The Startup Journal

Tag: Sanpdeal Funding

  • Snapdeal To Raise $627 Million From Softbank Corp

    Snapdeal To Raise $627 Million From Softbank Corp

    —

    by

    Siddhartha Sarma
    in

    On Tuesday, Snapdeal announced that the Japanese telecom giant SoftBank Corp will invest $627 million (approx.. INR. 3,762 crore) in the company. This investment is considered as the latest investment ever by any investor in Indian e-commerce industry. Snapdeal will use the investments in expanding its chain of fulfillment centres and make acquisitions in the…