Ratan Tata invests on snapdeal, company raises $100 along with 5 more investors!

Snapdeal has raised $100 that is 590 crores , from a group of 5 investors including Ratan Tata! This investment by Tata and sons limited, a renowned name in business circles globally as well as nationally is of a huge significance for company’s economic growth. According to bahl, the chairman the company has been receiving funding upto $400 plus it has already touched $1 billion of goods sold online.Snapdeal raised over $233 million this year in two rounds from investors like eBay Inc, Singapore-based Temasek and Wipro chairman Azim Premji’s family office.Stats reveal that it has achieved the milestone of a 1000 sellers on its platform with a sale of over 1 crore.With growing popularity of e-commerce in india, snapdeal has emerged as one of the most successful companies in the global market.

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Published by Jasmeet

A Marketing professional, hobbyist food blogger and a social media influencer. Loves to write and design.

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