Snapdeal rubbishes reports of holding talks for selling the firm
BY - Vaishnavi Gupta
Senior Correspondent, IndianRetailer.com & Retailer Magazine Mar 23, 2017 / 1 MIN READ
Senior Correspondent, IndianRetailer.com & Retailer Magazine Mar 23, 2017 / 1 MIN READ
Indian e-commerce marketplace, Snapdeal has firmly denied that it was in talks to sell the firm, after Mint newspaper reported the company was in talks with domestic rivals for a potential sale.
Mint had reported Snapdeal was in talks with Paytm E-Commerce Pvt Ltd and Flipkart for a potential sale, quoting sources.
In a written statement, a spokeswoman mentioned, "Snapdeal categorically denies having had any such discussion.
The information is incorrect and without basis. We are making decisive progress in our journey towards profitability and all our efforts are aligned in this direction."
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