SoftBank nears Nexus consent on Flipkart-Snapdeal deal
Snapdeal's largest investor SoftBank has reportedly moved closer to securing the consent of investor Nexus Venture Partners for Snapdeal sale to Flipkart. A nod from Nexus, one of the early investors in Snapdeal, is crucial for the deal to go through. The deal between Snapdeal and Flipkart, if completed, would mark the biggest acquisition in the Indian e-commerce space.