Snapdeal in talks with Flipkart, Paytm for potential sale
Wednesday, March 22, 2017, 9:37 AM
Online marketplace Snapdeal, which has been struggling to raise fresh funds, is in preliminary talks with two of its biggest rivals Paytm E-Commerce Pvt. Ltd and Flipkart India—for a potential sale that could value the company at less than the total equity raised by parent Jasper Infotech Pvt. Ltd, according to three people aware of the development.