E-commerce platform Snapdeal may go for $400-M IPO

E-commerce platform Snapdeal is assessing an initial public offering that could raise about USD 300-400 million. The company is in the early stages of assessing an IPO and potential listing that could value Snapdeal at about USD 2-2.5 billion. In 2017, Snapdeal walked away from a potential merger deal with Flipkart and instead pursued what it called the 'Snapdeal 2.0' strategy to become "financially self-sustainable". Its consolidated revenue from operations grew marginally to INR 846.4 crore in FY20 from INR 839.4 crore in FY19.