Sum greater than the parts, these two teams coming together will offer enhanced product portfolio, larger inventory, better delivery times, well grounded domain expertise and increased offline and online synergies. Post merger, PlaygroundOnline will continue to be the consumer face of the entity.
Sportsnest runs a very strong institutional business catering to the requirements of clubs, schools, academies and corporates focusing on cricket, apparel, footwear, team sports and racket sports.
“Blume is very happy to see two great teams merge and two diverse business models emerge that each can become a fairly large business. Blume and the teams also see efficiencies in rationalizing supply chain, taking on interesting new business models such as franchising, distribution of select brands and a pan-india B2B rollout in the imminent future.” Kartik Reddy, Managing Partner, Blume Ventures.
Earlier, Snapdeal acquired eSportsBuy to enter into this category.
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