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NEW DELHI: E-commerce main Snapdeal is aiming to go for an preliminary public providing (IPO) of $200-250 million by March subsequent yr, stated three folks in know of the matter.
As soon as among the many high three e-commerce gamers in India, together with Flipkart and Amazon, the SoftBank- and Alibaba-backed firm pivoted its enterprise mannequin to cater to the value-conscious section of the home market after a possible acquisition by rival Flipkart fell via.
“Whereas the founders are unlikely to promote their shares, the prevailing shareholders, each home and international, will not be planning to promote a lot,” stated a supply. A Snapdeal spokesperson didn’t reply to a questionnaire emailed by TOI.
As soon as among the many high three e-commerce gamers in India, together with Flipkart and Amazon, the SoftBank- and Alibaba-backed firm pivoted its enterprise mannequin to cater to the value-conscious section of the home market after a possible acquisition by rival Flipkart fell via.
“Whereas the founders are unlikely to promote their shares, the prevailing shareholders, each home and international, will not be planning to promote a lot,” stated a supply. A Snapdeal spokesperson didn’t reply to a questionnaire emailed by TOI.
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