Snapdeal founder eyes Alibaba playbook with funding deal


HARD AT WORK: Snapdeal employees in the New Delhi office. The company unveiled a US$627mil (RM2.04bil) investment from Japan's SoftBank, one of the high-profile early backers — and now major shareholder — in China's Alibaba. — Reuters

MUMBAI: Kunal Bahl, co-founder of online marketplace Snapdeal, has come a long way from his days as a business school student selling detergent in US supermarkets. 

After final negotiations over a sushi breakfast earlier this month, Snapdeal on Tuesday unveiled a US$627mil (RM2.04bil) investment from Japan's SoftBank, one of the high-profile early backers — and now major shareholder — in China's Alibaba. 

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

   

Next In Tech News

Restaurants are putting digital detox on the menu with smartphone-free dining
To stand out in the job market, get to grips with ChatGPT
Amazon ad exec Aubrey steps aside for new role
Stablecoin Tether gets boost as dollar alternative in emerging markets, CEO says
Google scraps minimum wage, benefits rules for suppliers and staffing firms
Trump media shares gain as it suggests 'potential market manipulation'
Apple's offer to open up tap-and-go tech to be approved by EU next month, sources say
Dutch privacy watchdog recommends government organisations stop using Facebook
Nigerian court adjourns Binance and executives' tax evasion trial to May 17
Pornhub, XVideos, Stripchat face strict EU rules, Commission says

Others Also Read