Funding round
Snapdeal Growth
Reported as "Growth Equity"
Snapdeal, which works in online marketplace retail in New Delhi, raised $500M in a Growth round announced on 1 Aug 2015, led by Alibaba Group, Foxconn and SoftBank, at a $5.00B post-money valuation. 7 firms took part, 6 of them already investors. It is Snapdeal's second venture round on record; the one before was a Series D in Jun 2013.
$500M
Amount raised
$5.00B
Post-money valuation
$4.50B pre-money
7
Investors
3 leads
28x
Step-up from the Series D
$176M in Jun 2013
10%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Snapdeal at $5.00B after the new money, 28.4 times the $176M of its Series D (Jun 2013). The $500M bought investors about 10% of the company. It came 26 months after Snapdeal's Series D. It is 88% of the $567M Snapdeal has raised in the venture rounds on record. Snapdeal raised again 21 months later: a Growth round of $17M in May 2017.
Snapdeal's funding rounds
Snapdeal has 3 venture rounds on record. This one is highlighted.
Investors
Who put money in
Alibaba Group, Foxconn and SoftBank led the round with 4 other firms. Alibaba Group, SoftBank, Temasek and BlackRock and 2 more had backed Snapdeal before.
Lead investors
- Alibaba Group existing investor
- Foxconn new investor
- SoftBank existing investor
Also in the round
- Temasek backs 195 venture-backed companies existing investor
- BlackRock existing investor
- Myriad existing investor
- Premji Invest backs 50 venture-backed companies existing investor
Use of proceeds
What the money is for
According to the announcement, the money goes to geographic expansion, sales and marketing and scaling operations.
- Geographic expansion
- Sales and marketing
- Scaling operations
Comparable rounds
How it compares
The closest in time, other companies' Growth rounds in Online Marketplace:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Online Marketplace | 18 Aug 2015 | undisclosed | not disclosed | Primus Capital |
| Flipkart Online Marketplace | 20 Dec 2014 | $700M | $15.50B | not named |
| Online Marketplace | 11 Apr 2016 | $40M | $1.50B | not named |
Sources
Where this comes from
Reported by 6 sources.
Questions
Frequently asked
How much did Snapdeal raise in its Growth round?
Snapdeal raised $500M in its Growth round, announced in Aug 2015.
Who led Snapdeal's Growth round?
Alibaba Group, Foxconn and SoftBank led it, with Temasek, BlackRock, Myriad and Premji Invest.
What was Snapdeal's valuation at the Growth round?
$5.00B post-money ($4.50B pre-money).
Did Snapdeal raise again after this round?
Yes: a Growth round in May 2017 of $17M.