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India's Snapdeal raises $200 million led by Ontario Teachers' Pension Plan

Reuters

MUMBAI (Reuters) - Indian online marketplace Snapdeal has raised $200 million in a fresh funding round led by Canada's Ontario Teachers' Pension Plan, the company said. The latest fund-raising follows $500 million raised last August in a round led by Alibaba Group Holding , SoftBank Group Corp <9984.T> and Foxconn <2317.TW>. The e-commerce market in India is expected to grow to $220 billion in the value of goods sold by 2025, from an expected $11 billion this year, Bank of America Merrill Lynch said in a recent report. (Reporting by Himank Sharma; Editing by Gopakumar Warrier)