Mumbai, India – Snapdeal, a daily deals site based in India,
announced that it has raised $12 million in financing, led by Nexus Venture
Mumbia-based Snapdeal is a product of marketing firm Jasper, and
claims to be the largest daily deals site in India.
"India is a country
full of small and medium businesses offering consumer services and goods.
Snapdeal is already emerging as the leading online couponing site in India for
these local businesses in over 30 cities across India," said Nexus
managing director Suvir Sujan.