eBay invests big in Indian ecommerce outfit Snapdeal

eBay has inked a partnership with Indian ecommerce outfit Snapdeal that will see it lead a US$50-million investment in the three-year-old online retailer.According to the Wall Street Journal, the funding round values Snapdeal at US$250-million and is believed to include participation from the likes of Intel Corp.’s Intel Capital, Nexus Venture Partners and other companies.“The partnership seeks …

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