Snapdeal-Flipkart merger talks stretch over fate of smaller units

Snapdeal's valuation has come down from $6.5 bn to less than $1 bn over the past year

Karan Choudhury  |  New Delhi 

It is not an easy task to orchestrate the biggest consolidation in Indian e-commerce history.  Even as Flipkart goes through Snapdeal’s (which it intends to absorb) books of accounts, three separate sets of talks are on to decide on the other entities under the Jasper Infotech umbrella. Snapdeal's valuation has come down from $6.5 billion to less than $1 bn over the past year. Three months earlier, SoftBank, the Japanese conglomerate and Snapdeal's largest investor, had initiated the process to sell the beleaguered online marketplace to bigger rival ...

TO READ THE FULL STORY, SUBSCRIBE NOW AT JUST Rs 149 A MONTH

Key stories on business-standard.com are available to premium subscribers only.

LOGIN

EMAIL / USER NAME
PASSWORD
REMEMBER ME Forgot password?
LOGIN

Not a member yet ? Resister Now

Connect using any below

  • Don't lose the opportunity of saving $26.77 per month
  • Don't lose the opportunity of saving $26.77 per month
Total Amount
Rs. 0.00
To proceed, kindly select a subscription package

WHAT YOU GET

On Business Standard Digital

  • Access your subscription from anywhere. Be it your computer, tablet or smartphone using a browser or the App, Your Choice.
  • Access to exclusive content, features, opinions and comment, hand-picked by our editors, just for you.
  • Pick your 5 favourite companies. Get all the news upates at the end of each day through E-Mail.
  • Pick the industry that you want to track. And get a daily news letter specific to that industry. Cut out the clutter.
  • And stay on top of your investments. Track stock prices in your portfolio
  • Access 18 years of archival data

On Digital

  • Seamless access to WSJ.com with your Business Standard digital account.
  • Experience the best of the Journal's reporting, video and interactive features.
  • Read about the people and events shaping business, finance, technology, politics, technology and culture.
  • Stay informed with newsletters - an easy way to get WSJ content straight to your inbox - making life easier on your busiest days.
  • More business executives read the Journal globally than any other publication.
*Note :
Our Partners are proud to be associated with this initiative and will contribute Rs 100 x 6 months thereafter, standard rate of Rs 149 will be charged.
Offer valid for Indian residents only
Requires you to share personal information like PAN, Date of Birth, and Income.
*Annual saving on WSJ subscription price of US$ 347.88 (12 months @ US$ 28.99 per month)
* 1US$ = 67.50 INR.
*Please note that this offer is not valid if you are/were a registered/existing user on WSJ Digital

Snapdeal-Flipkart merger talks stretch over fate of smaller units

Snapdeal's valuation has come down from $6.5 bn to less than $1 bn over the past year

It is not an easy task to orchestrate the biggest consolidation in Indian e-commerce history. Even as Flipkart goes through Snapdeal's (which it intends to absorb) books of accounts, three separate sets of talks are on to decide on the other entities under the Jasper Infotech umbrella.Snapdeal's valuation has come down from $6.5 billion to less than $1 bn over the past year. Three months earlier, SoftBank, the Japanese conglomerate and Snapdeal's largest investor, had initiated the process to sell the beleaguered online marketplace to bigger rival Flipkart.A non-binding term sheet to start the due-diligence process by Flipkart for Snapdeal is expected to be signed in the next few days between the two parties.Snapdeal founders Kunal Bahl and Rohit Bansal, and its investors, including Nexus Venture Partners (NVP), SoftBank and Kalaari Capital, are undecided on the fate of Vulcan Express, FreeCharge and Unicommerce, the three smaller units."There are separate discussions on for all the .. It is not an easy task to orchestrate the biggest consolidation in Indian e-commerce history.  Even as Flipkart goes through Snapdeal’s (which it intends to absorb) books of accounts, three separate sets of talks are on to decide on the other entities under the Jasper Infotech umbrella. Snapdeal's valuation has come down from $6.5 billion to less than $1 bn over the past year. Three months earlier, SoftBank, the Japanese conglomerate and Snapdeal's largest investor, had initiated the process to sell the beleaguered online marketplace to bigger rival ... image
Business Standard
177 22