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April 1, 2013 03:49 pm GMT
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/c5-PlxzBOwQ/
EBay Builds Up Its BRIC Strategy, Leads $50M Investment In India E-Commerce Giant Snapdeal
Online e-commerce giant eBay last week said that it expects to have 12% of its sales coming from BRIC countries by 2015 in an global e-commerce market that will be worth $300 billion, and here is one more step in that strategy: it is leading a $50 million investment in Snapdeal, an online marketplace in India with 20 million users. Existing investors Nexus Venture Partners, Bessemer Venture Partners and IndoUS Venture Partners also participated.Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/c5-PlxzBOwQ/
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