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Snapdeal.com earmarks Rs 100 crore for four more acquisitions
Posted On: 09-04-2012 22:23:59 PM

Jasper Infotech Pvt Ltd that runs the online retail portal Snapdeal.com has set aside Rs 100 crore for four acquisitions this year. The latest acquisition by the Company was the online sportswear retailer eSportsbuy.com. As per reports in the media, Kunal Bahl, CEO and co-founder of Snapdeal.com has said that beside e-commerce players in specific product categories, they are looking to acquire relevant technology firms that can add value to their business.

The Company had got over $50 million from private equity firms Bessemer Venture Partners, Nexus Venture Partners and Indo-US Venture Partners. Future plans of Snapdeal are about expanding the business in fashion and lifestyle offerings like perfumes, sunglasses and jewellery. The portal has 15 million registered users, features 500 brands in 200 categories with over 6,000 products; executes 7.5 lakh orders a month and delivers products to 4,000 towns and cities across India.

 
 
 

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