Will a Snapdeal-Infibeam merger be a union of unequals?
New Delhi: The proposed ‘Plan B’ by Snapdeal founders Kunal Bahl and Rohit Bansal to sell off the erstwhile e-commerce unicorn to Infibeam will be an interesting union of unequals.
While Infibeam, the only listed e-commerce firm, is currently valued at around $1 billion, more than the sale price put on Snapdeal ($700 million), it is smaller than Snapdeal, when one looks at most metrics.
In FY16, Snapdeal’s revenue was four times that of Infibeam. Snapdeal has also raised $2 billion so far, compared to Infibeam’s $80 million.
- Errors in GST returns filing a hurdle in issuing tax refunds to exporters: CBEC
- Supreme Court puts the spotlight on audit firms
- Govt has not asked PNB to settle dues from fraud
- Philanthropists need to be bridging leaders: Peggy Dulany
- PNB fraud: Didn’t consider PwC bid for audit of Nirav Modi accounts, says bank