Jasper, the parent company of e-Commerce website SnapDeal.Com, today said it has raised $12 million from venture capital investors Nexus Venture Partners and Indo US Venture Partners.
"The investment will help us enhance our 300-person strong team by attracting world class talent and further increase our reach within and outside India," Jasper CEO Kunal Bahl said in a statement.
It will also help us in inorganic expansion in the domain of marketing platforms for SMEs and well established brands, he added.
Started in February last year, Snapdeal.Com offers deals with average savings of 50-90 per cent at popular restaurants, spas, salons and movie theatres. It claims to have over a million subscribers.
Jasper also owns other consumer marketing platforms like MoneySaver and BabyBox. The company has operations across 50 cities in India, and has worked with over 50,000 retailers from various categories.
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