The e-commerce company, already backed by SoftBank, Ebay, Intel, Myriad and Ru-net, is in talks with the telecom company over a round that would more than double its overall funding.
Jasper Infotech, the India-based owner of e-commerce company Snapdeal, is in talks with Japan-based telecommunications company SoftBank concerning a funding round that could reach $500m, VCCircle reported yesterday.
Founded in 2010 as a Groupon-like daily deals provider, Snapdeal has since evolved into a wider ranging online marketplace, growing to a 25 million-strong member base and more than 50,000 sellers.
The company raised $100m in May from software developer Myriad, Tybourne, PremjiInvest, Black Rock and Temasek, bringing its total funding to…
