According to a report buy Reuters, Snapdeal founders Kunal Bahl and Rohit Bansal and early investor Nexus Venture Partners have reached an agreement with its biggest investor SoftBank for the e-commerce website’s sale to rivals Flipkart. Flipkart is expected to sign the term sheet and start due diligence of Snapdeal. Notably, various reports have earlier claimed the deal hit a logjam as founders and investor Nexus didn't agree to SoftBank's terms.
By Varun Vasudevan | May 11, 2017 6:03 PM #Flipkart #Snapdeal
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