Funding round
Snapdeal Series D
Snapdeal, which works in online marketplace retail in New Delhi, raised $50M in a Series D round announced on 6 Jun 2013, led by eBay, Bessemer Venture Partners, Nexus Venture Partners and Indo-US Venture Partners, at a $176M post-money valuation. 8 firms took part, 3 of them already investors. It is Snapdeal's first venture round on record.
$50M
Amount raised
$176M
Post-money valuation
$126M pre-money
8
Investors
4 leads
28%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Snapdeal at $176M after the new money. The $50M bought investors about 28% of the company. It is Snapdeal's first venture round on record, 3 years after it was founded in 2010. It is 8.8% of the $567M Snapdeal has raised in the venture rounds on record. Snapdeal raised again 26 months later: a Growth round of $500M in Aug 2015, at $5.00B post-money.
Snapdeal's funding rounds
Snapdeal has 3 venture rounds on record. This one is highlighted.
Investors
Who put money in
eBay, Bessemer Venture Partners, Nexus Venture Partners and Indo-US Venture Partners led the round with 4 other firms. Bessemer Venture Partners, Nexus Venture Partners and Indo-US Venture Partners had backed Snapdeal before.
Lead investors
- eBay new investor
- Bessemer Venture Partners backs 412 venture-backed companies existing investor
- backs 99 venture-backed companies existing investor
- Indo-US Venture Partners existing investor
Also in the round
- Intel Capital backs 239 venture-backed companies new investor
- Recruit Holdings new investor
- ru-Net new investor
- backs 28 venture-backed companies new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to scaling operations.
- Scaling operations
Comparable rounds
How it compares
The closest in time: Series D rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Digital & Marketing Agencies | 11 Jun 2013 | $43M | not disclosed | Insight Partners |
| Digital & Marketing Agencies | 27 Aug 2013 | $14M | not disclosed | Venrock |
| Tech Companies | 19 Aug 2013 | $5.1M | not disclosed | not named |
| Tech Companies | 12 Aug 2013 | $5.0M | not disclosed | not named |
| Tech Companies | 6 Mar 2013 | $50M | $500M | Technology Crossover Ventures |
| Travel Agencies | 5 Sep 2013 | $45M | not disclosed | Coatue |
| Laboratory Equipment & Supplies | 13 Mar 2013 | $20M | not disclosed | Bay City Capital |
| Tech Companies | 16 Oct 2013 | $40M | not disclosed | Bregal Sagemount |
Sources
Where this comes from
Reported by 2 sources. The deal data marks this round as not yet confirmed by an official announcement. Unconfirmed
Questions
Frequently asked
How much did Snapdeal raise in its Series D round?
Snapdeal raised $50M in its Series D round, announced in Jun 2013.
Who led Snapdeal's Series D round?
eBay, Bessemer Venture Partners, Nexus Venture Partners and Indo-US Venture Partners led it, with Intel Capital, Recruit Holdings, ru-Net and Saama.
What was Snapdeal's valuation at the Series D round?
$176M post-money ($126M pre-money).
Did Snapdeal raise again after this round?
Yes: a Growth round in Aug 2015 of $500M at $5.00B post-money.