Research & investing information company Jasper Infotech announced it has raised $133.8 million in funding round led by existing investor eBay, making it one of the largest capital raising rounds by an Indian digital commerce venture in recent times.
Apart from eBay, the company’s other institutional investors, which include venture capital firms Nexus Venture Partners, Kalaari Capital, Bessemer Venture Partners, Intel Capital and Saama Capital, have also participated in the latest round of funding.
This takes the total funds raised by Snapdeal to well over $200 million across five rounds. The financial terms of the transaction were not disclosed.
The development comes less than a month after online fashion retailer Jabong raised over $100 million from a clutch of investors, led by British development finance institution CDC, which invested $27.5 million in the Gurgaon-based company.
Separately, Bangalore-based fashion retailer Myntra had also raised $50 million from Wipro Chairman Azim Premji’s family office, PremjiInvest, earlier in January.
Tags: Venture Capital, Venture Capital Firm, Venture Capital Group, Venture Capital Industry, Venture Capital Investment, Venture Capital Investor, Venture Capital Fund, VC Funding, VC, Jasper Infotech, eBay, Indian Digital Commerce Venture, Nexus Venture Partners, Kalaari Capital, Bessemer Venture Partners, Intel Capital, Saama Capital, Snapdeal, Jabong, Britain, CDC, Gurgaon, Bangalore, Myntra, Wipro, Azim Premji, Family Office, PremjiInvest.