SoftBank preparing for Snapdeal's sale to Flipkart: Reports
Snapdeal's biggest investor SoftBank on Tuesday held a meeting with early investors, Kalaari Capital and Nexus Venture Partners, on the proposed sale of Snapdeal to Flipkart, reports claimed. While early investors asked for $100 million each for their stakes, Co-founders Kunal Bahl and Rohit Bansal also asked for a $100 million payout for themselves and their management team, reports added.