Snapdeal receives new investments worth USD 200 Million

Snapdeal has announced that Ontario Teachers’ Pension Plan, an investment vehicle advised by Iron Pillar and other investors have invested US$200 million in Snapdeal. Over the last two years, Snapdeal has made significant investments in technology and in complementary acquisitions in pursuit of its stated aim to build India’s most reliable and frictionless commerce ecosystem.

Anup Vikal, CFO, Snapdeal, said, “We see these investments as a continuing endorsement of Snapdeal’s strategy to build India’s most reliable and frictionless commerce ecosystem. We continue to make targeted investments in building internal and external capabilities that will enable us to consistently deliver optimal experience for the millions of buyers and sellers who transact daily on Snapdeal.”Read more

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