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Snapdeal-Flipkart Sale Approval Said to Have Been Given by Nexus to SoftBank

Japan’s SoftBank has secured the crucial nod from co-investor Nexus Venture Partners (NVP) for sale of Snapdeal to India’s largest e-commerce firm, Flipkart, sources said. SoftBank – the largest shareholder in Snapdeal – had secured a go-ahead from the founders and Kalaari last month. However, NVP was not in agreement over the valuation suggested by the Japanese firm and hectic ... Read More »