News : e-Bay funds Snapdeal with an additional $134 M

By admin

  • February 28, 2014,
Mobile branding @LogicserveDigi

eBay Inc leads funding for Snapdeal along with other investors. With a total investment of $134M .This is the organisation’s second round of investment on this e-commerce portal.  This seems like a strategic move from e-bay’s end to invest in emerging markets. The new funding comes in less than an year as it had already raised $50M from the firm.

Mobile shopping growth @LogicserveDigi

e-Bay started off with Bazee .com and has now expanded its Indian presence with Snapdeal

LogicSpeak : We can see that many international e-commerce portals are investing in India due to its emerging markets. This is a sure sign of growth within the country and with various reports and studies pointing out to increase use of online space for shopping, this investment may give e-Bay a strong stand in India.

Overall this is good news for e-commerce space.

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