Alibaba, Foxconn and SoftBank co-led the round, originally reported earlier this month, while eBay partially exited the India-based e-commerce company.

India-based e-commerce company Snapdeal confirmed a $500m funding round co-led by e-commerce group Alibaba, contract manufacturer Foxconn and telecommunications and internet conglomerate Softbank today.

The round also included mobile software provider Myriad, Singaporean state-backed fund Temasek, investment manager BlackRock and investment firm PremjiInvest. It was originally reported two weeks ago.

Snapdeal operates an e-commerce marketplace that lists around 15 million products, supplied by a total of about 150,000 sellers.

Kunal Bahl, CEO and co-founder of Snapdeal, said: “We want…

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