Snapdeal to rake in the moolah? Know why!
Advertisement

Advertisement
Chinese ecommerce giant The report also stated that the group of potential investors has already started the due-diligence process last week.
Apart from Alibaba, Taiwanese Alibaba will be joined by Taiwan's based electronics contract manufacturing company
Earlier this year, Alibaba made its first major investment in India when it signed a $550 million cheque for a strategic stake in online payment company Paytm.
Nevertheless, the report also noted that there is no clarity on the quantum of the funds that Snapdeal is likely to raise. While some have suggested that Snapdeal will raise close to $500 million, with Alibaba expected to invest close $150 billion, others have stated that the company will raise at least $1 billion of primary and secondary capital with new investors on board.
Advertisement
Analysts predict that this round of funding, if implemented, will make the company second most valuable start-up at a valuation of nearly $7 billion. Interestingly, arch-rival
"Raising capital has become a permanent function for Indian ecommerce companies, and strategics are becoming preferred partners given their bigger cheque books," said Nitin Agarwal, managing director of investment bank Equirus Capital in the report.
Image Credit: Indiatimes.com
Advertisement
Financial inclusion made easy for India’s small merchants with Paytm’s pioneering QR codes and Soundbox
A 24-year-old stock trader who made over $8 million in 2 years shares the 4 indicators he uses as his guides to buy and sell
My fiancé and I picked out my engagement ring together before he proposed, and I don't regret missing out on the surprise
Two Mukesh Ambani-owned companies are among India’s top 5 valuable brands
TVS, Ather, Ola hike prices of electric two-wheelers as new subsidy norms kick in
IKIO Lighting sets IPO price band at ₹270-285/share
Royal Enfield sales rise 22% in May at 77,461 units
GST collection rises 12% to ₹1.57 lakh crore in May