Snapdeal


Softbank, Japanese investing firm has invested $75M in online marketplace Snapdeal, This is the second recent fund raise made by the company.

Just three months ago, Snapdeal had closed a $75 Mn investment round from a series of investors including Ebay, Intel Capital, Russian venture fund Ru-Net, Saama Capital, Recruit Co, existing investors like Nexus Venture Partners, Bessemer Venture Partners and IndoUS Venture Partners and a few angel investors.

Overall, the company has raised a total of $202 Mn investment until now, which includes a $40 Mn round from Bessemer Venture Partners, Nexus Venture Partners and Indo-US Venture Partners in … Read more

SoftBank invests $75M in Snapdeal


Snapdeal.com, the biggest deals & discount internet company in India has closed $40M as series B investment led by Bessemer Ventures and existing investors Nexus Venture Partners and IndoUS Ventures also participated in this round. As per Kunal Bahl, Founder & CEO of Snapdeal this investment seems to be the largest Venture capital infusion in an internet company in a single round.

Interestingly Snapdeal has raised $12M in the month of January fron Nexus Venture Partners and IndoUS Ventures, thus total investment raised by Snapdeal has touched $52M. Earlier it was reported by Economic Times that Snapdeal is in … Read more

Snapdeal raises $40M led by Bessemer Ventures


JasperIndia

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



Mydala_snapdeal_koovs

Immense hectic activity going on in the group discount space in India. Some new group discount portals like lootmore.com 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