Ali’s investment in ndia electricity supplier website Snapdeal financing 200 million

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Phoenix Technology News Beijing on February 15th news, according to Reuters, India electricity supplier website Snapdeal said on Monday that the company has raised $200 million in a new round of financing, this round of financing by the Canadian province of Ontario Teachers Retirement Fund (Ontario Teachers Pension Plan) led.

in the latest round of financing, Snapdeal has raised $500 million in August last year, this round of financing by the Alibaba group, Softbank and Foxconn led.

Merrill Lynch recently released a report that, by 2025, India electricity supplier market sales are expected to grow to $220 billion, much higher than this year’s $11 billion. (compiler / Xiao rain)

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