MUMBAI : Ecommerce startup Snapdeal Pvt. This will include a mix of primary fundraise and secondary share sale by existing investors. The proposed listing, if successful, will mark a comeback for the e-commerce company, which once competed with arch rivals Flipkart.com and Amazon.com Inc. for supremacy in the Indian e-commerce market. A substantial part of the IPO will be primary share sale to raise growth capital for the company. Snapdeal is filing for IPO as a professionally managed company and hence, its biggest investor SoftBank will need to sell a small part for its shareholding to come below 25%.

Source: Mint November 30, 2021 19:06 UTC