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India : SNAPDEAL set to raise $650M [TendersInfo (India)](TendersInfo (India) Via Acquire Media NewsEdge) Snapdeal is set to raise $600 million to $650 million from current investors, in a round of fundraising led by the Japanese SoftBank Corp. The online retailer will use the money to boost its operations. After Flipkart secured $1 billion in July, the amount, set to be the largest investment in India's expanding e-commerce industry, would be announced next week. (c) 2014 Euclid Infotech Pvt. Ltd. Provided by SyndiGate Media Inc. (Syndigate.info). [ Back To TMCnet.com's Homepage ] |