Big-ticket investments continue to flow into the country’s e-commerce sector. With Japan’s telecom and media major SoftBank on Tuesday pumping a cumulative $840 million into Snapdeal and Olacabs, total investment in e-commerce firms crossed the $3-billion mark in the first 10 months of the year. This is nearly a five-fold jump from 2013.
SoftBank announced a funding of $627 million into e-tailer Snapdeal, apart from investing a further $210 million into Olacabs, an online market place for cabs and car rental services.
The $627-million investment in Snapdeal, at an estimated valuation of nearly $3 billion, makes SoftBank the largest investor in the homegrown e-tailer.
Here are some top investments in 2014 (in value terms):
Aggregate PE investments in e-commerce firms in 2014 YTD: $3,005 million
Aggregate PE investments in e-commerce firms in 2013: $644 million
July 2014: Flipkart
Amount invested: $1,000 mn
Prominent PE investors: Accel Partners, Tiger Global, Morgan Stanley, Digital Sky, GIC Special Investments, Naspers, Sofina, Iconiq
Oct 2014: Snapdeal
Amount invested: $627 mn
Prominent PE investors: Softbank and other existing investors
Oct 2014: Olacabs
Amount invested: $210 mn
Prominent PE investors: Softbank, Tiger Global, Matrix Partners India, Steadview Capital
May 2014: Flipkart
Amount invested: $210 mn
Prominent PE investors: Naspers, Tiger Global Management, DST Global, Iconiq Capital
Feb 2014: Snapdeal
Amount invested: $134 mn
Prominent PE investors: Kalaari Capital, Nexus Venture Partners, Bessemer Venture Partners, Intel Capital and Saama Capital
May 2014: Snapdeal
Amount invested: $100 mn
Prominent PE investors: Premji Invest, Temasek Holdings, BlackRock, Myriad and Tybourne
March 2014: Quickr
Amount invested: $90 mn
Prominent PE investors: Kinnevik, Warburg Pincus, eBay, Omidyar Network, Matrix Partners India, Nokia Growth Partners & Norwest Venture Partners
Sept 2014: Quickr
Amount invested: $60 mn
Prominent PE investors: Tiger Global Management, Kinnevik, Matrix Partners India, Nokia Growth Partners, Norwest Venture Partners, Omidyar Network, Warburg Pincus and eBay Inc.
Aug 2014: Foodpanda
Amount invested: $60 mn
Prominent PE investors: Falcon Edge Capital and Rocket Internet AG
Feb 2014: Myntra
Amount invested: $50 mn
Prominent PE investors: Premji Invest, Tiger Global, Accel Partners, IDG Ventures India and Kalaari Capital
July 2014: Olacabs
Amount invested: $42 mn
Prominent PE investors: Steadview Capital, Sequoia Capital, Tiger Global and Matrix Partners India