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Snapdeal has just USD 100 Million in the bank

Snapdeal has just USD 100 Million in the bank

Tuesday, February 28, 2017, 2:33 PM

E-commerce firm Snapdeal, is left with just over USD 100 million in the bank. The company is trying to reduce its cash burn which includes people's cost, fixed overheads and technology cost. It has brought down its burn rate to around USD 10 million per month against around USD 30 million in December. It has also reduced discounts to both sellers and buyers.
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