Snapdeal, which is an online marketplace, is now in talks to secure to $100 million from both the new and existing investors, according to the report revealed.
The discussions between the Snapdeal and some other various investors are going to happen at value, which ranges from $800 million to $1.2 billion, said the announcement.
The company, as of now, received angel funding from the Piramal Group Executives Director, Anand Piramal. It got the INR 96 crore from the existing backer Nexus Ventures, Rohit Bansal, and Kunal Bahl, the Co-founder of the Snapdeal in the month of March 2017.
It had also secured the fresh funding round in the month of February 2016, which valued the company at around $6.5 billion.