Snapdeal’s cash squeeze adds to funding pressure3 min read . Updated: 17 Feb 2017, 02:53 AM IST
Snapdeal switches to cash-conserve mode after talks with SoftBank on bridge round funding get deferred
Jasper Infotech Pvt. Ltd, which runs Snapdeal, had about Rs1,100-1,200 crore cash left in the bank and Rs300-400 crore at its payments unit Freecharge at the end of 2016, making it critical for the company to secure funds immediately, according to official documents and three people familiar with the matter.
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