Flipkart-Snapdeal merger said to require Tata, Premji's nod
The merger of Snapdeal with Flipkart is awaiting the approval of Tata Sons Chairman Emeritus Ratan Tata and family offices of Wipro's Chairman Azim Premji, according to a Bloomberg report. Azim Premji's private equity fund PremjiInvest, and Ratan Tata, both are investors of Snapdeal. Interestingly, VC firm Kalaari Capital is a common investor of both Snapdeal and Flipkart.