Alibaba would invest the cash at a valuation of about $5bn, only months after SoftBank invested $627m in Snapdeal at a $1.9bn valuation.
E-commerce company Alibaba has begun talks with India-based e-commerce company Snapdeal over a Rs 62bn ($990m) investment, the Economic Times reported today.
Snapdeal has raised more than $1bn in funding from investors including telecommunications company SoftBank, which paid $627m for a 30% stake in October 2014.
Other backers include e-commerce company Ebay, semiconductor technology provider Intel, Ru-net, Saama Capital, Nexus Venture Partners, Kallari Capital, Bessemer Venture Partners, Myriad, Tybourne, PremjiInvest, Black Rock and Temasek.
Reports last month suggested Snapdeal is…
