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Ecommerce platform Snapdeal eyes for $400 Mn IPO: Report

Shortpedia

Content Team
Image Credit: shortpedia

Ecommerce platform Snapdeal has reportedly joined the bandwagon of Indian startups looking to raise money through the public market. As per a report, Snapdeal is considering an initial public offering (IPO) that could fetch them $400 Mn. As per a Bloomberg report, the SoftBank-backed Snapdeal is in talks with advisors about listing the ecommerce platform on the BSE next year at a valuation of $2.5 Bn.