Shutters down on Snapdeal's yet another acquisition

Snapdeal had earlier shut down Exclusively, which it acquired in 2015

Gurgaon-based online marketplace Snapdeal pulled the shutter down on yet another of its acquisition Shopo, the company's customer to customer marketplace just a year and a half after acquiring it. Snapdeal had acquired Shopo in July 2015.

This is the second such portal Snapdeal closed down. Last year it shut its high-end fashion marketplace Exclusively and made it part of the main Snapdeal marketplace. The move comes at a time when Snapdeal is aggressively looking at optimising costs amid an intense battle with Flipkart and Amazon.

"We started, a year and a half ago, from a small conference room with our mission