Snapdeal to raise $600 million from existing investors

October 2014
FRPT- Finance Snapshot;10/19/2014, p27
Industry Profile
Industry Report
The article announces that India-based electronic commerce firm Snapdeal.com is nearing its goal of obtaining $600 million from its existing investors which will be used to expand its operations and beat its rival Flipkart, operated by Flipkart India. It states that the deal is expected to be announced before the end of October 2014 and that Snapdeal.com is also negotiating with banking firm Softbank Corp. ro raise more money. It also discusses Snapdeal.com's business model.


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