Snapdeal.com, India’s largest online marketplace has announced that Ratan Tata, Chairman Emeritus, Tata Sons, has made a personal investment in the company. The company did not disclose the exact amount Tata has invested.
Snapdeal currently houses over 5 million products across 500+ diverse categories from over 50,000 sellers. Speaking about this, Kunal Bahl, co-Founder & CEO, Snapdeal.com said in a press statement,
“This is a very proud and exciting moment for the entire Snapdeal family. An investment by a legendary and respected figure like Mr. Tata is an excellent validation of our focused strategy on building a long-term enterprise and marks the start of a very important phase for the company.”
This comes a day after Tata Value Homes, a 100 per cent subsidiary of Tata Housing, entered into a strategic partnership with Snapdeal.com to allow consumers to purchase homes online. They would together offer online booking of all Tata Value Homes projects on the Web site. Snapdeal members would be able to book a home online by paying just INR 30,000.
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