eBay Leads US$133.8 Million Round in Snapdeal With Participation From Kalaari Capital, Nexus Venture Partners, Bessemer Venture Partners, Intel Capital and Saama Capital (Asia)

Source: VCCircle  |  Author(s): Nikita Peer

India-based Jasper Infotech, which runs the online marketplace Snapdeal.com, has raised a US$133.8 million financing round led by existing investor global commerce and payments company eBay. Venture capital firms Kalaari Capital, Nexus Venture Partners, Bessemer Venture Partners and Saama Capital, as well as Intel Corporation’s venture capital arm Intel Capital, also participated in the round. This transaction brings funds raised for Snapdeal to US$237 million across five rounds. Last year, the company raised US$50 million from eBay, international business conglomerate Recruit Holdings, Intel Capital, Russian venture capital fund ru-Net and Saama Capital, as well as other existing investors.