Snapdeal received $500 million from Asia’s top tech companies

It’s common for people to focus so much on China’s growth that they forget about India, but the country is becoming much harder to ignore, especially where e-commerce is concerned. The e-commerce market in India is exploding right now, with foreign companies like Amazon pouring billions into their India operations while local companies like Flipkart have raised billions in funding to expand their operations. The latest such company to do so is Snapdeal, a New Delhi-based startup that just received $500 million in funding from some of the largest tech companies in Asia, bringing its total funding to about $1.6 billion.