Snapdeal in talks to raise fresh funds

Snapdeal.com, one of India’s biggest online marketplaces, is in advanced talks to raise more than $600 million in fresh funding from existing investors led by Softbank, according to three people with direct knowledge of the matter.

Snapdeal.com, one of India’s biggest online marketplaces, is in advanced talks to raise more than $600 million in fresh funding from existing investors led by Softbank, according to three people with direct knowledge of the matter.

The new round of fund raising comes around three months after investors including Temasek Holdings Pvt. Ltd, BlackRock Inc. and Premji Invest pumped $100 million into Jasper Infotech Pvt. Ltd, which runs Snapdeal, in May.

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