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Snapdeal misses out on funding as SoftBank feuds with Kalaari Capital

Snapdeal misses out on funding as SoftBank feuds with Kalaari Capital

Friday, March 31, 2017, 8:32 AM

A rift between investors on the board of directors of online marketplace Snapdeal has led to the company missing out on at least two desperately needed funding offers over the past six months. The clash is between early and powerful Snapdeal investors Kalaari Capital and Nexus Venture Partners on one side, and SoftBank Group Corp., the company’s largest shareholder, on the other.
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