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June 02, 2013

Deal Alert: Snapdeal acquires Sequoia backed Shopo.in

Online group buying service Snapdeal.com has acquired the assets of Shopo.in, a portal for Indian designer and handcrafted products. Shopo’s investors included Sequoia Capital and Sashi Reddi, among other angels. In a span of two years, the company, started by Theyagarajan S and Krithika Nelson, has built a wide assortment of handcrafted products across categories such as apparel, accessories, home d├ęcor, among others.

From the Venture Intelligence PE Deal database: In April-13, Snapdeal raised a fresh round of $50 million led by eBay with participation from existing VC investors Kalaari Capital, Nexus Ventures, Samaa Capital and Recruit Strategic Partners, Junglee founders Venky Harinarayan and Anand Rajaraman and The Entrust Group.

Source: Yourstory.in

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