With an aim to tap the "huge opportunity" in the Indian e-commerce space and be a part of its growth story, a host of global players and private equity funds have been showing interest in the sector of late.
The latest case in point is Snapdeal.
On Thursday, US-based online retailer eBay led a group of investors, including Kalaari Capital, Nexus Venture Partners, Bessemer Venture Partners, Intel Capital and Saama Capital to invest USD 133.77 million (about Rs 830 crore) in the New Delhi-based Snapdeal.
According to media reports, this may hike US giants stake in the Indian online retailing company to 20 percent.
A recent CRISIL Research report pegs the online retailing to grow at a whopping 50-55 percent and becoming a Rs 50,000-crore industry by 2016.
Last year in April, Snapdeal had raised USD 50 million from E-Bay-led group of investors.
E-tailer Flipkart raised USD 360 million, over two rounds, last year. It raised USD 200 million in July 2013 through host of investors, like Tiger Global Management, Accel India Venture Fund, Iconiq Capital, MIH Holdings, Morgan Stanley and others. Three months later, in October 2013, it again raised USD 160 million.
Bangalore-based fashion portal Myntra raised about Rs 300 crore (USD 50 million) led by Premji Invest, Tiger Global, Accel Partners in February 2014. It had raised USD 25 million in May 2013. The company had said the funding was meant to strengthen its technology infrastructure and fund its growth initiatives.
In November 2013, Sequoia Capital and Info Edge (which owns Naukri.com) had put in USD 36.78 million into Zomato Media for an undisclosed stake.
This week, Mumbai-based infant and baby products portal Hopscotch secured USD 2 million from Singapore-based LionRock Capital, with participation from a group individuals including Nisa Godrej of Godrej Group, Skype co-founder Toivo Annus and Diapers.com, VCCircle.com, quoting The Times of India report, said.
BJP's Prime Ministerial candidate Narendra Modi has been batting for e-commerce. Speaking at the All India Traders Convention in Delhi on Thursday he said that traders should not worry about online trade and retailers must think of online retail as an opportunity.
Info Edge stock price
On February 28, 2014, at 11:14 hrs Info Edge India was quoting at Rs 636.65, down Rs 0.35, or 0.05 percent. The 52-week high of the share was Rs 707.00 and the 52-week low was Rs 285.00.
The company's trailing 12-month (TTM) EPS was at Rs 9.27 per share as per the quarter ended December 2013. The stock's price-to-earnings (P/E) ratio was 68.68. The latest book value of the company is Rs 60.95 per share. At current value, the price-to-book value of the company is 10.45.
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