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Snapdeal gets ₹113 cr emergency funding from Founders, Nexus
short by Pragya Swastik / on Monday, 29 May, 2017
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.
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