Bangalore: It has not been a week since Snapdeal acquired Shopo.in, an online retailer for designer and handicraft products, and now it has raised 280 Crore from three venture capital firms and angel investors from the round of funding that began in April with investment by eBay, reports Economic Times.

The three new investors, Intel Capital, Russian venture fund ru-Net and Saama Capital participated in this round that values Snapdeal at over Rs 1,000 crore. And the round also had participation from the company’s early investors viz. Bessemer Venture, Nexus Venture Partners and Indo-US Venture, along with a few angel investors.

"We split the investment into two parts. The first part was led by eBay and Japan's Recruit Co and this time we have three venture funds that have invested," said Kunal Bahl, cofounder of Snapdeal.com.

The fund raised is the largest in India's e-commerce sector this year, and it coincides with the entry of Amazon into the Indian market.

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