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Snapdeal in talks with Flipkart, Paytm for potential sale

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.
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