Mitsui has participated in the TV shopping and e-commerce company's third funding round, which follows a $25m series B round raised in 2011.
Naaptol Online Shopping, the India-based operator of a television shopping and e-commerce platform, has raised Rs 1.36bn ($21.5m) in series C funding from investors including conglomerate Mitsui, the Economic Times reported earlier today.
New Enterprise Associates (NEA), Canaan Partners and Silicon Valley Bank (SVB) also contributed funding to the round. Naaptol has not disclosed the valuation at which the money was raised, but its investors now own a majority stake in the company.
Canaan, NEA and SVB provided $25m for…
