From being at the brink of a virtual wipe-out from the rather punishing Indian e-commerce market to emerging as a rare money making e-commerce entity, Snapdeal has had quite a turnaround. And looks like that turnaround had gone down well with the investor community.

A report from Times of India now states, that Snapdeal could well be looking at raising a fresh $100Mn at a $800Mn-$1.2Bn Valuation. Softbank could be putting in half of that money with new investors like to put in the rest. The talks are still preliminary though and may or may not result in a final Raise.

Developing…