Ontario Teachers’ Pension Plan Leads $200-Million Investments in Snapdeal

E-commerce giant Snapdeal has raised a $200 million round.

The massive round was led by the Ontario Teachers’ Pension Plan.

The transaction values the India-based Snapdeal at more than $6 billion.

Last year Snapdeal raised $500 million at a $5 billion valuation.

The Ontario Teachers’ Pension Plan is among the largest pension funds in the world.

Other investors in the deal include Brother Fortune Apparel and Iron Pillar, a venture capital firm.

The Ontario Teachers’ Pension Plan purchased nearly eight million shares of BlackBerry during the company’s last fiscal quarter.

Documents filed with U.S. regulators on Friday show that the pension plan acquired the shares over three months ending September 30. The pension plan now owns a total of 8.2 million shares, worth roughly $90 million today.

The company’s largest shareholder remains Prem Watsa through his investment firm, Fairfax Financial. Watsa is a board member of the Canadian tech titan.

Last week BlackBerry was named Canada’s most innovative company for the second year in a row. Shares in the Waterloo-based smartphone maker are up 6% in trading today.