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IPO-bound Snapdeal sells 30% in Unicommerce to Softbank: Reports
short by Aishwarya Awasthi / on Thursday, 16 December, 2021
IPO-bound Snapdeal's fully-owned SaaS platform Unicommerce has raised investment from Softbank for around 30% stake, media reports said citing sources. The financial details of the deal were not reported. Snapdeal's $250-million IPO will reportedly see Softbank reduce its shareholding from 34% to 24%. The firm is in final stages to file draft papers for an IPO.
read more at Moneycontrol