Snapdeal walks away from merger talks with Flipkart
Snapdeal has called off merger talks with Flipkart, stating it will now pursue an independent path. According to sources, Snapdeal founders Kunal Bahl and Rohit Bansal are opposed to the deal, and would rather run a stripped-down version of the online marketplace. Notably, the deal with Flipkart for $900-950 million would've marked the largest acquisition in the Indian e-commerce space. 