HomeNewsSoftBank-Backed Snapdeal Weighs $400 Million Mumbai IPO
SoftBank-Backed Snapdeal Weighs $400 Million Mumbai IPO
Indian e-commerce retailer Snapdeal Pvt is considering an initial public offering that could raise about $400 million, joining a growing list of startups preparing to tap capital markets as the nation’s digital economy booms.
Representatives for Snapdeal and SoftBank declined to comment.
Four years ago, Snapdeal walked away from a potential merger with Flipkart, which would have united the two local-e-commerce companies against Amazon.
