Flipkart’s acquisition of Snapdeal could come through in July, at a valuation that is much less than had been initially envisaged. While Snapdeal is gunning for $1 billion from Flipkart, the latter is only willing to pay $350-400 million.
“Snapdeal’s two subsidiaries, Vulcan Express and Unicommerce, would be critical to Flipkart and fit into its broader business model. Acquiring Snapdeal without the two subsidiaries does not make any business sense for Flipkart,” said Sanchit Vir Gogia, Chief Analyst and CEO, Greyhound Research.
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Sanchit Vir Gogia: Sanchit is the Chief Futurist, Founder & CEO of Greyhound Knowledge Group, a Global Strategy & Transformation Research, Advisory & Consulting Group. He also serves as Chief Analyst & CEO of Greyhound Research, a Global, Award-Winning, Independent Technology & Innovation Research, Advisory & Consulting firm. To read more about him, click here.
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