Flipkart, the Indian eCommerce company moved to raise its offer of to up to $950 million for Snapdeal, boosting the chances of the deal going through. According to a report in Reuters, citing two sources familiar with the matter, Flipkart increased its offer to between...
India’s second- and third-largest eCommerce firms, Flipkart and Snapdeal, have been in talks for months about a possible alliance to keep ahead of Amazon, but Snapdeal wasn’t quite ready to sell out to Flipkart – at least, not for less than the $1-billion valuation Flipkart...
With its latest acquisition, Snapdeal is a very big deal in India. The online commerce company, which counts Softbank and eBay among its investors, announced yesterday (April 8) that it has acquired mobile transactions platform FreeCharge. The deal, which Snapdeal touts as “one of the...
August 01, 2017
Less than one week after Bangalore-based eCommerce company Flipkart’s rumored acquisition of New Delhi-based eCommerce company Snapdeal looked to be nearing completion, the deal has officially died. Tech Crunch reported news that Snapdeal’s board failed to approve the reported $900 to $950 million acquisition. Snapdeal will continue to operate as an independent company. “Snapdeal has been exploring […]
July 19, 2017
Flipkart, the Indian eCommerce company moved to raise its offer of to up to $950 million for Snapdeal, boosting the chances of the deal going through. According to a report...
July 06, 2017
India’s second- and third-largest eCommerce firms, Flipkart and Snapdeal, have been in talks for months about a possible alliance to keep ahead of Amazon, but Snapdeal wasn’t quite ready to...
April 09, 2015
With its latest acquisition, Snapdeal is a very big deal in India. The online commerce company, which counts Softbank and eBay among its investors, announced yesterday (April 8) that it...
