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. 

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