NEWS

News : e-Bay funds Snapdeal with an additional $134 M

eBay Inc leads funding for Snapdeal along with other investors. With a total investment of $134M .This is the organisation’s...
Mobile branding @LogicserveDigi

eBay Inc leads funding for Snapdeal along with other investors. With a total investment of $134M .This is the organisation’s second round of investment on this e-commerce portal.  This seems like a strategic move from e-bay’s end to invest in emerging markets. The new funding comes in less than an year as it had already raised $50M from the firm.

Mobile shopping growth @LogicserveDigi

e-Bay started off with Bazee .com and has now expanded its Indian presence with Snapdeal

LogicSpeak : We can see that many international e-commerce portals are investing in India due to its emerging markets. This is a sure sign of growth within the country and with various reports and studies pointing out to increase use of online space for shopping, this investment may give e-Bay a strong stand in India.

Overall this is good news for e-commerce space.

Link : http://bit.ly/N5QJ7o

SHARE
RELATED POSTS
Rich E-Commerce companies spend more this festive season
News: Funds-Rich E-Commerce Players to Spend Heavily On Ads This Festive Season
eBay Strategy to target mobile users @LogicserveDigi
News: eBay Strategy – Target Mobile Internet Users
News: India’s Ecommerce Slated to Grow up to $43bn in 5 Years: Nomura India Reports

Leave Your Reply

*