SoftBank is closing in on an agreement to combine its e-commerce company Snapdeal with market leader Flipkart to create a stronger domestic player to compete with Amazon, according to sources.
BENGALURU: Despite the government banning online marketplaces that receive foreign direct investment (FDI) from influencing product prices in March, e-commerce firms have restarted sale events over the past week.
Flipkart and its subsidiary Myntra, Amazon India, Snapdeal and others are all offering discounts ranging from 20% to 90% on clothing, shoes and other fashion products in the ongoing end-of-season sales.
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