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2014-05-21

Snapdeal looks to acquire two Indian technology start-ups

Snapdeal.com is considering two acquisitions in the Indian technology space, Kunal Bahl, Co-Founder, Snapdeal. The names of the tech start-ups were not disclosed.

Online marketplace Snapdeal.com is considering two acquisitions in the Indian technology space, Kunal Bahl, Co-Founder, Snapdeal. The names of the tech start-ups were not disclosed.

 

“We are looking at two more companies right now and both are technology companies. These are very small companies with great technologies,” Bahl said.

 

Snapdeal, which is backed by the largest online marketplace eBay, is looking to increase the number of sellers on its marketplace from 30,000 currently to 1 lakh by 2015. And while Bahl mentions that the company has been receiving investor interest, it is not planning to raise funds in the near future.

 

According to Bahl, the most important agenda on Snapdeal’s list is ‘to create life changing experiences for small businesses in India’. Thus, after acquiring companies like Shopo.in, Doozton.com and eSportsBuy.com, it is eyeing two more start-ups to create a better eco-system. 

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