Jasper Innovative Marketing Solutions is in talks with three venture capital firms to sell a small stake, Economic Times reports. Bessemer Venture Partners, Nexus Venture Partners and Indo-U.S. Venture Partners may invest $44.8 million in the Indian online start-up.
The deal will value the firm at about $224 million. Jasper, owner of the group buying site snapdeal.com, will use the funding to recruit executives and to offer new products to customers.