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  • Category: General

    Flipkart and Snapdeal – Merging

    The two E-Commerce giant and also known as India's largest companies going to be a merger. As part of the two-step agreement, the merger will become the significant shareholder in India's largest e-commerce company. What is the reason behind this merger? According to the shareholder's agreement, how many shares did Flipkart had in Snapdeal? What is the drawback from Snapdeal to lose its shares? Members, what you feel about this merger? Can share your knowledge and information regarding this thread.
  • #25133
    The Flipkart Snapdeal merger is in the final stages. The combined entity will come into force by May end - most likely. The talks have effectively concluded and Snapdeal has agreed to all the terms. They only want the assurance that its 2500 strong workforce will stay even after the merger.
    The major cause for the merger decision is the losses being made by Snapdeal and Flipkart over the past one year or so. The entry of Amazon India has been assumed to be the sole reason the losses being made by both the companies. Amazon definitely has a better business model compared to the Indian e-retail businesses. Unable to resist the issues, the two companies have decided to merge.

    Live....and Let Live!


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