SnapDeal.com raises $12 Million

Jasper, the parent company of SnapDeal.com, one of India’s fastest growing e-commerce websites, which is already among the top 35 websites of India, in terms of traffic, has raised $ 12 mn from leading investors in the Indian digital space, Nexus Venture Partners and Indo US Venture Partners.
      
According to Mr. Kunal Bahl, CEO of Jasper, “The investment will help us to enhance our 300 person strong team by attracting world class talent and to further increase our reach within and outside India. It will also help us in inorganic expansion in the domain of marketing platforms for SMEs and well established brands”.
Jasper also owns other consumer marketing platforms like MoneySaver and the recently launched BabyBox. The company has operations across 50 cities in India, and has worked with over 50,000 retailers from various categories.