Snapdeal readies itself for IPO

E-commerce major Snapdeal is aiming to go for an initial public offering (IPO) of $200-250 million by March next year, said three people in the know of the matter.
Once among the top three e-commerce players in India, along with Flipkart and Amazon, the SoftBank- and Alibaba-backed company pivoted its business model to cater to the value-conscious segment of the domestic market after a potential acquisition by rival Flipkart fell through.

“While the founders are unlikely to sell their shares, the existing shareholders, both domestic and foreign, are not planning to sell much,” said a source.

TOI. (The news article has not been edited by DFU Publications staff) 

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