Snapdeal raises $12 mn led by Nexus Venture Partners, India’s largest daily deals site announced that it has received a $12mn investment led by Nexus Venture Partners. SnapDeal is India’s leading discount coupon platform for local services and products.

Speaking about the funding, Suvir Sujan, Managing Director, Nexus Venture Partners, said, “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.”

About SnapDeal is an innovative e-commerce service that drives large number of customers to retail businesses, by offering one very attractive deal everyday (50 – 90% off) on Dining, Health & Beauty, Recreation, Entertainment, Travel, Sports among others. is currently operational in 45 cities across India. This service, in addition to being an alternate marketing channel, is also one of the most effective tactical sales generation platforms for online and offline retailers through it is ability to aggregate buyers in a short span of time.

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