The $6.5 billion valued Snapdeal is India’s first unicorn to have tasted success on the e-commerce platform. The Japanese investor, SoftBank has had a critical role to play with its 900 million investment in Snapdeal, marking its foothold in India. However, now it could not have been more eager for the much anticipated Snapdeal-Flipkart merger. The deal has been finalised at a revised takeover offer of up to $950 million, which includes only the marketplace business of Snapdeal and not their logistics arm, Vulcan or online payment system, Freecharge. What went down before the announcement Snapdeal’s biggest investor, SoftBank will take an equity stake in the post-merger Flipkart, to gain from India’s booming online industry. The merger was announced after quite a bit of complication, with Infibeam showing an interest in Snapdeal’s acquisition by a $700 million share-swap offer. Snapdeal owners, Kunal Bahl and Rohit Bansal showed an inclination towards that since they would have...
Do y’all remember when Durex “launched” ground-breaking Baingan flavored condoms and internet lost its shit?
Weeeeelll, this time it’s Manforce India. They have just announced “the very Indian, tangy and tantalizing Acchari” range of flavored condoms
Comments
Post a Comment