27 Jul

Flipkart is all set to buy rival Snapdeal in major Indian e-commerce consolidation

 The long running saga over the future of Indian e-commerce firm Snapdeal may be close to a conclusion at last. The company has been repeatedly link with an acquisition by rival Flipkart, and now a deal worth a touch under $1 billion has been agreed to in principle. That’s according to a report from Reuters which claims the Snapdeal board has signed off on a takeover from Flipkart that… Read More
Source: TechCrunch – Funding and Exits

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