Snapdeal gets ₹113 cr emergency funding from Founders, Nexus

E-commerce startup Snapdeal has received ₹113 crore in an emergency funding round from existing investor Nexus Venture Partners and Co-founders Kunal Bahl and Rohit Bansal. Nexus put ₹96.26 crore in the latest round, while Snapdeal Co-founders contributed ₹8.45 crore each. The emergency funding comes amid reports that Snapdeal's largest investor SoftBank is pushing for a Snapdeal-Flipkart merger.