Another point of contention has been the insertion of a non-compete clause for the Snapdeal co-founders Kunal Bahl and Rohit Bansal which is still to be agreed upon, sources said. "The final offer may still not touch the billion-dollar mark but is likely to be presented in another week. Flipkart has prepared a revised offer but that still has multiple complexities, " a person aware of the development said. With the exclusivity period ending for Flipkart, Snapdeal has now started working on a plan to sell off its logistics business under Vulcan Express and Freecharge, its payments platform, to shore up cash and run the company . Emails sent to Flipkart and Snapdeal asking about the revised offer did not elicit a response till the time of going to press.In May, both the companies had signed a binding agreement after which Flipkart initiated due diligence.

Source: Times of India July 13, 2017 04:41 UTC