 million in the Gurgaon-based company.
Also Myntra  online Fashion retailer raised $50 million from Wipro Chairman Azim Premji's family office, PremjiInvest , Tiger Global and Accel Partners this year. Last year Myntra has raised 25 million Dollars from Tiger Global and Accel Partners.

Shopclues also raised 10 million dollars last year from Hellion Ventures and Nexus Ventures last year. In India internet users have been around 200 million and out of which 20 million do transactions online.