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The Highest VC Investments In 2011 In India
By Anamika Sahu, SiliconIndia
Naaptol.com
The online shopping site Naaptol.com had raised $25 million in VC investment from New Enterprise Associates, and saw the participation of existing investors Canaan Partners and Silicon Valley Bank in August 2011. The funds were raised to fuel Naaptol’s massive hiring plans and to invest in its Internet business, supply chain and inventory. Founded in 2008 by Manu Aggarwal, the company had previously raised $ 7 milion from Canaan Advisors, including a fresh issue of shares and acquisition of shared by Bennett Coleman & Co. Naaptol had also raised 
7 crore from the Silicon Valley Bank in 2010.
