Snapdeal gets fresh round of funding

Leading online retailer Snapdeal.com  has raised $133.7 million (nearly Rs 700 crore) from existing investors including the US-based eBay.

Kunal Bahl, co-founder and chief executive, Snapdeal, in a media interaction, said, “We view eBay’s second round of investment in Snapdeal as an endorsement of our strategy and progress. In addition, all our current institutional investors have participated in this round of funding as well.”

Snapdeal sells a wide range of products including apparel, electronics and books.