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.
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