Jasper Innovative Marketing Solutions, parent company of Snapdeal has raised $12M from Nexus Ventures Partners and Indo US Ventures in series B round. Jasper aims to become mini Groupon, its expanding agressively in different countries, it has already operations in 5 countries – Sri Lanka, Nepal, Bangladesh, Maldives and Singapore and plans to acquire more players in Read more

Jasper, Snapdeal parent company raises $12M

Jasper Infotech

New Delhi based Jasper Infotech, a leading multi-channel direct marketing platforms company in India and the owner of India’s largest deal-a-day site SnapDeal launches ‘Jasper Marketing Innovation Fund’ with a corpus of $2 Million. As part of this fund, the company will be looking at making investments in companies that are engaged in innovation in the marketing services and platforms space in India.

Within a period of 2 years Jasper has extended its presence in 30 cities in India and 5 countries across the globe. The company also has relationship with 30,000+ retailers across various sectors. According to Mr … Read more

Jasper Infotech launches $2M Innovation fund


Immense hectic activity going on in the group discount space in India. Some new group discount portals like have sprung up with sole intention of getting acquired, portals like Taggle and Snapdeal have able to raise Venture Capital and some players like Grabbon have merged themselves with bigger player Snapdeal.

Coming days you may witness further consolidation is this space. There is a strong buzz in the market that one of the prominent player from NCR in group discount space going to be acquired by bigger player or it could be an internet company interested in getting a pie … Read more

Acquisition candidate in Group discount space?

Immense mind boggling  activity in the social buying segment taking place in India. Groupon, the American giant is valued close to a billion dollars. A couple of smaller Indian players have sold out. A few have grown bigger and better. Their margins have grown stronger, touching the 30’s, than what I earlier predicted. Funding has come to a few and others are on the negotiating table. This sector is up for a lot of action in the next 6 months.

Recently, I dug deeper and found some interesting facts.

It all started in Oct – Nov 2009 when enthusiastic copy

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Potential Indian buy for Groupon

SnapdealSome amount of consolidation taking place in group discount space after emerging in mushroom fashion 7-8 months back. Snapdeal, a group discount site promoted by Delhi based Jasper Infotech has acquired Bangalore based Grabbon, deal value has not been disclosed and it is termed as strategic acquisition by both Snapdeal and Grabbon.

Interestingly Grabbon is the 1st Groupon clone to hit the Indian market and founded by Tony Navin, Jackson Fernandez and Balamurugan all XLRI graduates. Few weeks back i interviewed Jackson, you may check here.

Benefit for Snapdeal from this acquisition- :

  • Seasoned management guys who
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Snapdeal snaps Grabbon