Ratan Tata invests in Snapdeal.com

August 27, 2014 12:47

Ratan Tata, Tata Sons Chairman Emeritus, has invested in online marketplace Snapdeal.com. "Mr Tata has made a personal investment in the company," Snapdeal cofounder and CEO Kunal Bahl said. The investment amount, however, was not disclosed. "This stands testimony to the growth and success that we have seen in a short span of 4 years," Bahl said. Snapdeal, which has raised about USD 400 million since its inception, has invested about USD 100 million in logistics and operations to expand its presence in the USD 3 billion Indian eCommerce market.

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