Home-shopping television operator and e-commerce retailer Naaptol has raised ₹3.43 billion (US$51 million) through a new round of funding from Japanese conglomerate Mitsui & Co.
The latest round of equity financing comes less than seven months after Naaptol raised ₹1.36 billion in an earlier round led by Mitsui in April 2015. The new funding brings Mitsui’s stake in Naaptol to 20%.
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