SnapDeal, one of the prominent players in the Indian e-commerce marketplace segment, is looking to raise $150 million in its next round of funding.

As reported by India Digital Review, in April 2013, SnapDeal raised a Series C investment led by e-commerce giant eBay and other investors including Nexus Venture Partners, Bessemer Venture Partners and IndoUS Venture Partners.

In June 2013, the company again raised an investment of $50 million from venture capital firms like Intel Capital, Saama Capital, Russian Venture Fund, ru-Net and Angel Investors.

The company plans to use the money raised from the fresh round of funding to upgrade technology, for marketing and acquisitions, reported Business Line.

Snapdeal CEO, Kunal Bahl told the publication that the company was considering listing itself on a bourse in US. Bahl said, “Given our profitability curve, we can consider going public in a couple of years.”

However, he did not clarify if company’s plans to raise an additional round of funding and predicted sales around $1 billion in 2014-15.

SnapDeal claims to offer four million products from 20,000 sellers.