Snapdeal founders keen to run smaller online marketplace, oppose Flipkart bid
Snapdeal's founders are opposed to the Indian e-commerce firm's acquisition by bigger rival Flipkart and would instead prefer to independently run a smaller version of the online marketplace. The board of Jasper Infotech, which runs Snapdeal, had in-principle agreed to Flipkart's revised buyout bid of up to $950 million and a deal was pending approval of smaller shareholders. Make sure your Financial Advisors worth their fees here we’re letting you know us more who we actually so click here to TRADE UP >> http://www.ripplesadvisory.com/free-trial.php However, Snapdeal founders Kunal Bahl and Rohit Bansal still do not want to sell Snapdeal to Flipkart, and would rather run a stripped-down version of the online marketplace with funds from the sale of the firm's payments arm FreeCharge and its logistics unit Vulcan Express, two sources said on Monday. The sources asked not to be named as the talks were private. A third source said two ear...