EBay Helps Snapdeal, an EBay Wannabe in India

A U.S.-led group has invested $50 million in startup Snapdeal
Photograph by Paul Taylor/Getty Images

Shilpa Gupta and her colleagues have caught the online shopping bug. Each morning the human resources staffers for an Indian newspaper try to guess whose purchases will arrive that day. Increasingly, their packages arrive from Snapdeal.com, one of India’s fastest-growing e-commerce sites. The three-year-old startup has caught the attention of EBay, which recently led a group that invested $50 million in the 1,000-employee New Delhi company.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.