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 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