SoftBank pulls out of $150-200 mn Snapdeal funding: Reports
Snapdeal's largest investor, SoftBank, has backed out of a $150-200 million debt-financing agreement, according to reports. SoftBank's withdrawal from the debt offering reaffirms its intent to either effect a sale or merger of Snapdeal, the reports added. Earlier reports claimed Snapdeal missed funding twice over rift between SoftBank and early investors Kalaari Capital and Nexus Venture Partners.