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Bangalore-based O2O deals marketplace, Little, has raised an undisclosed amount of funding from Singapore’s sovereign wealth fund GIC.
The new round of funding is an extension of the July round, in which the company had raised $50 Mn from Paytm along with participation from Tiger Global Management and SAIF Partners.
Manish Chopra, founder of Little, said, “Given the current climate where everyone is talking about funding tightening up, it’s great to have an investor who has a long-term view.”
During the early funding, the company statement said that Little is building the largest O2O supply side infrastructure and will offer 50,000+ live deals across 11 cities by March 2016.
Paytm’s CEO Vijay Shekhar Sharma added that Little will bring millions of hyperlocal deals to Paytm consumers. It will synergise country’s largest mobile wallet and Little app offerings to create online-to-offline models.
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