Online retailer Snapdeal will rise $600 to $650 million [Rs. 3,660 crore to Rs. 3,965 crore] investment from the existing investors to expand its operations. This is going to the biggest investment ever in Indian e-commerce platform after Flipkart and Amazon announcing USD 1 billion and 2 billion investment earlier this year.

Japan's SoftBank Corp, eBay Inc, Temasek Holdings Pvt Ltd and Ratan Tata are going to be the investors in Snapdeal however, all the investors and Snapdeal declined to comment on this. India's e-commerce industry could quadruple to $43 billion over the next five years and so all the giants e-commerce retailers are leaving to stone to expand their operations as much as they can.

(AW: Vamshi)