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Snapdeal founders, NVP invest Rs 113 crore in parent company

Funds to be infused into Unicommerce, a platform owned by Jasper Infotech

Jasper Infotech, which owns e-commerce marketplace Snapdeal, has got Rs 113 cr from founders Kunal Bahl (left), Rohit Bansal and existing investor Nexus Venture Partners
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Jasper Infotech, which owns e-commerce marketplace Snapdeal, has got Rs 113 cr from founders Kunal Bahl (left), Rohit Bansal and existing investor Nexus Venture Partners

Alnoor PeermohamedKaran Choudhury Bengaluru/New Delhi
Jasper Infotech Pvt Ltd, which owns e-commerce marketplace Snapdeal, has received Rs 113 crore in funding from founders Kunal Bahl, Rohit Bansal and existing investor Nexus Venture Partners (NVP).

The capital will be infused into Unicommerce, a platform for e-commerce sellers to track orders across marketplaces, which is owned by Jasper Infotech, said a source close to the board of the company.

Both Bansal and Bahl have invested Rs 8.45 crore each, while NVP has invested Rs 96.2 crore in Jasper Infotech Pvt Ltd, the company said in its filings to the registrar of companies on Monday.

The investment was