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Sovereign Wealth Funds Briefing - Categorized | Market

Indian eBay Affiliate Snapdeal Lures Temasek, BlackRock

Posted on 22 May 2014

Indian eBay Inc. affiliate Snapdeal.com on Wednesday, May 21, announced its second financing round of the year. The $100 million fundraising from an international investor group is understood to value the company at as much as $1 billion and provides cash to invest in infrastructure and winning new customers.
Snapdeal, of New Delhi, said its backers were Singapore sovereign wealth fund Temasek Holdings Pte. Ltd., New York’s BlackRock Inc., Myriad Asset Management and Tybourne Capital Management Ltd., both of Hong Kong. Premji Invest, the investment vehicle of Wipro Ltd., and Wipro Chairman Azim Premji…………………………………….Full Article: Source


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