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Snapdeal, Infibeam agree to call off Unicommerce deal
short by Kanishka Pandey / on Saturday, 29 December, 2018
Ahmedabad-based e-commerce conglomerate Infibeam and online e-commerce firm Snapdeal have mutually agreed to call off the Unicommerce deal. Infibeam had announced it had acquired 100% stake in the Snapdeal-owned warehouse management platform in May. "The SPA has been terminated as the conditions precedent were not fulfilled within the stipulated time period," regulatory filings from Infibeam read.
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