Snapdeal is backed by Softbank Japaneese internet gaint

Japanese telecom and Internet major SoftBank Corp said it will forcefully back two of its greatest India portfolio organizations, online trade player Snapdeal and ride hailing application Ola, as they battle profound took worldwide goliaths Amazon and Uber, separately, for piece of the overall industry on the planet's quickest developing real economy.

Snapdeal Coupon Code for Mobiles today

The main part of SoftBank's capital conveyed - about $1.3 billion - has been contributed crosswise over only 2 organizations, Ola and Snapdeal, in this way making the achievement of these two ventures basic to its future in India. Both are right now amidst new subsidizing rounds.

At the point when SoftBank had put resources into Snapdeal, it was the second-biggest online commercial center behind Flipkart and was gunning for the top position. Be that as it may, from that point forward, Snapdeal has slipped to third place, behind Amazon India and Flipkart mobile offers

We have covered this article from economic times of india