Latest funding round raises Snapdeal’s valuation to more than $5bn

Latest funding round raises Snapdeal’s valuation to more than $5bn

As expected, Alibaba, SoftBank and Foxconn have led the latest funding round for India’s online marketplace, Snapdeal. EBay, however, has sold part of its stake because it is looking to boosting its own business in the country.

Sources report that the latest investment will value Snapdeal at more than $5bn.

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