As Groupon’s business in India continues to hit snags, a homegrown daily deal company is quickly snatching up market share in the local deal space. New Delhi-based Snapdeal.com, which, like Groupon features daily deal coupons at discounted rates, announced today that it has raised $40 million in series B funding from Bessemer Venture Partners, along with contributions with existing investors Nexus… → Read More
A village in India has decided to rename itself and henceforth be known as Snapdeal.com Nagar (which means town). Snapdeal.com being an online couponing company that recently raised $12 million and has the lead over Groupon in India in the local ecommerce space.
So what gives? This isn’t exactly the first time anything like this has happened (mostly for cheap publicity scoring reasons), but the… → Read More
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