TAIPEI/NEW DELHI -- Snapdeal, a leading Indian e-commerce company, has secured a combined $500 million in funding from Taiwan's Foxconn Technology, China's Alibaba Group and Japan's SoftBank in the latest round of its battle for market share with U.S.-based Amazon and homegrown Flipkart, a person familiar with the investment told the Nikkei Asian Review on Monday.
The deal is expected to give the three prominent Asian tech companies significant e-commerce footholds in one of the world's fastest growing economies.
