New Delhi: E-commerce company Snapdeal.com is not looking to raise money immediately and is well capitalised for the next couple of years, a top executive said on Tuesday.
The SoftBank Corp backed company trails Flipkart in India`s $12 billion online shopping market, with Amazon.com Inc`s India unit close behind in third place, as measured by gross merchandise volume.
Snapdeal raised $627 million from Japan`s SoftBank in October last year.
Chief Executive Kunal Bahl said Snapdeal had not yet used that money yet. "
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