Flipkart makes revised offer for Snapdeal

Flipkart makes revised offer for Snapdeal

Flipkart has made a revised offer for Snapdeal, one of its key competitors in the Indian e-commerce sector. The size of the offer has been variously reported as around $900m or about $950m – with Bloomberg’s sources offering the higher figure.

Snapdeal’s board rejected an initial offer earlier this month.

Bloomberg claimed that Japan’s SoftBank Group Corp., which backs Snapdeal, and New York’s Tiger Global Management, a Flipkart investor, are keen to see a merger, which has been under discussion for some time.

Flipkart and Snapdeal have been the two big players in the Indian market, but they have been facing strong competition from Amazon in recent years.

 

Relevant Directory Listings

Listing image

PasarEx

PasarEx is a Colombian company that provides international express transportation services for air cargo, packages and documents, and last mile services for electronic commerce platforms. PasarEx is positioned in the logistics market in Colombia due to its rapid response and personalized attention and the use […]

Find out more

Other Directory Listings

Advertisement

Advertisement

Advertisement

P&P Poll

Loading

What’s the future of the postal USO?

Thank you for voting
You have already voted on this poll!
Please select an option!



MER Magazine


The Mail & Express Review (MER) Magazine is our quarterly print publication. Packed with original content and thought-provoking features, MER is a must-read for those who want the inside track on the industry.

 

News Archive

Pin It on Pinterest

Share This