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Home Garage 210 TC Cotton King Floral Fitted (Elastic) Bedsheet(Pack of 1, Grey)
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Home Sizzler 214 cm (7 ft) Polyester Semi Transparent Door Curtain (Pack Of 2)(Floral, Maroon)
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Home Sizzler 153 cm (5 ft) Polyester Room Darkening Window Curtain (Pack Of 2)(Floral, Brown)
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There is a Possibility of merger of Snapdeal with Flipkart
It was discussed in the proposal in the board meeting of Softbank. Snapdeal and Flipkart are one of the leading E-commerce companies in India. There is a possibility of merger of Snapdeal in Flipkart. Softbank is the biggest investor in Snapdeal. If this possibility turns into reality then this will be the biggest acquisition ever in Indian E-commerce industry.
Points discussed in the meeting are not made public by Softbank but Selling of Snapdeal was also discussed with other points. Initial investors of Snapdeal – Kalaari Capital and Nexus Venture will also get 100 million dollars each from this proposed sale. Softbank can make its stake 20 % in the biggest ecommerce company of India. Softbank has 33% Share, Kalaari capital – 8 % Share and Nexus Venture Partner – 10%. Kunal Behl and Rohit Bansal are the founders of company with 6.5 % share.
Written by Bazaronweb
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