How Much Did Snapdeal Raise? Funding & Key Investors

Snapdeal has established itself as a leading value e-commerce platform in India, offering a wide range of products across various categories. The platform is dedicated to providing value-priced merchandise, making it a popular choice among value-conscious shoppers.

Keep reading to explore the intricacies of Snapdeal's fundraising journey and the investors backing this innovative platform.

What Is Snapdeal?

Snapdeal, founded in 2010 by Kunal Bahl and Rohit Bansal, is a leading e-commerce platform in India. The company focuses on providing value-for-money products to middle-income, price-conscious buyers, particularly from non-metro areas.

As one of the top four online lifestyle shopping destinations in India, Snapdeal offers a wide assortment of good quality and value-priced merchandise. The platform's logistics network covers more than 96% of India's pin codes, enabling order deliveries to over 2500 towns and cities.

How Much Funding Has Snapdeal Raised?

1. Venture Round
   • Amount Raised: $627M
   • Date: October 2014
   • Lead Investors: SoftBank Telecom Corp
2. Venture Round
   • Amount Raised: $500M
   • Date: August 2015
   • Lead Investors: Alibaba Group, Foxconn Technology Group, SoftBank Telecom Corp
3. Series E
   • Amount Raised: $100M
   • Date: May 2014
   • Lead Investors: BlackRock
4. Secondary Market
   • Amount Raised: $200M
   • Date: February 2016
   • Lead Investors: Ontario Teachers' Pension Plan
5. Venture Round
   • Amount Raised: $21M
   • Date: August 2016
   • Lead Investors: Clouse SA

In total, Snapdeal has raised $1.448 billion in funding.

Key Investors

• SoftBank Telecom Corp
  • Details: SoftBank Telecom Corp is a subsidiary of SoftBank Group, a Japanese multinational conglomerate holding company. It is known for its investments in technology, energy, and financial sectors.
  • Investment Focus Areas: Technology, telecommunications, energy
  • Notable Investments: Alibaba Group, WeWork, Uber
• Alibaba Group
  • Details: Alibaba Group is a Chinese multinational conglomerate specializing in e-commerce, retail, internet, and technology. Founded by Jack Ma, it is one of the world's largest retailers and e-commerce companies.
  • Investment Focus Areas: E-commerce, cloud computing, digital media
  • Notable Investments: Lazada, Ant Group, Zomato
• Foxconn Technology Group
  • Details: Foxconn Technology Group, also known as Hon Hai Precision Industry Co., Ltd., is a Taiwanese multinational electronics contract manufacturer. It is the world's largest provider of electronics manufacturing services.
  • Investment Focus Areas: Electronics, semiconductors, telecommunications
  • Notable Investments: Apple, Sharp Corporation, Byton
• BlackRock
  • Details: BlackRock is an American global investment management corporation based in New York City. It is the world's largest asset manager, with trillions of dollars in assets under management.
  • Investment Focus Areas: Financial services, technology, healthcare
  • Notable Investments: Microsoft, Apple, Amazon
• Ontario Teachers' Pension Plan
  • Details: Ontario Teachers' Pension Plan is Canada's largest single-profession pension plan, with assets in various sectors globally. It manages the retirement funds of Ontario's public school teachers.
  • Investment Focus Areas: Real estate, infrastructure, private equity
  • Notable Investments: GFL Environmental, PODS, Camelot Group

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