Snapdeal sale to Flipkart could happen soon; valuation still sticking point

Early investors and the founders are negotiating to sweeten the deal, reports Tech in Asia

The ongoing negotiation for the sale of Snapdeal to its larger Indian e-commerce rival Flipkart has let loose a barrage of reports in the media as well as a lot of speculation. Tech in Asia reached out to a source with first-hand knowledge of the negotiations to figure out what is real and what’s not at this point in time. Here’s what we learned.

Status of sale

Snapdeal’s last board meeting on Tuesday was less contentious than earlier ones and took a definite direction towards a merger of Snapdeal with Flipkart. The deal will be done in the next four to six