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Snapdeal’s Owner Raises Rs 140 Crore

Online marketplace Snapdeal has raised an additional Rs 140 crore from Luxembourg based investor, Clouse SA. This funding round was announced by the company a little over six months ago, which saw the entry of Singapore based Brother Fortune Apparel Pte Ltd, as its investor in the financing round. Earlier in February, Brother Fortune had […]

Snapdeal's Owner Raises Rs 140 Crore
Quick Industry Summary
AI
Market ShiftSignificant investment in e-commerce signals accelerating digital retail transformation in apparel.

Snapdeal Funding Boosts E-commerce, Reshaping Apparel Distribution

  • WHAT: Snapdeal secured an additional Rs 140 crore from Clouse SA, contributing to a larger funding round exceeding Rs 500 crore.
  • WHO: Retailers, distributors, and garment manufacturers selling online are most affected by the expanded reach and capabilities of e-commerce platforms.
  • IMPACT: Increased e-commerce funding can intensify competition, potentially influencing pricing strategies and requiring manufacturers to adapt supply chains for online demand.
  • CONTEXT: This investment reinforces the ongoing trend of digital transformation and the growing importance of online sales channels in the Indian apparel market.
  • ACTION: Professionals should evaluate their e-commerce strategies, explore partnerships with online marketplaces, and monitor consumer shifts towards digital purchasing.
Affects:ManufacturersDistributorsRetailersWholesalersGarment ManufacturersSourcing ManagersBrand OwnersInvestors
E-commerceOnline MarketplaceRetail TechDigital TransformationApparel DistributionInvestment
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Online marketplace Snapdeal has raised an additional Rs 140 crore from Luxembourg based investor, Clouse SA. This funding round was announced by the company a little over six months ago, which saw the entry of Singapore based Brother Fortune Apparel Pte Ltd, as its investor in the financing round.

Earlier in February, Brother Fortune had invested about Rs 335 crore in Snapdeal. The investment entity represents several Chinese high net-worth individuals.

Bennett, Coleman & Co Ltd, the publisher of Times of India too had participated in the round and invested around Rs 25 crore.

– Apparel Talk, Indian Apparel

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