Snapdeal-Flipkart merger talks stretch over fate of smaller units

Snapdeal's valuation has come down from $6.5 bn to less than $1 bn over the past year

It is not an easy task to orchestrate the biggest consolidation in Indian e-commerce history. 

Even as Flipkart goes through Snapdeal’s (which it intends to absorb) books of accounts, three separate sets of talks are on to decide on the other entities under the Jasper Infotech umbrella.

Snapdeal's valuation has come down from $6.5 billion to less than $1 bn over the past year. Three months earlier, SoftBank, the Japanese conglomerate and Snapdeal's largest investor, had initiated the process to sell the beleaguered online marketplace to bigger rival Flipkart.

A non-binding term sheet to start the due-diligence process by Flipkart