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Snapdeal raises $200 mn

The company's valuation has now crossed $6.5 billion

BS Reporter  |  New Delhi 

One of the world's largest pension funds, Ontario Teachers' Pension Plan, and Singapore-based investment entity Brother Fortune Apparel have led the 11th round of funding in online marketplace player Snapdeal. The latest investment is $200 million (Rs 1,367.6 crore) in Jasper Infotech-owned company. With this, Snapdeal's valuation has gone past $6.5 billion, up from around $5 billion last August when it raised $500 million from a group of investors including Alibaba and Foxconn Technology. E-commerce major Flipkart's valuation is pegged at around $15 billion. Till now, ...

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First Published: Mon, February 15 2016. 00:30 IST
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