Company Name : Snapdeal
Funding Amount : $200 million
Investor(s) Teachers’ Pension Plan, Iron Pillar
Funding Round : Not Disclosed
Delhi based e-commerce player Snapdeal has raised $200 million led by Canada’s Ontario Teachers’ Pension Plan. Iron Pillar and other investors also participated in the funding round. The current valuation has not been disclosed.
The company had earlier raised $500 million from Alibaba Group, Foxconn Technology Group and existing investor Softbank Group and was then valued at about $4.8 billion post money.
Earlier, Jasper Infotech the owner of Snapdeal reported a loss of Rs 1,328.01 crore for the year which ended in 31 March 2015.