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    HomeNewsBusinessCompaniesSnapdeal raises $200 mn led by Ontario Teachers' Pension Plan

    Snapdeal raises $200 mn led by Ontario Teachers' Pension Plan

    The e-commerce market in India is expected to grow to USD 220 billion in the value of goods sold by 2025, from an expected USD11 billion this year, Bank of America Merrill Lynch said in a recent report.

    February 15, 2016 / 11:25 IST

    Indian online marketplace Snapdeal has raised USD 200 million in a fresh funding round led by Canada's Ontario Teachers' Pension Plan, the company said.

    The latest fund-raising follows USD 500 million raised last August in a round led by Alibaba Group Holding, SoftBank Group Corp and Foxconn.

    The e-commerce market in India is expected to grow to USD 220 billion in the value of goods sold by 2025, from an expected USD11 billion this year, Bank of America Merrill Lynch said in a recent report.

    first published: Feb 15, 2016 10:51 am

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